A Federal High Court sitting in Lagos, Southwest Nigeria on Friday ordered the permanent forfeiture of a total of N1,442,384,857.84 found in the bank accounts of three firms

According to PM News, these firms allegedly impersonated the consultants engaged by the Nigeria Governors’ Forum to analyse the Paris/London Club loan refunds due to the states, to the federal government.

The Economic and Financial Crimes Commission, EFCC, which obtained the forfeiture order, claimed that the defendants obtained N3.5bn from the Nigeria Governors’ Forum by making false claims.

Listed as defendants in the final forfeiture application filed before the court were Melrose General Services Limited, WASP Networks Limited and Thebe Wellness Services. The firms were accused of impersonating a consortium of consulting firms engaged by the governors’ forum for the “verification, reconciliation and recovery of over-deductions on Paris and London Club Loans on the accounts of states and local governments between 1995 and 2002.”

In a ruling, Justice Olatoregun upheld the EFCC’s argument and ordered the permanent forfeiture of the N1.4bn to the Federal Government.‎

Categories: News

Leave a Reply

Your email address will not be published. Required fields are marked *