Ladipo Sanusi/
A Federal High Court, Lagos today ordered N206 million to be forfeited to the federal government.
The money belonged to a businesswoman, Akinola Olubunmi Vera and her firm, Vermi Studio Products.
The Economic and Financial Crimes Commission (EFCC) accused the businesswoman and her company of financial fraud.
The court, presided by Justice AbdulAziz Anka, gave the order following an ex-parte application filed and argued before the court by the lawyer to the EFCC, George Chai-Yakua.
In the ex-parte appplication, the anti-graft agency stated that the money was reasonably suspected to be proceeds of fraudulent transaction and crime.
It also told the judge that the sum was domiciled in two First Bank accounts numbered 3100844602 belonging to Vermilion Studio Products and 3011147218 belonging to the businesswoman.
Justice Anka, ordered the money forfeited pending the conclusion of investigation and possible prosecution of the case.
In a supporting affidavit by an investigating officer, Paul Ugema, the anti-agency said it commenced investigation of the matter following a petition against the respondents.
The petition alleged that the respondents diverted over N206 million property belonging to Mooncrest Enterprises Nig Ltd.
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