The Supreme Court of Nigeria, located in Abuja, has announced that it will reserve judgment until June 7, 2024, regarding the final forfeiture suit involving N1,222,384,857.84 (One Billion, Two Hundred and Twenty-Two Million, Three Hundred and Eighty-Four Thousand, Eight Hundred and Fifty-Seven Naira, Eighty-Four Kobo). This case has been brought before the court by Melrose General Services Limited.
The appellant is contesting the decision of the Court of Appeal, which ordered the forfeiture of the aforementioned sum to the Federal Government of Nigeria. It is alleged that this money constitutes proceeds from an unlawful activity related to the Paris Club fund, in which Melrose General Services Limited is purportedly involved.
