• Breaking News

    Friday, 10 March 2017

    Court orders NAMA boss, officials to forfeit N3.4bn, properties

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    Ramon Oladimeji

    Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Friday ordered the temporary forfeiture of sums of N3, 468,933,487.8 and $67, 586.27 found in possession of the Managing Director of the Nigeria Airspace Management Agency, Ibrahim Abdulsalam, and 11 others.

    Also ordered by the judge to be temporarily forfeited to the Federal Government are three petrol stations and a residential building located in Lagos, said to be owned by Abdusalam and others.

    According to court papers, the affected residential building is located at No. 5, Sobo Arobiodu Street, GRA, Ikeja, Lagos; while the three petrol stations are located at Faith Bus Stop, Egbeda – Idimu Road, Lagos; Idi-Oro, Mushin, Lagos; and Alakuko, Lagos, respectively.

    Justice Oguntoyinbo said the monies and the landed properties would remain forfeited to the Federal Government pending the outcome of a criminal charge filed against Abdusalam and others by the Federal Government before Justice Babs Kuewumi of the same court.

    The judge made the order following an ex parte application moved to that effect by a lawyer from the office of the Economic and Financial Crimes Commission, Mr. Modupe Akinkoye.

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