Skip to main content

Court Fixes March 27 For Ruling In EFCC $54,000 Forfeiture Case

 

The Federal High Court in Lagos has fixed March 27, 2020 for judgment on a motion on notice filed by the Economic and Financial Crimes Commission seeking the permanent forfeiture of the sum of $54,000 found in the domiciliary account of a firm, Asej Global Services, operated by one Ojo Temitope Francis.

The anti-graft agency told Justice Muslim Hassan that the funds were reasonably suspected to be proceeds of cyberfraud.

In a 20-paragraph affidavit filed in support of the motion on notice, an investigative officer with the EFCC, Peter Chimdinma, said the anti-graft agency commenced action against Asej Global Services following a petition against the firm and Francis by First City Monument Bank.

FCMB, according to the investigator, reported the firm and Francis to the EFCC following an inflow of $54,000 into the firm’s account with number: 4445389020 domiciled in FCMB.

Chimdinma said, “The petitioner, First City Monument Bank, enquired about the nature of the funds and the account holder (Francis) claimed that they were from his friend and associate, George Edwards Cook, residing in the United States and that the funds were for the purchase of properties on behalf of the said friend and business associate.

“That upon further enquiry, the suspect provided a copy of the driver’s licence of a white man, purporting that it belonged to the said friend and business associate residing in the United States and could not provide information on the nature of their business.

“That in the course of investigation, a letter of request for assistance was sent to the Federal Bureau of Investigation to assist in locating and interviewing the said business associate, Mr George Edward Cook.

“That in response to the letter of request for assistance sent to the FBI, it was revealed that the said George Edward Cook had been flagged by the US Department of Treasury and US Banking Financial Security Network as a known fraudster.

“Investigation further revealed that as of December 2017, George Edward Cook utilised counterfeit cheques to deposit $44,480 but was denied and is currently unable to secure any new US-based bank account under his name due to his ban by FINCEN.

“That so far, the team has been able to establish that one Ojo Temitope Francis, hiding under the cover of the suspect, Asej Global Services, operated a domiciliary account in FCMB and received funds from George Edward Cook, who has been identified as a US-based fraudster.

“That the whereabouts of the said Mr George Edward Cook is unknown and he is likely trying to transfer his ill-gotten funds from the US to Nigeria through the domiciliary account of the suspect.”

Following an ex-parte application by the EFCC, Justice Hassan had earlier made an order for the temporary forfeiture of the $54,000 to the Federal Government.

On Monday, counsel for the EFCC, S.I. Suleiman, said the anti-graft agency had last year August published the interim forfeiture order in a national newspaper for anyone interested to see and come to court.

Suleiman said as no one had come forward to oppose the application for the permanent forfeiture of the funds, the judge should order same forfeited to the Federal Government.

After hearing the lawyer out, Justice Hassan fixed March 27 for judgment.

 

Legal News AddThis :  Original Author :  SaharaReporters, New York Disable advertisements : 

from All Content
via

Comments

Popular posts from this blog

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...