A Federal High Court sitting in Abuja, has terminated the charges filed by the Economic and Financial Crimes Commission (EFCC), against the late former Chief of Defence Staff, Alex Badeh, bordering on alleged N3.97bn fraud.
The court presided over by Justice Okon Abang on Monday, ordered that in view of the fact that the first defendant, Badeh, was reported dead, all processes against him were hereby terminated.
Justice Abang, however, in a further amended charge brought by the EFCC found Iyalikam Nigeria Limited, a company owned by the late Badeh, which is now the defendant in the case, guilty of the charges.
Abang ordered that all properties of the company in line with the 10-count amended charge be forfeited to the federal government through the EFCC.
He also ordered that the Corporate Affairs Commission be notified of the ruling.