Galaxy Construction and Transportation Services Limited has accused the Economic and Financial Crimes Commission (EFCC) of abusing court processes to confiscate its property.
By Wandoo Sombo
Galaxy Construction and Transportation Services Limited has accused the Economic and Financial Crimes Commission (EFCC) of abusing court processes to confiscate its property.
The company made the allegation on Friday in a statement while reacting to a Federal High Court Abuja ruling that granted the commission’s prayer for a final forfeiture of several assets of its assets.
In the statement, the company’s Executive Chairman, Mr Babagana Dalori, said that the assets included N335 million cash, a hospital and five filling stations.
Dalori explained that the order was granted by the court in August 2024, but the court directed the commission to abide by certain procedures, including the publication of the assets in national dailies.
He observed that having complied with the court’s directives, the final forfeiture order was lately published by some media outlets.
The chairman, however, described the forfeiture order as illegal.
He claimed that the initial interim forfeiture order previously obtained by the EFCC in respect of the affected properties was set aside by a competent court of coordinate jurisdiction.
This, he said was sequel to a valid and uncontested application he filed.
The he claimed that following the counter-krder, the said properties were sold to settle investment interests.
“Following the setting aside of that order, the properties were lawfully disposed of, in good faith, and used to settle verified debts, well before any second suit was filed by the EFCC.
“At the time of the sale, there was no subsisting legal encumbrance on the said properties.
“Thus, there was no legal basis for describing them as proceeds of crime in any later proceedings,” the statement read in part.
He said that Fadila Yusuf, EFCC’s lawyer handling the case, was fully aware of the development and called on the commission’s leadership to investigate the matter.
