EFCC Secures Final Forfeiture of N827.6m From NDDC Contractors

Published On: August 4, 2020, 12:26 pm
Author: kacy lee
-- (f) at 4-08-2020 12:26PM

(29280 | Addicted Hero)

The Economic and Financial Crimes Commission, EFCC has secured the final forfeiture of N827, 679,098.32 (Eight Hundred and Twenty-Seven Million, Six Hundred and Seventy-Nine Thousand, Ninety-Eight Naira, Thirty-Two Kobo) from Flank Power Resources Limited and GMFD Ventures Limited, both of whom are  firms  linked to  contractors with the Niger Delta Development Commission, NDDC.  Matthew Edevbie is the Chief Executive Officer of Flank Power Resources Limited.

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.

-- dopygenius (m) at 4-08-2020 04:36PM
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