Metro
Court winds up firm linked to late Alex Badeh, terminates charges against him
A Federal High Court hearing corruption charges against late former Chief of Defence Staff, Alex Badeh, has dropped all charges against him.
Justice Okon Abang who presided over the matter on Monday said all charges against Badeh by the Economic and Financial Crimes Commission (EFCC) be terminated on grounds that the accused was dead.
He also ruled that a company, Iyalikam Nigeria Limited, along which Bedeh was charged be wound up while all properties belonging to the company be forfeited to the Federal government through the EFCC.
He ordered that the Corporate Affairs Commission (CAC) be notified in the course of execution of the judgement.
“Having regard to the plea bargain and plea duly taken, I hereby find the defendant Iyalikam Nigeria limited guilty.
“The defendant is hereby wound up and this judgement shall be served on the Corporate Affairs Commission (CAC) for necessary action.
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“All properties in line with the 10-count charge are hereby forfeited to the Federal Republic of Nigeria through the Economic and Financial Crimes Commission(EFCC).
“In view of the fact that the first defendant in the original charge is reported dead, all charges against the first defendant are hereby terminated,” he ruled
Mr Badeh was killed by gunmen last year while returning from his farm in Nasarawa State.
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