The Economic and Financial Crimes Commission (EFCC), yesterday, informed
a Federal High Court Lagos that an Executive Director of First Bank
Plc, Dauda Lawal, laundered funds on behalf of former Minister of
Petroleum Resources, Mrs. Diezani Allison-Madueke.
Counsel to the anti-graft agency, Mr. Rotimi Oyedepo, made the
revelation while responding to a counter-affidavit filed by Lawal
seeking to discharge an interim forfeiture order of the sum of N9.08
billion.
Justice Muslim Hassan had on January 6 this year issued an interim
order of forfeiture of the sum to the Federal Government, following an
exparte application filed by EFCC praying for the relief.
The commission had
made the application on the ground that the fund was linked to the
accused.The court had also issued 14 days to any interested party to
appear and prove the legitimacy of the money, failing which the funds
would be permanently forfeited to the central government.
At the resumed hearing, Mr. Charles Adeogun announced appearance for
Lawal, who is joined as a respondent in the suit, while Oyedepo appeared
for the anti-graft outfit.
He informed the court that in line with its interim orders of January
6, the EFCC had served same on Lawal.He also told the court that the
order was also published in the Independent newspaper of January 12 in
compliance with the orders of the court.
Responding, Adeogun confirmed the position and added that he had
filed a counter-affidavit deposed to by Lawal, challenging the said
forfeiture orders.
Arguing his application, he urged the court to issue an order,
directing a refund of the total sum on the ground that same was obtained
by coercion.
He contended that before such forfeiture orders could be made, two
essential elements must be satisfied namely: “that the property in
question is unclaimed and that such property or fund forms proceeds of
an unlawful act.”
But Oyedepo countered, saying Section 17 of the Advanced Fee Fraud
and other related Offences Act makes a property, reasonably suspected to
be proceeds of crime, forfeitable to the Federal Government.After
listening to their submissions, Justice Hassan subsequently fixed the
16th of next month for judgment.
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