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N3.9bn Fraud: Court Convicts Badeh’s Company, Orders Forfeiture Of Property - Politics - Nairaland

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N3.9bn Fraud: Court Convicts Badeh’s Company, Orders Forfeiture Of Property by yinka10: 6:29pm On Mar 04, 2019
Justice Okon Abang of the Federal High Court in Abuja, has convicted a company, Iyalikam Nigeria limited, connected to the late Chief of Defense Staff Alex Badeh of corruption and money laundering charges.

Justice Abang in a Judgment delivered in the suit filed against late Badeh and his company, by the Economic and Financial Crimes Commission (EFCC) upon conviction, ordered that all properties of the company listed in the charge should be forfeited to the Federal government through the EFCC.
Justice Abang also ordered that all the belonging to the company be forfeited to the Federal Government;

They include “A mansion situated at No.6 Ogun River Str., off Danube Str., Maitama Abuja.

“A shopping mall situated at Plot 1386, Oda Crescent, Cadastral Zone, Wuse II Abuja.

“A duplex located at No.19, Kumasi Crescent, Wuse II Abuja.

“A duplex at No. 14 Adzope Crescent, off Kumasi Cresent, Wuse II, Abuja.

“Semi-detached duplex at No. 8A Embu Str. by Sigma Apartments Wuse II, Abuja.

“The sum of $1 million recovered from No.6 Ogun River Str., off Danube Str., Maitama, Abuja.”

Air chief Marshal Badeh was killed while returning from his farm in Nassarwa state a few days to opening his defense in his trial.

Source:
https://www.channelstv.com/2019/03/04/n3-9bn-fraud-court-convicts-badehs-company-orders-forfeiture-of-property-to-fg/?utm_source=TW&utm_medium=ChannelsTV-+AutoPoster&utm_campaign=SNAP%2Bfrom%2BChannels+Television

Re: N3.9bn Fraud: Court Convicts Badeh’s Company, Orders Forfeiture Of Property by Mynd44: 6:37pm On Mar 04, 2019

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