EFCC freezes $.1m invested in Bermuda Island by retired civil servant

Over $103,762 invested in Bermuda Island by a famous retired civil servant who is currently facing trial at a Federal High Court in Abuja has been frozen by the Financial crimes watchdog, the Economic and Financial Crimes Commission (EFCC).
According to spokesperson of the anti-graft body, Mr. Wilson Uwujaren the action was based on a court order granted by the high court on Oct. 17, 2012.
He said, “Bermuda Island is an overseas territory of the United Kingdom in the North Atlantic Ocean, located off the east coast of the United States, it is situated around 1,770 km (1,100 miles) Northeast of Miami, Florida.
“The EFCC action is in compliance with Section 6(e) of the EFCC Establishment Act 2004, which empowers the Commission to adopt measures to identify, trace, freeze, confiscate or seize proceeds derived from terrorist activities, economic and financial crimes related offences or the properties the value of which correspond to such proceeds.”
While warning that there would be no hiding place for any Nigerian who wants to get his way to the top illegally, the spokesperson however added that EFCC is currently working with other related units to fish out any perpetrator.
He disclosed that: “One of the three relieves, which were granted to the EFCC by the court, is an order freezing the sum of $103,762.00, being the property of an ex civil servant held in an Investment Vehicle in Bermuda, with an initial deposit of $100,000 (One Hundred Thousand Dollars, a partial redemption of which the Accused /Respondent has requested for.”
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