Crime
Navy’s ex-account chief forfeits millions to EFCC
A retired Rear Admiral has temporarily forfeited N510m to the Economic and Financial Crimes Commission.
Tahir Yusuf was former Director of Navy Accounts, and the monies he fortefited were in accounts domiciled in Zenith Bank and Skye Bank.
The sum, which is in naira, dollars and pounds, totalled N510m.
Justice Ijeoma Ojukwu of a Federal High Court sitting in Abuja granted the interim forfeiture order after a motion was filed by Mrs Elizabeth Alabi on behalf of the EFCC.
The court had in February granted an ex parte motion filed by the commission seeking the freezing of the seven accounts.
The EFCC approached the court again in November for permanent forfeiture of the funds which was allegedly stolen from the Nigerian Navy.
Granting the prayers of the EFCC, the court said that the order be published in a national newspaper and on the website of the commission.
-
Featured6 days agoOsun 2026: What the battle could signal for 2027 general elections
-
Business1 week agoOPay transactions surge 115% to $358bn as Fintech eyes $4bn US IPO
-
Business7 days agoWho is really benefiting from Nigeria’s economic reforms?
-
Featured6 days agoOsun Election: How poverty turns ₦20,000 into a powerful vote-buying tool
-
Latest6 days agoCoca-Cola faces backlash over alleged AI filter blocking Christian messages
-
Business1 week agoDeep offshore tax order to unlock $50bn investment, boost oil output–Ojulari
-
Business7 days agoPound climbs to N1,837 as Naira holds steady amid stronger FX market liquidity
-
Latest6 days agoOsun poll: Chaos in Ejigbo as voters, INEC officials run for safety


