Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Court orders forfeiture of funds ‘linked’ to Oyo-Ita

Court orders forfeiture of funds ‘linked’ to Oyo-Ita
September 27
12:26 2019

A federal high court in Abuja has ordered the permanent forfeiture of funds allegedly linked to Winifred Oyo-Ita, former head of service.

According to the PUNCH, the particulars of the case were not read out in the open court when Folashade Ogunbanjo-Giwa, the judge, gave the order.

Oyo-Ita is embroiled in a N3 billion fraud allegation, which Economic and Financial Crimes Commission (EFCC) is investigating.

She has repeatedly denied any wrongdoing.

Advertisement

At the court on Thursday, M.S Abubakar, counsel to the EFCC, said the funds were voluntarily returned to the commission as proceeds of crime.

The counsel said no one has challenged the order of the court when it made a ruling for the temporary forfeiture of the funds.

According to him, the funds have been paid into an account domiciled in the Central Bank of Nigeria (CBN) as soon as it was returned by the suspect.

Advertisement

Oyo-Ita has since resigned her appointment as head of service, and was replaced by Folashade Yemi-Esan.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.