Appeal Court Orders Forfeiture Of N1.4bn Obtained By Company Linked To Saraki

 

Senate President Bukola Saraki

 

The Courtroom of Attraction in Lagos, on Friday okayed the request of the Financial and Monetary Crimes Fee (EFCC) for the ultimate forfeiture of N1.4billion which a agency, Melrose Basic Companies Restricted, obtained from the Nigeria Governors’ Discussion board (NGF) by false claims.

 

Melrose is allegedly linked to outgoing Senate President, Dr Bukola Saraki, whose two aides- Gbenga Makanjuola and Kolawole Shittu are being prosecuted by the EFCC in respect of the matter.

 

Justice Cecilia Olatoregun of the Federal Excessive Courtroom in Lagos had on April 27, 2018 ordered the ultimate forfeiture of the mentioned N1.4billion to the Federal Authorities.

 

Dissatisfied with the decision of Justice Olatoregun, Melrose Basic Companies approached the appellate courtroom for redress, asking it to put aside the pronouncement of the decrease courtroom.

 

However in its judgement on the matter on Friday, the Courtroom of Attraction dismissed the enchantment of Melrose (the appellant) and resolved the 4 contentious points in favour of the EFCC (the primary respondent).

 

The appellate courtroom additional held that Melrose enchantment lacked benefit and ordered the agency to pay 100,000 value to the EFCC.

 

The appellate courtroom additionally held that Melrose couldn’t present that the mentioned funds had been lawfully earned by it.

 

It added that part 17 of the Advance Price Fraud Act, 2006, which the EFCC relied on to hunt for the forfeiture of the mentioned funds was constitutional.

 

Based on the Courtroom of Attraction, Melrose was not denied honest listening to within the matter.

 

Justice of the Courtroom of Attraction (JCA), Justice Tijjani Abubakar wrote the lead judgement, Justice E. Tobi delivered the judgment whereas Justice O. A. Obaseki-Adejumo concurred with the decision.

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Lawyer to the Melrose, Mr Olawale Akoni (SAN) argued the enchantment whereas the lawyer to the EFCC, Mr Ekele Iheanacho, appeared for the Fee.

 

The EFCC had claimed that Melrose obtained N3.5bn from the Nigeria Governors’ Discussion board by making false claims.

 

Listed as defendants within the ultimate forfeiture software filed earlier than the Federal Excessive Courtroom had been Melrose Basic Companies Restricted, WASP Networks Restricted and Thebe Wellness Companies.

 

The corporations had been accused of impersonating a consortium of consulting corporations engaged by the NGF for the “verification, reconciliation and recovery of over-deductions on Paris and London Club Loans on the accounts of states and local governments between 1995 and 2002.”

 

However the EFCC insisted that the unique corporations engaged by the Governors’ Discussion board had been GSCL Consulting and Bizplus Consulting Companies Restricted.‎

 

Usman Zakari, the alter ego of Melrose Basic Companies Restricted, Robert Mbonu, made a false illustration to the Governors’ Discussion board, inflicting the discussion board to pay N3.5bn to his firm on December 14, 2016.

 

Zakari mentioned the cash was credited into the Entry Checking account of Melrose Basic Companies Restricted, including that Melrose and others dissipated and laundered about N2.3bn out of the cash between December 15, 2016, and January 20, 2017, leaving a stability of N1.2bn.

 

Zakari mentioned the anti-graft company had additionally recovered N220m out of the laundered sum from WASP Networks Restricted and Thebe Wellness Companies.

 

The EFCC had on October 13, 2017 obtained an interim order from Justice Mojisola Olatoregun, putting a “Post No Debit” order on the accounts containing the N1.2bn and N220m.

 

The Decide had made the order following plea by the lawyer to the EFCC, Mr Ekene Iheanacho, that it could greatest serve the curiosity of justice for Melrose and others to forfeit the N1.4bn briefly to forestall them from dissipating similar.

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The Decide, after granting the interim freezing order in 2018, directed the EFCC to publish the order in a nationwide day by day giving anybody within the funds 14 days to seem earlier than the courtroom to point out trigger why the funds shouldn’t be forfeited completely.

 

Subsequently, one Prince Godwin Maduka and Linas Worldwide Restricted confirmed up earlier than the courtroom, praying individually that the funds needs to be forfeited to them.

 

Maduka claimed that his agency, Udemgaba Maduka & Associates, had been engaged in 2011 as a guide by Zamfara State Authorities to assist the state get well some hanging funds, with an settlement that it could be paid 20 per cent of the recovered funds.

 

He urged the courtroom to forfeit the N1.4bn to his firm to cowl Zamfara State’s alleged indebtedness to him.

 

However the EFCC opposed Maduka, contending that the swimsuit was not a debt restoration swimsuit and that Zamfara State was not a celebration to the swimsuit.

 

In her verdict on the matter, Justice Olatoregun upheld the EFCC’s argument and dismissed Maduka’s claims.

 

By itself half, Linas Worldwide Restricted mentioned it was entitled to the fee of $6m from Nigeria Governors’ Discussion board.

 

However Justice Olatoregun additionally dismissed its declare, holding that the swimsuit was not a debt restoration swimsuit.

 

Having dismissed each claims, the choose ordered the everlasting forfeiture of the N1.4bn to the Federal Authorities.

Supply hyperlink
https://www.tori.ng/news/123554/appeal-court-orders-forfeiture-of-n14bn-obtained-b.html

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Updated: June 1, 2019 — 2:52 pm