12 July 2018

Nigeria: Two Military Officers, Three Firms Temporarily Forfeit N200M to Govt

A federal High Court in Lagos, yesterday ordered that two military officers and their firms temporarily forfeits N200 million to the Federal Government.

The money was said to have been fraudulently warehoused in some commercial banks, and would remain seized until investigation is completed on it.

The Economic and Financial Crimes Commission (EFCC) said the accused fraudulently withdrew the money from the Defence Headquarters' over-head expenses accounts.

The two officers are Adamu Bello Argungu and John Onimisi Ozigi, while their companies are Falsal & Co Global Services Nigeria Limited, Diamond Head Ventures & Development Company Limited and Sweetex Bureau De Change Limited.

Trial judge, Sule Hassan, gave the ruling after listening to the submissions of counsel to the EFCC, Mr. Nkereuwem Mark Anana.

The counsel had moved the order in an exparte application marked FHC/L/CS/1094/18.

An EFCC operative, Clever Ibrahim, in an 18-paragraph affidavit he deposed to, averred that the two military officers, Argungu and Ozigi are of the Nigerian Army and Air Force.

Nigeria

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