Fidelity bank card banner Emerald Energy Institute Camano banner

EFCC seizes N200m from two military officers

By Robert Egbe on 12/07/2018

Gmail icon

Views: 1,739


A court sitting in Lagos Wednesday authorised the Economic and Financial Crimes Commission (EFCC) to seize N200 million allegedly kept in several commercial banks by two military officers and their three firms.

Justice Sule Hassan ordered that the sum be forfeited to the Federal Government, pending the conclusion of investigation as to their origins.

The officers are: Adamu Bello Argungu and John Onimisi Ozigi, while their firms are: Falsal & Co Global Services Nigeria Ltd; Diamond Head Ventures & Development Company Ltd; and Sweetex Bureau De Change Ltd.

The EFCC told the judge, through an ex parte application, that the defendants fraudulently withdrew the sum from the Defence Headquarters over-head expenses accounts.

Its counsel, Mr. Nkereuwem Mark Anana, alleged that the sums were warehoused in five banks.

The commission’s application, marked FHC/L/CS/1094/18, was supported by an 18-paragraph affidavit deposed to by its operative, Mr. Clever Ibrahim, two exhibits and a written address.

Ibrahim averred that Argungu and Ozigi are of the Nigerian Army and Air Force respectively, made several unauthorised withdrawals from the Defence Headquarters Overhead Expenses Account.

The deponent alleged that the money was neither deposited in their salary accounts, nor accounts belonging to the Defence Headquarters, but in corporate accounts and other accounts belonging their companies.

He alleged further that although a post-no-debit order was placed on the accounts in compliance with Section 6(5) of the Money Laundering and Prohibition Act, 2011, it lapsed after 72 hours.

Thus, the order of the interim forfeiture was sought to debar the respondents from tampering with the money.

•Culled from The Nation

 

Source News Express

Posted 12/07/2018 04:04:56 AM

 

 

CLASSIFIED ADS

 

You may also like...
BP cuts CEO pay by $8 million after...

Ekiti community leaders moot development plan

Why I sacked my commissioners, others — Wike...

No second term for Obiano —MASSOB •Says his...

U.S. trains 27,000 African peacekeepers

Gov. Ayade donates N50m to CAN, N30m to...

34 IPOB members in police net after inspector...

Court varies Nnamdi Kanu’s bail conditions, orders Abaribe,...

NIMASA vows to fight piracy to the end...

El-Rufai after Apostle Suleman: Church

FG plans nationwide campaign for Made-in-Nigeria products

FG will diversify economy through technology application —...

 

Latest News ECOWAS Parliament faults closure of Nigeria’s borders, demands reversal REVEALED: How Oshiomole hijacked NDDC Board Chairmanship from Ondo State Buhari dissolves Obono-Obla’s panel on loot recovery 5-year-old boy shoots, kills brother Call Miyetti Allah to order, South-East farmers tell Buhari Trouble as lawmakers threaten Foreign Affairs Minister over xenophobia Adoke (ex-Minister who nearly committed suicide after leaving office) lied — EFCC •Tells him to come back home for trial Delta to spend over N1bn on rehabilitation of Federal roads Accidents: FRSC gets tough with Dangote RTEAN expels National President, suspends Secretary-General Senegal to offer free breast cancer treatment Airport: Ebonyi Govt. admonishes host communities

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (541,070 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (443,231 views) Shameless Genevieve Nnaji exposes breasts in public (389,558 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (326,780 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (294,787 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (253,694 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (249,830 views) 10 cars more expensive than Jets (238,480 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (231,539 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (217,578 views) Lagos plane crash: Journalist releases victims’ names (195,919 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (193,503 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (102) Business & Economy (4,447) Business Verdict (80) Columnists (1,109) Complaints & Requests (96) Enterprise & Opportunities (215) Entertainment (664) Features (812) Global Business Monitor (442) ICT Monitor (63) International (3,957) Interview (203) Live Commentary (30) Love Matters (170) Maggie's Blog (414) News (51,422) Opinion (1,359) Pidgin (17) Politics (11,449) Religion (1,102) Sports (2,169) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera