EFCC Gets Final Forfeiture Of N827.6m From NDDC Contractors
The Economic and Financial Crimes Commission, has secured the final forfeiture of N827, 679,098.32 from Flank Power Resources Limited and GMFD Ventures Limited.
In a statement by the Head, Media and Publicity of the EFCC, Dele Oyewale, explained that the forfeiture followed the order of Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos, sequel to an affidavit deposed to by an EFCC investigator, in which the Commission prayed the court for the forfeiture of the sum to the federal government of Nigeria, being proceeds of unlawful activity, traced to some contractors’ accounts with Zenith Bank.
The statement revealed that between 2018 and 2019, Flank Power Resources Limited received the funds from the NDDC, through its account number:1015642852, while GMFD received through account number: 1014657819 both of which are domiciled in Zenith Bank Plc for desilting contracts which aside from being inflated, were not executed but diverted and laundered.
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