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Nairaland Forum / Nairaland / General / Politics / EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 (11258 Views)
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EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Modphase: 6:20am On Nov 14, 2018 |
The Federal High Court in Lagos on Tuesday ordered that the sums of N1,250,000,000; $327,132.35, £167.85 and €157.90 recovered by the Economic and Financial Crimes Commission should be permanently forfeited to the Federal Government. The permanent forfeiture order followed a suit filed by the EFCC against Heritage Bank Plc and Secure Electronics Technology Limited. The anti-graft agency said the funds were reasonably suspected to be proceeds of unlawful activities. Counsel for the EFCC, Mr Iheanacho Ekene, told Justice Chuka Obiozor that, “The persons in whose possession the funds were found are not laying claim to them and surrendered them for forfeiture.” Justice Obiozor had in August made a temporary forfeiture order in respect of the funds. As there was no opposing application, Justice Obiozor ordered the sums of N1.2bn, $327,132.35, £167.85 and €157.90 permanently forfeited to the Federal Government. https://punchng.com/efcc-gets-fresh-forfeiture-order-on-n1-2bn-327132-35-167-85-e157-90/ 4 Likes 2 Shares |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Modphase: 6:21am On Nov 14, 2018 |
Imagine billions of naira forfeited just like that. It will never be well with PDP. 76 Likes 11 Shares |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by midolian(m): 6:24am On Nov 14, 2018 |
Modphase:Amen 45 Likes 10 Shares |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Racoon(m): 6:36am On Nov 14, 2018 |
Yet the government of the day will still borrow to service debt or reloot the recovered loot. 7 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by joedams: 6:36am On Nov 14, 2018 |
Forfeitures galore. Yet we can't fund new minimum wage or critical infrastructure. Nanzenz!! 6 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by princeSammyz: 6:36am On Nov 14, 2018 |
That's what happen when you cannot explain how you got it. Lol. If only @EFCC can do this across board, then we will give them accolades. There remain insecticide to the opposition and preservative to the ruling party. What do you expect when the chairman of a body like EFCC is an appointee of the executive? Independence murdered right from the foundation! 6 Likes 1 Share |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Racoon(m): 6:37am On Nov 14, 2018 |
Modphase:And where was it mentioned in the report that It's from the PDP? You can do better. 28 Likes 1 Share |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Zansu007: 6:37am On Nov 14, 2018 |
We will keep hearing different figure until after election foolish govt 3 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Maket: 6:37am On Nov 14, 2018 |
See money. This money fit make person DANCE and DIE (DaD) |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by laurel03(m): 6:37am On Nov 14, 2018 |
Modphase:seriously Apc not perfoming to expectations but we don't need Pdp again.. If we want new Nigeria we need to think of new and fresh ideas people 28 Likes 1 Share |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by benitdavid: 6:37am On Nov 14, 2018 |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by GOFRONT(m): 6:37am On Nov 14, 2018 |
Chaii....See money of one person |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Laryne(m): 6:38am On Nov 14, 2018 |
Shortly after, the loots will be looted.
Hope the loots will not be used to finance the forthcoming elections.
These politicians aren't loyal! 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by ELTON123(m): 6:38am On Nov 14, 2018 |
Rochas have mould this one. 3 Likes
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Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Anas97(f): 6:38am On Nov 14, 2018 |
Atleast now the federal Government wont say dir is no money to give ASUU now. Money don land 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by kingPhidel(m): 6:38am On Nov 14, 2018 |
Who cares! We can only be seeing figures on paper and the media but no impact on the populace meanwhile government scammed NLC on Minimum wage. If you can't pay the 18000 minimum wage, is 30000 you can pay? I dislike such news headline 2 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Omoalhaja77: 6:39am On Nov 14, 2018 |
I pray the money would be put in good use; economy-boost, infrastructural devt, education! |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Chuukwudi(m): 6:40am On Nov 14, 2018 |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Amumaigwe: 6:41am On Nov 14, 2018 |
Modphase: Forfeiture order without a hot legal battle, that one na forfeiture order.? 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by zoedew: 6:41am On Nov 14, 2018 |
Quite clearly we know now more than ever before who are the thieves amongst us. We know who owned SGBN of yore and owns Heritage Bank. This is quite mind boggling! The strange thing is they have no modicum of shame and still go about presiding and pontificating over our affairs. The French Revolution will encore here shortly and someday if they do not change for the better. 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Nbote(m): 6:43am On Nov 14, 2018 |
