The Economic and Financial Crimes Commission(EFCC) says it has recorded the greatest gain to the government today in a final forfeiture.
The antigraft agency said it Records N131million Cash, N600 Million Properties for Government in a Final Forfeiture Judgement as the Commission recorded a final forfeiture order of N131,337,800 (One Hundred and Thirty One Million, Three Hundred and Thirty Seven Thousand Eight Hundred Naira) and properties valued at about N600,000,000 (Six Hundred Million Naira) for government in a final forfeiture judgement.
The judgement followed a non conviction based proceedings before a Federal High Court 9, Abuja Division, presided over by Justice Taiwo Taiwo.
In Suit No. FHC/ABJ/CS/1054/2018, the EFCC, through its Counsel, Adeola Olarewaju, successfully prosecuted BILIKI FATOLU and eight others for fraudulently diverting humongous sums from the Federal Ministry of Power, part of which were diverted in the acquisition of the properties and money forfeited to the federal government.