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A Federal High Court in Abuja has ordered the interim freezing and forfeiture of N228.4 million linked to former Abia State Governor Theodore Orji.
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The court’s decision follows claims of money laundering and misappropriation of public funds by the Economic and Financial Crimes Commission (EFCC).
The EFCC alleges that the funds were laundered through a company called Effdee Nigeria Limited, with the complicity of officials from Keystone Bank.
A Federal High Court in Abuja has ordered the interim freezing and forfeiture of N228.4 million linked to former Abia State Governor Theodore Orji.
The court’s decision, delivered by Justice Emeka Nwite, follows claims of money laundering and misappropriation of public funds by the Economic and Financial Crimes Commission (EFCC).
According to the EFCC, the funds were laundered through a company called Effdee Nigeria Limited, with the complicity of officials from Keystone Bank.
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Tahir Ahmed, a litigation officer with the EFCC, alleged in a sworn affidavit that funds were funneled into Effdee Nigeria Limited’s account, where they were subsequently dispersed to various individual accounts before being withdrawn as cash and returned to government officials.
Fadila Yusuf, the EFCC’s lawyer, argued that the funds, suspected to be proceeds of unlawful activities, must be preserved to prevent dissipation while investigations continue.
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