Court Orders Forfeiture of Properties Belonging to Petroleum Equalisation Fund GM, $899,600 & N150m Cash

Justice Folashade Ogunbanjo Giwa of the Federal High Court, Abuja, on Thursday, October 31, 2019, granted three separate interim forfeiture applications by the EFCC, involving monies and properties. The first involved the sum of $899,600 ( Eight Hundred Ninety-nine Thousand, Six Hundred Dollars), belonging to one Abdallah Suleiman, which was forfeited to the federal government. The money was established to be proceeds of fraudulent activities by the EFCC.