By GRACE CHAILE
The Economic and Financial Crimes Court (EFCC) has ordered the forfeiture of approximately K73 million held in accounts at Eco Bank Zambia belonging to the Nigerian nationals believed to be proceeds of crime.
This money is linked to a money laundering syndicate run by Nigerian nationals. The forfeited amount includes USD2, 589,144.76, £11,161.43, and €200.
The court’s decision was based on the finding that the money in the accounts could have been derived from the commission of a crime.
The companies involved had declared their business as transport, but investigations revealed they had no vehicles registered under CLICK HERE TO READ MORE
