News

AVM, wife forfeit property, N120m, $228,428 to FG

A retired Air Force Chief, Air Vice Marshal Saliu Atawodi and his wife, Winnie, on Wednesday March 16, lost their property and cash, suspected to be proceeds of crime to the Federal Government.

Justice Emeka Anwuli Chikere of a Federal High Court sitting in Abuja ordered the final forfeiture of the property measuring about 57933.69 square metres, controlled by Vector Integrated Services Limited.

The property is located at No 3004 Cadastral Zone E05, Aviation Village District Abuja. The monies include $228,428.16 and N120, 546,042.02.

While ruling on an application brought by Economic and Financial Crimes Commission (EFCC), pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, No14, 2006, Justice Chikere held that the EFCC had proven beyond reasonable doubt that the property and said amount are proceeds of crime as defined by the Money Laundering Prohibition Act of 2011.

NDLEA intercepts counterfeit $4.7m cash, moves suspect to EFCC

The Judge held that, in the absence of any objection to the notice of interim forfeiture which had been published for interested parties to show cause why the assets should not be finally forfeited, the court ordered the final forfeiture of the property and monies to the Federal Government.

Atawodi was a former Chairman of the Presidential Implementation Committee on Maritime Safety and Security (PICOMSS).

The Star

Editor

Recent Posts

Barcelona prepare third bid for Rodri after Man City reject £55m

Spanish giants Barcelona are preparing to submit a third bid to Manchester City for Rodri…

23 minutes ago

Transfer: Arsenal move for Osimhen as Galatasaray set to sign Martinelli

Victor Osimhen's availability has been raised between Arsenal and Galatasaray amid discussions regarding the Turkish…

26 minutes ago

Reactions as Rodri takes commercial flight to UK amid Barcelona talks

Manchester City midfielder Rodri has attracted attention off the pitch after choosing to fly on…

2 hours ago

Recapitalisation: Seven more insurers clear NAICOM’s final hurdle

The National Insurance Commission (NAICOM) has cleared seven additional insurance companies under the ongoing recapitalisation…

2 hours ago

Gumi advocates public funding for marriage of women without suitors

Islamic cleric Sheikh Ahmad Gumi has called for the use of public funds to support…

3 hours ago

Wizkid to headline 2026 Detty December Festival in Lagos

Grammy Award-winning singer Ayodeji Balogun, popularly known as Wizkid, will headline the opening night of…

4 hours ago

This website uses cookies.