Anti-corruption and elections / EFCC

Paris Club Refund: Court Defers Ruling on Final Forfeiture of N1.4bn To April 24

Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos, on Friday, March 2, 2018, deferred judgment in an application filled by the Economic and Financial Crimes Commission, EFCC, seeking the final forfeiture of a sum of N1,222, 384,857.84 recovered from the account of Melrose General Services Company Limited as well as another N220,000,000.00 recovered from two other companies. Justice Olatoregun had, on Friday, October 13, 2017, ordered an interim forfeiture of the money, following a motion ex parte filed by the EFCC. The judge had also ordered the temporary forfeiture…