Abuja Court Orders Forfeiture of $376m Linked to Army General
The sum of $376,120 allegedly linked to Major General Hakeem Otiki is to be forfeited, the Federal High Abuja has ruled.
The order for forfeiture was given Wednesday by the Court following an ex-parte application by the Economic and Financial Crimes Commission.
In her ruling, Justice Ijeoma Ojukwu, after listening to the EFCC lawyer, Ekele Iheanacho, ordered that the Commission should publish the court order so that whoever is interested in the money could come to show proof of its ownership.
She ordered that if after publication the owner did not appear, the money would be forfeited permanently to the federal government.
She gave anyone interested in the money 14 days of the publication to show proof.
EFCC lawyer had in an affidavit said, “That Major General Otiki whilst still in public service acquired Karama BDC Nigeria Ltd. in 2014. Out of the company’s 35, 000, 000 share capital, he had 22, 000, 000 shares.
“Similarly, Maj. General Otiki is also the highest shareholder in Danest Hotel and Suites Nigeria Limited and Daniest Nigeria Ltd.
“The office addresses of the BDC and hotel are respectively in Lagos and Ibadan.”
Otiki is said to be facing Army court martial as a result of the funds.
The judge fixed February 14 for hearing.
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