Retired Rear Admiral Forfeits N510m To EFCC

A former Director of Navy Accounts, Rear Admiral, Tahir Yusf (retd), has temporarily forfeited N510 million to the Economic and Financial Crimes Commission.
The forfeiture order was made on Wednesday by Justice Ijeoma Ojukwu of the Federal High Court sitting in Abuja.
The N510 million is denominated in naira, dollars and pounds.
The accounts to be affected included Bitmas Enterprises and Tahir Yusuf.
Justice Ojukwu granted the interim forfeiture order after a motion was filed by 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 seeking the permanent forfeiture of the funds which was allegedly stolen from the Nigerian Navy.
Granting the prayers of the EFCC, the court said the order be published in a national newspaper and on the website of the commission.
Ojukwu adjourned till November 28 for further proceedings.