Justice Okon Abang of the Federal High Court in Abuja, has convicted a company, Iyalikam Nigeria limited, connected to the late Chief of Defense Staff Alex Badeh of corruption and money laundering charges.
Justice Abang in a Judgment delivered in the suit filed against late Badeh and his company, by the Economic and Financial Crimes Commission (EFCC) upon conviction, ordered that all properties of the company listed in the charge should be forfeited to the Federal government through the EFCC.
Late Badeh and his company were standing trial on a 14 count charge of criminal breach of trust, money laundering amongst others.
Justice Abang also has terminated the charges filed against the late Air Chief, just as he ordered the winding down of Iyalikam Nigeria limited on the request of his counsel.
The Court’s decision was however predicated on a plea bargain reached by both the defence and prosecution counsel.
The court found Iyalikam Nigeria Limited which is standing trial with late Air Chief Marshal Badeh, guilty of the charges and ordered that all properties in line with the 10-count amended charge be forfeited to the Federal Givernment through the EFCC.
The prosecuting counsel, Oluwaleke Atolagbe at the resumption of the trial informed the court of the agreement by the parties even though the business of the day was for the second defendant to open its defence since the first defendant (Badeh) is now deceased.
Mr. Atolagbe, however, informed the court that in view of an agreement reached between the prosecution and the defense, a further amended charge of 10 counts had been filed as well as a plea bargain agreement.
“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”, justice Abang held.
Justice Abang also ordered that all the belonging to the company be forfeited to the Federal Government;
They include “A mansion situated at No.6 Ogun River Str., off Danube Str., Maitama Abuja.
“A shopping mall situated at Plot 1386, Oda Crescent, Cadastral Zone, Wuse II Abuja.
“A duplex located at No.19, Kumasi Crescent, Wuse II Abuja.
“A duplex at No. 14 Adzope Crescent, off Kumasi Cresent, Wuse II, Abuja.
“Semi-detached duplex at No. 8A Embu Str. by Sigma Apartments Wuse II, Abuja.
“The sum of $1 million recovered from No.6 Ogun River Str., off Danube Str., Maitama, Abuja.”
Air chief Marshal Badeh was killed while returning from his farm in Nassarwa state a few days to opening his defense in his trial.