₦airaland Forum

Court Orders Heritage Bank To Forfeit Unclaimed N157bn Recovered By EFCC To FG
Justice Obiozor had ordered the EFCC to publish the interim order in the newspapers for anyone interested in the money to show up in court to prove why it should not be permanently forfeited to the Federal Government. On Tuesday, Iheanacho told the judge that the publication order had been complied with, adding that no one had shown up to lay claim to the money.

The Federal High Court in Lagos has ordered the final forfeiture of the sums of N1,250,000,000; $327,132.35, £167.85 and €157.91 recovered by the Economic and Financial Crimes Commission (EFCC) to the Federal Government.
Justice Chuka Obiozor gave the order on Tuesday, following 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.
Iheanacho Ekene, Counsel for the EFCC, told Justice Obiozor that “The persons in whose possession the funds were found are not laying claim to them and surrendered them for forfeiture.”
In August, Justice Obiozor had made a temporary forfeiture order in respect of the funds. He ordered the EFCC to publish the interim order in the newspapers for anyone interested in the money to show up in court to prove why it should not be permanently forfeited to the Federal Government.
On Tuesday, Iheanacho told the judge that the publication order had been complied with, adding that no one had shown up to lay claim to the money. He urged the judge to order that the funds be permanently forfeited to the Federal Government.
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.
In a supporting affidavit to the forfeiture application, a female investigator with the EFCC, Oghare Ogbole, had averred that the funds were discovered following an intelligence report received by the anti-graft agency.
She added that, “Heritage Bank did not provide any legitimate explanation for the above transactions (involving the sums) and consequently returned the said money through 16 separate bank drafts issued in favour of the EFCC Recovered Funds Account.
“Attached and marked as exhibits EFCC 7A to 7F are the bank drafts representing the refund of the sums of N157,000,000,000 by Heritage Bank Plc, on the sums of $327,132.35, £167.85 and €157.90," she said.

http://saharareporters.com/2018/11/14/court-orders-heritage-bank-forfeit-unclaimed-n157bn-recovered-efcc-fg

saved ke.......what a blatant lie....na hell fire straight.. u better repent and accept that Allah is the only God and he has no son

that's y itz not gud to mingle wit Igbos....there is notin gud to learn from them....

sai baba till 2023.....Igbos will desist this post I know...they av already drank nmandi kunu urine so they will never understand... they are doomed already

Igbo will never do such for u......they will think that u will b eating their food...

the new flyover is also kwankwoso's project....he left office when the work is @65% completion.....

as we all know that most of our inventors are white people..why are nigerians or let me say africans left far behind when it comes to invention. who should we blame? the student or lecturers or our educational system. thankz please just drop ur view please.

FriendNG:
Red cap na him get supporters pass. And him done try for Kano development.

my brother no b small try....even me wey dey stay for kano I enjoy kwankwaso more than any politician.... cuz the man changed the life of masses in respective of ur background

atiku has over take tambuwal

tambuwal don win finish

teebaxy:
How u take know whose agent they are

u dey ur house and u are still arguing with me

atiku and saraki's agent are yet to collect any ballot paper

rivers state delegates all voted for tambuwal

switlily25:
I wonder who the guy on black cap is representing....that's the winner!

where is ur sense bikonu....this is just the beginning.. sokoto state are the ones that voted 2nd to the last

sokoto are the ones that voted 2nd to the last

abeg whose agent is with the black cap....the man just dey collect since

as part of the agreement with the aspirant... the name of the aspirant will not be called when sorting... the ballot paper will just be shown to the aspirant agent before putting it in their box

as part of the agreement with the aspirant... the name of the aspirant will not be called when sorting... the ballot paper will just be shown to the aspirant agent before putting it in their box

the name of the aspirant will not be called wen sorting...

voting has ended now...next is sorting then counting before the winner will be announce

voting has ended....it will b sorting now

kwankwaso just cast his vote

kwankwasiyya delegates are about to state casting their vote

kwankwaso is the one leading so far

what is Jonathan saying

abeg just turn to TVC and see performance by some Igbos

buhari got 14,842,72 votes from all the 36 states including fct....this is just from only the registered APC members......buhari lama digbo wa fun..sai baba sai buhari

to God b the glory....muhammadu buhari has just bn confirmed as the Presidential flag bearer of APC.........by fayemi
PDP continue waisting ur time...

fayemi delivering his speech now

tanimu turaki don chop Nigerian money tire....luk at his belle