If d funds were found in an account dat means it belonged to d account holder abi, so how come it was found in possession of some persons? I don't understand how a person is found in possession of funds but not laying claim to d funds. Anyways make dem sha collect d money Modphase: I jus read d full post again and I am yet to see where PDP was mentioned anywhere... Some of U have taken to lying for a living 2 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Holamic: 6:43am On Nov 14, 2018 |
The thunder that will strike PDP is been polish by amadioha... 2 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Modphase: 6:45am On Nov 14, 2018 |
Racoon: Amumaigwe:Read the full article on Punch the legal battle is done n dusted no PDP member came forward to claim the money. I know very well APC will not steal only to help forfeit it loot. |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Nasir123(m): 6:46am On Nov 14, 2018 |
Good development. #Takethemback 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by emonkey(m): 6:47am On Nov 14, 2018 |
Modphase: Height of buffoonery. EFCC recovers money from fake people at fake location and goes to court to order permanent forfeiture . What an arranged and badly written drama played for political gain . I mentioned just last week they will soon dig Diezani's matter up again to wake up their army of zombies. See what has happened. 3 Likes |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by Nobody: 6:48am On Nov 14, 2018 |
That headline smells Saraki. I can see his hands on the forfeited money. If u know u know. |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by rxmusa(m): 6:49am On Nov 14, 2018 |
That's good, they're surely proceeds of corruption. Three years ago Buhari didn't use 25 years old pension to campaign but today he is paying them in folds... Three years ago Buhari didn't use railway construction to campaign but today he is constructing them Three years ago Buhari didn't use Building of affordable houses for citizens to campaign but today he is building them houses Three years ago Buhari didn't use bailing out states to campaign but today he is bailing states out Three years ago Buhari didn't tell us he will work on Mambilla Power Plant but today he is working on it Three years ago Buhari didn't use Niger Bridge to Campaign But today he is constructing it Three years ago Buhari didn't tell us he won't interfere with the affairs of the senate and judiciary but today their affairs is none of his business Three years ago Buhari didn't use rice revolution to campaign but today he has made us to believe in our 'Oh God Rice' Three years ago Buhari didn't use devolution of power to his vice to campaign but today he has shown the world how useful a vice could be Three years ago Buhari didn't use the implementation of TSA to campaign but today he has implemented it Three years ago Buhari didn't use Yuan swap deal to campaign but today he has eased the stress of Nigerians doing business in china Three years ago Buhari didn't campaign that he will chase 50 000 ghost workers away but today he is saving billions of naira for chasing ghost workers outta system Three years ago Buhari didn't campaign with Npower, TraderMoni, Primary school feeding, Loan without interest, conditional cash transfer and so but today he is so magnanimous to the masses Ex Nitel workers, Ex Biafran soldiers, Nigeria Airways all been paid. Three years ago Buhari didn't campaign to solve Fulani herdsmen / farmer clashes but today, he solve as it occurred. You see failure of his promises in three years but I see successes in his three years in office. Buhari is the best President Nigeria has ever seen... Ever!!! We need continuity. Buhari Osinbajo 2019. Please Share these facts. 6 Likes
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Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by iammo(m): 6:51am On Nov 14, 2018 |
PDP looting never again, as for people who don't know how debt works, and why successful nations rely heavily on borrowing. Loan is a part of developmental tool provided by the money market since a country can't generate all its required revenues in one day or few months. Without borrowing Nigeria might continue having abandoned projects everywhere like the PDP days |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by erico2k2(m): 6:53am On Nov 14, 2018 |
laurel03:Do you realy think APC are ruling ? Last time we checked . The people responsible for making our laws is PDP cos they are now majority in the house . So think again is APC ruling ? 1 Like |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by BubuZombi: 6:54am On Nov 14, 2018 |
D |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by oweman: 6:54am On Nov 14, 2018 |
[quote author=Zansu007 post=72950517]We will keep hearing different figure until after election foolish govt ...... Yet all the people behind this looting of public fund arr either christians or moslems . I wonder if its christianity or islsm that encoursges stealing of public funds . |
Re: EFCC Gets Fresh Forfeiture Order On N1.2bn, $327,132.35, £167.85, €157.90 by erico2k2(m): 6:58am On Nov 14, 2018 |
iammo:Blind bat. Loans abroad are secured against projects . Or research . They form bonds . Where a loan cannot be secured they cut cost or raise taxes . A loan is only taken when there is a verified means of repayment..those states in the US that got it wrong went bankrupt . Nigeria FG borrow to steal . 2 Likes |
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