Justice Folasade Giwa-Ogunbanjo of the Federal High Court, Abuja on Thursday ordered the final forfeiture of N601million linked with the former head of service of the federation, Mrs. Winifred Oyo-Ita. The money in two accounts at Zenith Bank was held in trust in the name of Titus Okunrinboye Thompson.
The EFCC convinced the court that the money in two accounts was a proceed of fraud and the agency on Monday, October 7, made a final forfeiture application before Justice Giwa.
The trio of Titus Okunrinboye, Vincent Odafen and Muara Muhammed Gambo were being prosecuted by the EFCC for running and operating companies, which were alleged to have been used to siphon public funds under the façade of contracts or consultancy.
The EFCC on June 28, 2019, applied for interim forfeiture before Justice Giwa, who granted the application and stipulated that the Commission should place the application in a national newspaper.
Justice Giwa had urged Abubakar to make sure that the account number filed by the prosecution for the forfeiture is thoroughly verified to be a Central Bank account number and must be supported with documents to ensure that where the funds would be transferred is a genuine federal government’s account before adjourning to October 10, 2019, for ruling on the final forfeiture application.
At the resumed hearing today, the prosecution counsel urged the court to grant EFCC’s prayers since there was no counter affidavit against the application.
Justice Giwa granted the prayers of the prosecution and placed an order, directing Zenith Bank to transfer the forfeited funds into the Cash Assets Final Forfeiture of the Central Bank of Nigeria.
At the resumed hearing today, the prosecution counsel urged the court to grant EFCC’s prayers since there was no counter affidavit against the application.
Justice Giwa granted the prayers of the prosecution and placed an order, directing Zenith Bank to transfer the forfeited funds into the Cash Assets Final Forfeiture of the Central Bank of Nigeria.
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