A Federal High Court in Lagos has ordered the final forfeiture of $222,729.86 recovered from two Chinese nationals to the Federal Government. The court’s decision follows an application by the Economic and Financial Crimes Commission (EFCC), which had earlier secured an interim forfeiture order for the funds.
The EFCC had arraigned the Chinese nationals, and during the proceedings, the anti-graft agency presented evidence showing that the funds were proceeds of an unlawful activity. The court, satisfied with the evidence, granted the EFCC’s application for final forfeiture.
The EFCC’s efforts in securing the forfeiture order demonstrate its commitment to combating financial crimes and recovering illicit funds. The court’s decision is a significant step in ensuring that proceeds of crime are repatriated to the government.
The EFCC continues to investigate and prosecute cases of financial crimes, and this development serves as a deterrent to individuals and groups involved in such activities. The court’s order for final forfeiture underscores the government’s resolve to tackle corruption and financial malfeasance.
