Fraud: Court orders final forfeiture of N601m to Nigerian Govt

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A Federal High Court in Abuja has ordered the final forfeiture of N601 million to the Nigerian Government. Justice Giwa Ogunbanjo gave the order on Thursday, the Economic and Financial Crimes Commission (EFCC) said in a statement by its Head of Media and Publicity, Wilson Uwujaren.

According to the statement, the court ordered the final forfeiture of N550million and N51million, respectively being proceeds of fraud identified as belonging to one Okunrinboye Titus and domiciled in a commercial bank.

The EFCC said it made a final forfeiture application for the monies before Justice Giwa on Monday, following the prosecution of Okunrinboye and two others – Vincent Odafen and Muara Gambo –for allegedly running and operating companies said to be used to siphon public funds under the guise of contracts or consultancy.

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