- EFCC investigates N25.6b bailout, Paris Fund to Cross River
A Federal High Court, Lagos, on Wednesday ordered permanent forfeiture of 56 houses situated in Lagos, Port Harcourt and Abuja valued at $21,982,224 (about N3.3 billion) allegedly linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to the Federal Government.
The trial judge, Justice Abdul-Azeez Anka, gave the order following a request to the effect by the Economic and Financial Crimes Commission (EFCC).
“I have gone through the affidavit attached to the motion for final forfeiture as well as the submissions of the EFCC’s counsel, A. B. C. Ozioko. The court has no option considering the incontrovertible evidence filed by the EFCC than to grant the application.
“The motion for final forfeiture is accordingly granted as prayed. All parties have right of appeal.”
Meanwhile, the EFCC has begun probe of over N25.6 billion released to Cross River State by the Federal Government to settle outstanding indebtedness of the state to workers.
An EFFC personnel, who spoke on condition of anonymity, told some newsmen that they were on a discrete investigative mission to make an on-the-spot fact-finding on whether some pensioners were being owed or not and see how such funds released to the state were applied.