The Economic and Financial Crimes Commission (EFCC) has lodged an appeal against a Federal High Court ruling that lifted a forfeiture order on $912,550 linked to the former managing director of Warri refinery.
The court had dismissed the EFCC’s asset‑forfeiture proceedings, effectively removing the order that would have seized the money. The commission argues that the judgement was incorrect and seeks to reinstate the forfeiture.
The forfeiture order concerned a sum of $912,550 that the EFCC alleges was connected to the ex‑MD of Warri refinery, a key oil facility in Nigeria. No further details about the circumstances of the alleged wrongdoing were disclosed.
By appealing the decision, the EFCC is continuing its efforts to recover assets it claims were obtained through corrupt practices at the refinery. The case underscores the ongoing scrutiny of the oil sector’s management and financial dealings.
<small>Source: Premium Times Nigeria — read the original story there.</small>
