A Federal High Court in Abuja has ruled that the Economic and Financial Crimes Commission take the possession of the money recovered from the former governor of Bayelsa, Diepreye Alamieseigha as proceeds of corruption.
Justice Adeniyi Ademola struck out Bayelsa State Government’s suit on Tuesday following the application for discontinuance filed by the state government through its Attorney-General.
The fund under contention was said to be in two parts – N1.4bn and $1.3m, which were recovered from Alamieyeseigha upon his conviction by a Federal High Court in Lagos on July 26, 2007.
The state government had mandated the Managing Director of Panic Alert Security System, George Uboh, and a lawyer, Anthony Agbonlahor, to help recover the funds.