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Reading: Court Orders Interim Forfeiture of $899,900, 15 Property Recovered from Ex-AGF, Idris
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VEO News > Blog > News > Court Orders Interim Forfeiture of $899,900, 15 Property Recovered from Ex-AGF, Idris
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Court Orders Interim Forfeiture of $899,900, 15 Property Recovered from Ex-AGF, Idris

Ayo Ayedun
Last updated: 2022/12/21 at 4:28 PM
Ayo Ayedun Published December 21, 2022
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A Federal Capital Territory High Court has ordered the interim forfeiture of cash and property recovered from the former Accountant General of the Federation, Ahmed Idris, by the Economic and Financial Crimes Commission.

The forfeited items are; 899,900 dollars, 304.5 million naira and 15 choice property in Kano and Abuja.

Justice M.A Hassan gave the Order while ruling on a motion exparte filed by the EFCC in which it prayed the court for an order of interim attachment and forfeiture of the property pending the hearing and determination of the substantive case.

In the supporting Affidavit to the application deposed to by one Monyei Samuel Ekene, an operative of the EFCC, the Commission had requested the court to grant among others, an order approving the interim “management of the assets and properties in the schedule to this application to the applicant”, pending the determination of the substantive case; an order “ to open an interest yielding account where monies realized from the management of the assets and properties of the persons stated in the Schedule to this application shall be paid”, pending the determination of the substantive case; and an Order “freezing the Bank Accounts of the persons referred to as account holders/ or the bank accounts set out in the Schedule to this application”, pending the hearing and determination of the substantive case.

Justice Hassan granted the motion as prayed but further ordered that the recovery account sought to be opened by the applicant shall be in the name of the Commission as Recovery Account and the details of the Account shall be reported back to the Court within one week of opening”.

Idris and others are being prosecuted by the EFCC on 14 counts of stealing and money laundering to the tune of 109 billion naira.

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