A Federal High Court in Abuja has ordered the temporary takeover of N30.7 million linked to an alleged fraud case involving officials of the Nigerian National Petroleum Company Limited.
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The order was granted on Monday by Justice Emeka Nwite following an application filed by the Economic and Financial Crimes Commission during an ongoing investigation into suspected financial misconduct.
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The money was traced to transactions uncovered during probes into alleged illegal dealings involving senior figures connected to NNPC and other petitions received by the anti-graft agency.
The EFCC told the court that the funds were found in the custody of a Bureau De Change operator after a review of banking records and transaction logs linked to large cash movements directed by a public servant.
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Investigators said the funds are believed to be part of proceeds from unlawful activities, prompting the court to approve an interim forfeiture while giving interested parties time to challenge the action.
Justice Nwite ordered the forfeiture notice to be published in a national newspaper and gave a 14-day window for any claim, while the case was adjourned to January 22 for a progress report.
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