A Federal High Court sitting in Lagos on Friday ordered the final forfeiture of 1.982, 022, 84 units of Bitcoin worth N40m, property of a suspected internet fraudster to the Federal Government.
He told the court that the items sought to be forfeited are reasonably suspected to be proceeds of illegal activity and that the court has the statutory powers under the provision of Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006 to forfeit them.
He added that the said intelligence report was analysed, found worthy and assigned to his team for discreet investigation and report. The deponent also averred that the two phones were taken to the forensic laboratory where they were analysed and fraudulent documents were printed out from them, which he duly endorsed.
He further stated that when confronted with those facts, the suspect volunteered to make his extra-judicial statement under words of caution, wherein he confessed to being involved in internet fraud. After listening to the EFCC’s counsel, Justice Oweibo held, “The application is meritorious and the same ought to be granted, and it’s hereby granted.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NDLEA charges 32-year-old with peddling cocaine, heroinThe National Drug Law Enforcement Agency NDLEA on Friday charged one 32-year-old Basit Gbolagade with cocaine and heroin trafficking before a Federal High Court in Lagos.
Read more »
Court jails nine Ghanaians for attempting to smuggle cannabis into Nigeria | TheCableThe federal high court in Lagos has reportedly sentenced nine Ghanaians to eight years imprisonment each for “attempting” to smuggle...
Read more »
Court withholds judgement in suit opposing use of sole administrator to run NDDCA Federal High Court sitting in Yenagoa, on Thursday, reserved judgement in a suit challenging the continued use of a Sole Administrator to run the Niger Delta Development Commission (NDDC).
Read more »
APC Has No Guber Candidate In Adamawa As Court Nullifies PrimaryThe Federal High Court I in Yola presided over by Justice A.M Anka has voided the All Progressives Congress (APC) primary where the senator representing
Read more »
PDP mocks APC as court nullifies gov primaryThe Federal High Court in Yola, Adamawa State, on Friday, nullified the candidature of Aishatu Ahmed as the governorship candidate of the All Progressives Congress in the state.
Read more »
Court dismisses EFCC’s move to seize Gov Matawalle’s propertiesA Federal High Court in Abuja has dismissed the suit by the Economic and Financial Crimes Commission (EFCC) seeking to confiscate six choice properties in Abuja linked to Governor Bello Matawale of Zamfara State.
Read more »