December 3, 2024 10:07 pmThe Economic and Financial Crimes Commission says the company linked to the forfeited estate in Abuja has denied ownership of the property.the final forfeiture of an estate in the federal capital territory .
Dele Oyewale, the EFCC spokesperson, said the recovery was the agency’s largest since its inception in 2003.However, the anti-graft agency did not immediately name the owner of the property—a development that many Nigerians criticised.The EFCC spokesperson said the criticism that trailed the forfeiture of the estate is “unacceptable”.
“The allegation of a cover-up of the identity of the promoters of the estate stands logic on its head in the sense that the proceedings for the forfeiture of the estate were in line with section 17 of the Advance Fee Fraud Act, which is a civil proceeding that allows for action-in-rem rather than action-in-personam,” the statement reads.
“The proceedings that yielded the final forfeiture of the estate were products of actionable intelligence available to the commission.