The Federal High Court in Lagos on Wednesday ordered the forfeiture of N28.5million allegedly stolen by a Director of Accounts at the Lagos State Public Works Corporation (LSPWC), Mr. Anifowoshe Alade.
The Economic and Financial Crimes Commission (EFCC) said the sum recovered from him “is reasonably suspected to be proceeds of stealing.”
Justice Rilwan Aikawa ordered the forfeiture of the money and properties recovered from Alade to the Federal Government.
He directed the federal government to transfer the assets to the Lagos State government.
The judge held: “I hereby order that the Federal Government shall take such administrative steps and with reasonable dispatch to ensure that the funds and the properties forfeited to the Federal Government are transmitted to the Lagos State government in view of the evidence before me.”
“The applicant (EFCC) made averments and exhibited documents which have not been controverted by the respondent in the form of a counter-affidavit. These averments are therefore by law deemed admitted.
“I hold that the applicant has met the test for granting of the application for an order of final forfeiture,” the judge held.
The property include six flats of three bedroom, six flats of two bedroom, six flats of one Bedroom at Adewale Osiyeku Street, Offin-Ile Igbogbo, Ikorodu, and four flats of three bedroom duplex at 6, Tunde Gabby Close, Dopemu Area, Pako Bus Stop Agege, all of which EFCC said were “reasonably suspected to have been acquired with the proceeds of theft.”
Others are plot of land at Queen’s Garden Estate, off Lagos-Ibadan Expressway, a semi-detached three bedroom flat and one unit of three bedroom terrace at Cranbel Court, Citiview Estate, Arepo, Ogun State.
EFCC said Alade, being a Director of Account in LSPWC was “the custodian, initiator, first authoriser and final authoriser of the corporation’s internet banking system.”
Alade allegedly incorporated a company called MAJ Anny International Limited, of which he is a director and sole signatory to its account.
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