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he Federal Excessive Court docket in Lagos has ordered the interim forfeiture of a N725 million value Banana Island, Lagos property linked to Patrick Akpobolokemi, a former Director-Common of the Nigerian Maritime Administration and Security Company (NIMASA).
The Financial and Monetary Crimes Fee (EFCC) mentioned in an announcement that the choose, Tijani Ringim, issued the interim forfeiture order following its ex parte software.
It instructed the court docket in its software that the property at Plot J 37A 218 Shut, 2nd Avenue, Banana Island, Ikoyi, Lagos, was “fairly suspected to be proceeds of an illegal exercise.”
The choose went on to grant the applying for interim forfeiture giving anybody within the asset 14 days to indicate trigger why the property shouldn’t be completely forfeited to the federal authorities.
READ EFCC’S STATEMENT IN FULL
EFCC Press Launch
Court docket Orders Interim Forfeiture of N725m, Banana Island Property Linked to Ex-NIMASA DG, Akpobolokemi
Justice Tijani Ringim of the Federal Excessive Court docket sitting in Ikoyi, Lagos has ordered the interim forfeiture of the sum of N725,345,897.77 and a property located at Plot J 37A 218 Shut, 2nd Avenue, Banana Island, Ikoyi, Lagos linked to Patrick Akpobolokemi, a former Director-Common of the Nigerian Maritime Administration and Security Company, NIMASA.
The Decide gave the Order, following a movement ex parte filed and argued by the Financial and Monetary Crimes Fee, EFCC.
Transferring the applying on Monday, April 3, 2023, counsel to the EFCC, Bilikisu Buhari, submitted that the cash was “fairly suspected to be proceeds of an illegal exercise.”
Buhari additionally argued that the property was “fairly suspected to have been acquired with proceeds of an illegal exercise.”
The EFCC counsel additional prayed for an order directing the EFCC to publish the interim Order in a nationwide newspaper to allow anybody within the properties sought to be forfeited to look earlier than the court docket to indicate trigger, inside 14 days , “why the ultimate order of forfeiture of the mentioned properties shouldn’t be made in favour of the Federal Authorities of Nigeria”.
Justice Ringim, in granting the applying held that “I discover benefit on this statutory software and similar is granted as prayed.”
Wilson Uwujaren
Head, Media & Publicity
04/04/2023
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