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The sum of N235, 451, 969.89 traced to the account of a convicted fraudster, Okeke Obinwanne has been ordered to be forfeited to the Federal Government , the Ikoyi Federal High Court ruled.
Justice Mohammed Liman had, on March 23, 2020, ordered the interim forfeiture of the money domiciled in First City Monument Bank, following December 18, 2019 ex parte application by the Economic and Financial Crimes Commission, EFCC.
In granting the interim order, the Judge also ordered the Commission to advertise same in any national newspaper for anyone to show cause why the said money should not be finally forfeited to the government.
Following the publication of the order in a national newspaper, the Commission, on June 2, 2020, filed a Motion on Notice seeking the final forfeiture of the money to the Federal Government.
During the proceedings on November 12, 2020, counsel to the Commission, I. Sulaiman, urged the court to grant his prayers for final forfeiture of the money, which is reasonably suspected to be proceeds of unlawful activities.
Justice Liman in his ruling, granted the applicant’s prayers and also ordered the final forfeiture of the money to the Federal Government.
Okeke, who is the Chief Executive Officer, CEO, Invictus Group, was arrested sometime in August 2019 in the United States of America, USA, and charged with two counts of computer fraud and wire fraud, to which he pleaded guilty.
Fatimah Oyesanmi
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