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Supreme Court Orders EFCC To Return N9bn To Ex-First Bank Director

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The supreme court has ordered the Economic and Financial Crimes Commission, EFCC to return  N9 billion it seized from a former executive director of First Bank, Dauda Lawal.

In a unanimous judgment on Friday, a five-man panel led by Muhammed Garba dismissed the appeal filed by the EFCC against the judgment of the court of appeal which asked the anti-graft agency to return the money to the former bank chief.

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The court of appeal, Lagos division, in an appeal dated March 25, 2020, had ordered the said sum to be returned to Lawal.

“The decisions of the federal high court, Coram Judice: Hassan, J. delivered in Suit No: FHC/L/CS/13/2017 on 16th February 2017 are hereby set aside. The order of final forfeiture of the sum of N9,080,000,000.00 (Nine Billion and Eighty Million Naira) to the federal government of Nigeria is hereby set aside. It is hereby ordered that the said sum of N9,080,000,000.00 (Nine Billion and Eighty Million Naira) be returned to the appellant forthwith,” the court ordered.

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In May 2016, the EFCC charged Garba Lawal with money laundering and obtaining monies suspected to be proceeds of crime.

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On October 7, 2020, a federal high court in Lagos discharged and acquitted Lawal of the offences brought against him by the EFCC.

The supreme court held that the order of final forfeiture of N9 billion made against Lawal was set aside and rescinded, and that the said sum be immediately returned to him.

 

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