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Message: [QUOTE="Munyaradzi Mafaro, post: 82186, member: 636"] A court just froze over thirty million naira linked to NNPC fraud. The Economic and Financial Crimes Commission secured the interim forfeiture order. Justice Emeka Nwite of the Abuja Federal High Court granted the request. The EFCC lawyer Emenike Mgbemele moved the ex parte application last Friday. The judge found the application meritorious based on evidence. He ordered the EFCC to publish the forfeiture notice in a newspaper. Interested persons then have fourteen days to contest the seizure. The judge set a date for the commission to report its compliance. The funds sit in a recovery account at United Bank for Africa. Investigators discovered the money probing NNPC officials. A Bureau de Change operator named Adamu Yakubu became involved. Yakubu submitted a ledger showing massive transactions. It revealed over four billion naira sent to various accounts. These transfers followed instructions from FIRS staffer Ibrahim Sani. The balance of thirty point seven million remained with Yakubu. He claimed Sani provided this specific amount. Both men were invited for questioning by the EFCC. Sani admitted to using Yakubu to move money to people. He never verified the source of these considerable funds. Sani later denied owning the thirty million naira in question. Yakubu also disclaimed ownership of those particular funds. The BDC operator issued manager cheques to the EFCC account. The commission insists the money represents proceeds of crime. The court will decide on permanent forfeiture after the publication period. [/QUOTE]

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