The late Chief of Defence Staff, Air Chief Marshal Alex Badeh, has forfeited six properties to the Federal Government and $1 million recovered from No.6 Ogun River Str., off Danube Str., Maitama, Abuja, through a plea bargain agreement entered with the Economic and Financial Crimes Commission, (EFCC).
This followed a judgment delivered by Justice Okon Abang, at the Federal High Court, Abuja, yesterday, in a further amended charge brought by the EFCC, where Badeh’s company was made the defendant, following his demise.
The judge held that in view of the plea bargain agreement, the defendant was guilty as charged.
“I have before me a plea bargain agreement duly executed by Iyalikam Nigeria Limited and the EFCC.
“I, hereby, find the defendant guilty and accordingly convict the defendant of the 10-counts further amended charge.
“Having regards to the plea bargain agreement duly executed by the parties, Iyalikam Nigeria Limited is, hereby wound up and the judgment shall be served on the Corporate Affairs Commission; for execution,” the judge said.
Justice Abang also ordered forfeiture of a mansion situated at No. 6 Ogun River Street, off Danube Street, Maitama, Abuja, a shopping mall situated at Plot 1386, Oda Crescent, Cadastral Zone, Wuse II Abuja and duplex located at No.19, Kumasi Crescent, Wuse II Abuja.
Others included a duplex at No. 14 Adzope Crescent, off Kumasi Cresent ,Wuse II, Abuja, Semi-detached duplex at No. 8A Embu Street, by Sigma Apartments, Wuse II, Abuja, and $1 million recovered from No. 6 Ogun River Street, off Danube Street, Maitama, Abuja.”
The judge further ordered that in view of the fact that the first defendant, (Badeh) is dead, all processes against him have been terminated.