A FEDERAL High court sitting in Ilorin on Thursday has ordered the final forfeiture of Asmau Plaza owed by Rasaq Momonu, Controller, finance and Account Kwara State.

The property valued at N150 million was supposedly acquired through illicit financial proceedings.

Nnaemeka Omewa, the Economic and Financial Crimes Commission, counsel on the case prayed the court to grant the final forfeiture of the property in pursuant to Section 17 of the Advance Fee Fraud and other Fraud Related Offences.

“I urge the Court to grant the motion,” he said.

Justice Sikiru Oyinloye granted the application and resolved all the issues raised in favour of the EFCC, said the commission fulfilled all the necessary requirements.

“The application brought by the EFCC is meritorious and granted; this Honourable Court hereby orders the final forfeiture of the landed property known as Asmau Plaza, Tanke Road, Ilorin, Kwara State to the Federal Government of Nigeria,” he said.

Momonu who is currently facing money laundering is alleged of being complicit in the diversion of state funds.

Evidence shown at court by Musa Gidado, EFCC investigating officer, showed that the accountant used the status of his office to award and inflate contracts for the construction of two classrooms at Ogbondoroko and Obanisuwa Community in Kwara State.

“The respondent who is a Civil Servant that earns less than N100,000 in a month cannot afford to build the house known as Asmau Plaza between 2010 -2012,” Gidado stated.

Momonu, whom the Commission had confronted on all charges, did not dispute the allegations and agreed to the forfeiture of the Asmau Plaza to the Federal Government.

The respondent is expected to appear before Justice Babangana Ashigar of the Federal High Court sitting in Ilorin on September 25, on charges of money laundering.