A Federal High Court in Kaduna has ordered the temporary forfeiture of N1.37 billion allegedly siphoned into a private account linked to Indo Kaduna Marts JV Nigeria Limited.
The ruling, delivered by Justice G.M. Kabara on February 28, 2025, follows an application filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as part of an ongoing probe into financial irregularities involving Kaduna State Government officials from 2015 to 2023.
The court further instructed that a public notice be placed in two national newspapers, inviting any interested parties to show cause why the funds should not be permanently forfeited to the federal government.
Legal documents indicate that the recovered sum has already been deposited into the ICPC recovery account with the Central Bank of Nigeria (CBN). The case, marked FHC/KD/C5/28/2025, invokes provisions of the Advance Fee Fraud Act, the Proceeds of Crime Act, and the Nigerian Constitution.
The matter has been adjourned to April 8, 2025, for further proceedings.
