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EFCC secures final forfeiture of N827.6m from NDDC contractors - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=60) +--- Thread: EFCC secures final forfeiture of N827.6m from NDDC contractors (/showthread.php?tid=37366) |
EFCC secures final forfeiture of N827.6m from NDDC contractors - Edoman - 08-03-2020 EFCC secures final forfeiture of N827.6m from NDDC contractors The Economic and Financial Crimes Commission, EFCC has secured the final forfeiture of N827, 679,098.32 (Eight Hundred and Twenty-Seven Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) from Flank Power Resources Limited and GMFD Ventures Limited which are linked to contractors with the Niger Delta Development Commission, NDDC. A statement released by the Economic and Financial Crimes Commission EFCC, says the forfeiture followed the order of Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos, sequel to an affidavit deposed to by an EFCC investigator, in which the Commission prayed the court for the forfeiture of the sum to the federal government of Nigeria, being proceeds of unlawful activity, traced to some contractors’ accounts with Zenith Bank. Quote:''A breakdown of the recovery shows that N616, 679, 098.32 (Six Hundred and Sixteen Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) was recovered from Flank Power Resources Limited, while N211million (Two Hundred and Eleven Million Naira) was recovered from GMFD Ventures Limited. |