The Federal High Court in Kaduna has ordered the temporary forfeiture of N1.373 billion to the Federal Government, following allegations that the funds were diverted into the private account of Indo Kaduna Marts JV Nigeria Limited.
The court order, given by Justice G. M Kabara on February 28, 2025, was sequel to an application filed by the Federal Government on February 14, 2025.
According to court documents, the forfeited amount was recovered into the Independent Corrupt Practices and Other Related Offences Commission (ICPC) recovery account at the Central Bank of Nigeria.
This was part of an ongoing investigation into officials of the Kaduna State Government between 2015 and 2023.
“The forfeited amount was recovered in the course of an ongoing investigation activity against officials of Kaduna State Government,” said a source familiar with the case.
The court has directed the applicant to publish a notice in two national newspapers, inviting individuals or entities with interests in the property to show cause why it should not be permanently forfeited to the Federal Government.
“The defendant is hereby ordered to temporarily forfeit the sum of N1,373,180,510.07 to the Federal Government of Nigeria,” Justice Kabara said in the order.
The case, marked FHC/KD/C5/28/2025, was brought under various laws, including the Advance Fee Fraud and Other Related Offences Act 2006 and the Proceeds of Crime (Recovery and Management) Act, 2022.
The defendant, Indo Kaduna MRTS JV Nigeria Limited, has been charged accordingly.
