Court orders interim forfeiture of $899.900, N304.5m and 15 properties recovered from suspended accountant-general, Idris
A Federal High Court sitting in Abuja has ordered the interim forfeiture of monies and properties recovered from the suspended Accountant General of the Federation, Ahmed Idris, by the Economic and Financial Crimes Commission (EFCC).
It could be recalled that Idris and others are being prosecuted by the EFCC on 14 counts of stealing and money laundering to the tune of N109billion.
The forfeiture which includes the sum of eight hundred and ninty-nine thousand, nine hundred dollars, N304, 490,160.95 and 15 landed properties in Kano and Abuja were recovered from him.
Justice Marriam Hassan gave the order while ruling on a motion exparte filed by the EFCC in which it asked the Court for an Order of interim forfeiture of the properties pending the hearing and determination of the substantive case.
However, the Commission also requested the court to grant among others, an Order approving the interim “management of the assets and properties to it to open an interest yielding account where monies realised from the management of the assets and properties be paid into.
Informant247 further reports that the application was granted 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.
Meanwhile, Nine properties linked to the second respondent, Mohammed Usman were also forfeited in the interim.
