Home News FG, firm in court over alleged illegal funds accounts
FG, firm in court over alleged illegal funds accounts
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FG, firm in court over alleged illegal funds accounts

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The Federal Government has obtained a temporary forfeiture order of court against a Global Satellite Mobile services

(GSM) provider, MTN Communications Limited.The firm by the order would forfeit to the government N8 billion in its account number 0012005379 domicile in Ecobank, suspected to be proceed of unlawful activity.

Also affected by the order of the court is another account number 1013607079 containing billions of Naira domicile in Skye bank whose owner has not file any paper before the court to contest ownership.

The suit marked FHC/L/CS/1676/2016 is filed before the Federal High Court, Lagos by an Abuja based lawyer, John Samuel Opeyemi, on behalf of Attorney- General of the Federation (AGF), and an asset recovery agent to the Federal Government of Nigeria, Algaita Group Nigeria Limited.

In an affidavit sworn to by the Managing Director of Algaita Group Limited, Abdullahi Mohammed Maiturare, a former operative of the Economic and Financial Crimes Commission (EFCC), filed and argued before the court by Mr John Samuel Opeyemi, Mr Maiturare averred that the AGF appointed his company Algaita Group Nigeria Limited as Asset Recovery Agent of the Federal Government of Nigeria to track, freeze and recover funds and ensure it is remitted to the designated bank account of the Federal Government of Nigeria through legally permissible means as may be directed by the Attorney General of the Federation.

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