Just In: Appeal Court okays forfeiture of N1.4bn money linked to Saraki

The Court of Appeal in Lagos has ordered the final forfeiture of N1.4 billion which was reportedly obtained from the Nigeria Governors’ Forum by Melrose General Services Ltd.

According to the Economic and Financial Crimes (EFCC) the money was obtained by the company under false preteens.

It was reported that the company which is linked to outgoing Senate president, Bukola Saraki, was earlier ordered by Federal High Court Lagos had on April 27, 2018 to forfeit the fun to the anti-graft agency.

Dissatisfied with the judgment, the company sought an appeal but it was dismissed by the superior court.

The statement reads:

Appeal Court Okays Final Forfeiture of N1.4bn Paris Club Refund #Thread The Court of Appeal in Lagos has okayed EFCC's request for final forfeiture of N1.4bn which, Melrose General Services Ltd, obtained from the Nigeria Governors’ Forum, NGF through false claims.

Melrose is allegedly linked to outgoing Senate President, Dr Bukola Saraki, whose two aides- Gbenga Makanjuola & Kolawole Shittu are being prosecuted in respect of the matter. Justice Olatoregun of the Fed High Court Lagos had on April 27, 2018 ordered the final forfeiture.

Dissatisfied with Justice Olatoregun's order, Melrose General Services approached the appellate court asking it to set aside pronouncement of the lower court. But the Court of Appeal dismissed the appeal and resolved the four contentious issues in favour of the EFCC.

Source: Legit.ng