ICPC secures final forfeiture of $.919m to FG

By Shola O’Neil and Deborah Sunday, Port Harcourt

The Independent Corrupt Practices Commission (ICPC) has secured the final forfeiture of $919,202.07 kept in an old generation bank by some officials of the Federal High Court in Port Harcourt, Rivers State.

The commission had earlier secured an interim order in November 2020, after the discovery of the money that was kept in an interest-yielding account of the bank since 2014.

Respondents in the case were the Chief and Deputy Registrars of the court and a local branch of the Union Bank of Nigeria, but they did not contest the matter.

Our reporter learnt that the fund was the proceeds of sale of a confiscated vessel in a Suit No. FHC/PH/CS/446/2011.

ICPC source said the commission stumbled on the fund while investigating a petition, and swiftly move to seize it as ‘an unlawfully acquired property.

The Federal Government through its counsel, Dr. Agada Akogwu applied for and got an interim…

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