A three-man panel of the Court of Appeal, Lagos Division, on Wednesday, dismissed the application filed by one Francis Momoh and affirmed the final forfeiture of properties worth N1.8bn recovered from a former Executive Director, Projects, Niger Delta Development Commission, Tuoyo Omatsuli, to the Federal Government.
Others are Plot 1b, Northern Business District, Lekki Scheme 1 and Plot 1, Block 25, Lekki Peninsula Residential Scheme 1, Eti-Osa. But in a judgment read by Justice Daniel Kalio, the appellate court held that Momoh did not place any material before the court “to enable it to disturb the findings of the lower court.”
“Some of the funds were used by Building Associates to buy properties in the name of a company, Don Parker Properties Limited, where Omatsuli had majority shareholding,” Iheanacho had further told the court.
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