The Nigeria Police Force says it has secured a permanent asset forfeiture order valued at more than ₦2 billion in a fraud and money-laundering case. According to reports, the case involves the police acting through the INTERPOL National Central Bureau (NCB) in Abuja. The police also report that the matter proceeds through the courts, resulting in two separate Federal High Court judgments in Abuja. One aspect of the court rulings supports the investigative authority of the police in the matter, while the other enables the forfeiture of the identified assets. The forfeiture is described as part of the police efforts to recover proceeds linked to alleged financial wrongdoing. The reporting frames the development as a legal step that strengthens enforcement in suspected fraud cases by allowing assets connected to the allegations to be permanently forfeited following court approval. Details of the specific individuals or entities involved are not provided in the excerpts.
Court upholds Nigeria Police asset forfeiture order worth over ₦2bn in fraud case
The Nigeria Police Force says it has secured a permanent asset forfeiture order valued at more than ₦2 billion in a fraud and money-laundering case. According to reports, the case involves the police...
- Nigeria Police secure a permanent asset forfeiture order involving assets worth more than ₦2 billion.
- The case involves alleged fraud and money laundering.
- The police act through the INTERPOL National Central Bureau (NCB) in Abuja.
- Federal High Court in Abuja issues two separate judgments tied to the matter.
- One ruling upholds the police’s investigative powers in connection with the case.
The Nigeria Police Force has secured a permanent forfeiture order for assets valued at over ₦2 billion in a major fraud case, strengthening its fight again Read More: https://punchng.com/police-secure-%e2%82%a62bn-asset-forfeiture-in-major-fraud-case/
2 months agoThe Nigeria Police Force, through the INTERPOL National Central Bureau (NCB), Abuja, has secured two separate Federal High Court judgments in Abuja in cases involving alleged fraud and money laundering. The post Alleged Fraud: Police secure ₦2bn asset forfeiture, court upholds investigative powers appeared first on Vanguard News.
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