Property conversion: Businesswoman forfeits N206m to FG
Ladipo Sanusi/
A Federal High Court, Lagos, on Tuesday, ordered that the sum of N206 million belonging to a businesswoman, Akinola Olubunmi Vera, and her firm, Vermi Studio Products, be temporary forfeited to the Federal government of Nigeria, over alleged financial fraud.
The court presided by Justice AbdulAziz Anka, gave the order following an Ex-parte application filed and argued before the court by the lawyer to the EFCC, George Chai-Yakua.
In the Ex-parte application, the anti-graft agency stated that the sum was reasonably suspected to be proceeds of fraudulent transaction and crime by Mrs. Akinola and her company.
Justice Anka, ordered the said sum be forfeited by the EFCC pending the conclusion of its investigation and possible prosecution of the case.
In urging the court to grant the Ex-parte application, the EFCC lawyer, Chia-Yakua informed the judge that the sum was domiciled in two First Bank accounts numbered 3100844602 belonging to Vermilion Studio Products and 3011147218 belonging to Vera.
According to a supporting affidavit by an EFCC investigating officer, Paul Ugema, the agency commenced investigation of the matter following a petition it received.
The petition alleged that the respondents diverted over N206m property of Mooncrest Enterprises Nig Ltd.
“It was discovered that the respondents were making suspicious funds transfer into the accounts subject of investigation.
“I know as a fact that the money found in the accounts of the respondents are reasonably suspected to be proceeds of crime,” Ugema said.
Maida expressed excitement at Nigeria’s success at World Radio Communications Conference 2023
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Maida expressed excitement at Nigeria’s success at World Radio Communications Conference 2023
Maida expressed excitement at Nigeria’s success at World Radio Communications Conference 2023