The Federal High Court in Abuja has granted an interim forfeiture order for three properties linked to Uchenna Erondu Jnr., a member of the Abia State House of Assembly, over alleged involvement in a N28 billion money laundering case.
Justice Emeka Nwite issued the ruling on Thursday following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC), represented by counsel C.O. Onu.
The court also directed that the forfeiture notice be published in Daily Trust and on the EFCC website to allow any interested parties to show cause within 14 days why the properties should not be permanently forfeited to the federal government.
The assets in question include two bungalows a four-bedroom and a three-bedroom located at Plot 6/31, Ukaegbu Layout, Umuahia North LGA, Abia State, valued at N409 million and N300 million respectively, and a five-bedroom bungalow in Guzape, Abuja, estimated at N500 million.
According to EFCC affidavits, the properties are suspected to be proceeds of economic and financial crimes including criminal conspiracy, diversion of public funds, abuse of office, and illegal transfers.
The case was initiated based on intelligence reports, and the court has adjourned proceedings to May 26 for a compliance update.
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