Justice Kehinde Ogundare of the Federal High Court in Lagos has ordered the final forfeiture of $16,500 and N127 million fraudulently diverted from NIMASA to the Federal Government.
The initial interim forfeiture was granted on May 23, 2024, following a motion filed by the EFCC under relevant laws.
Despite the publication of the order for interested parties to show cause, no one contested the final forfeiture at the recent court session.
The EFCC recovered the funds from Uche Obilor and his companies, suspected of diverting money from NIMASA’s treasury.
In court, the EFCC presented evidence supporting the forfeiture, leading to Justice Ogundare’s decision to grant the request.
With no opposition in court, the funds will now be permanently forfeited to the Federal Government.
This decisive action reinforces the commitment to combating financial crimes in Nigeria and holding individuals accountable for their unlawful activities.