Court orders final forfeiture of N127m, $16,500 recovered from NIMASA contractor

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Court orders final forfeiture of N127m, $16,500 recovered from NIMASA contractor
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Granting the interim forfeiture order, the judge directed the EFCC to publish the interim forfeiture order in a national newspaper, asking interested parties to show cause why the funds should not be permanently forfeited to the federal government.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.

“The application is accompanied by two exhibits: the interim order of the court and the Punch publication of 26 June 2024. We respectfully adopt the same and pray the court to grant all the reliefs sought,” the lawyer said.

EFCC launched a vast investigation into the finances of the maritime agency after the President Muhammadu Buhari administration came on board in 2015. He said the agency awarded the contract to his three companies – Seabulk Offshore Limited, Southern Offshore Limited, and Ace Prosthesis Limited – with the money fully paid.

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