A Federal High Court in Kaduna has ordered the interim forfeiture of N1.37 billion allegedly diverted into the private account of Indo Kaduna Marts JV Nigeria Limited during the tenure of former Kaduna State Governor, Nasir El-Rufai.
Justice G. M. Kabara issued the order on February 28, 2025, following an ex parte application filed by the Federal Government on February 14, 2025.
The court further instructed the applicant to publish a notice in two national newspapers, inviting any interested parties to present reasons why the funds should not be permanently forfeited to the Federal Government.
According to court records, the funds were recovered into the Independent Corrupt Practices and Other Related Offences Commission (ICPC) “recovery account” domiciled with the Central Bank of Nigeria (CBN).
The recovery was made during an ongoing investigation into financial activities involving Kaduna State government officials from 2015 to 2023.
The suit, marked FHC/KD/C5/28/2025, lists the Federal Government as the applicant, while Indo Kaduna MRTS JV Nigeria Limited is the defendant.
The case was filed under relevant provisions of the Advance Fee Fraud and Other Related Offences Act 2006, the Proceeds of Crime (Recovery and Management) Act 2022, and the 1999 Constitution of Nigeria (as amended).
The matter has been adjourned until April 8, 2025, when further proceedings will take place.
