Nigeria: EFCC Seizes N7 Billion Assets of INEC Dead Director

6 September 2006

Abuja — THE Economic and Financial Crimes Commission (EFCC) has secured a court order, confiscating alleged ill-gotten assets, worth about N7 billion, belonging to a deceased Director of Finance and Supplies of INEC, Pastor Timothy Olufemi Akanni.

The assets include cash in local and foreign currencies; landed properties in choice areas in both Lagos and Abuja; shares in bluechip companies; registered schools, bakeries and expensive cars, among others.

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