Two Military Officers, Three Firms To Temporarily Forfeit N200m To FG

Ijaw Peoples development Initiative

A Federal High Court sitting in Lagos has ordered that the sum of N200 million allegedly fraudulently warehoused in some commercial banks by two military officers, and their three companies, be temporarily forfeited to the Federal Government of Nigeria, pending the outcome of investigations.

According to the Economic and Financial Crimes Commission (EFCC), the money was fraudulently withdrawn from the Defence Headquarters Over Head Expenses Accounts by the two officers.

The two military officers were identified as Adamu Bello Argungu and John Onimisi Ozigi, while their companies are Falsal & Co Global Services Nigeria Limited; Diamond Head Ventures & Development Company Limited; and Sweetex Bureau De Change Limited.
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