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Federal High Court Orders Interim Forfeiture Of Spiralfoss’s N2.7Billion To FG

Federal High Court Orders Interim Forfeiture Of Spiralfoss’s N2.7Billion To FG—-The Genius Media Nigeria reports that Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos has ordered the interim forfeiture of the sum of N2.7 billion recovered from the account of Spiralfoss Limited.

Justice Ringim gave the order following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC)

Moving the application on September 10, the prosecution counsel, Chinenye Okezie, told the court that the money was domiciled in Fidelity Bank Plc account number: 5080102755.

Okezie also sought the forfeiture of a black bulletproof Audi Model ABL W12 Quatro with registration number: BDG529GJ, traced to Spiralfoss Limited.

The prosecution counsel urged the court to order the interim forfeiture of the fund and vehicle to the Federal Government.

Consequently, Justice Ringim granted the application and ordered the interim forfeiture of the money and vehicle.

He also directed the publication of the order in any national newspaper for interested parties to appear before the court within 14 days, to show cause why the final order of forfeiture should not be made in favour of the Federal Government.


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