The Economic and Financial Crimes Commission (EFCC) is challenging a Federal High Court order restraining it from seizing properties linked to an alleged Ponzi scheme operated by Bliss Multinational Perfections Limited and Bribena.

The court, presided over by Justice Isa H. A. Dashen in Yenagoa, Bayelsa State, granted the order on September 4 without notifying the EFCC, denying it a fair hearing.

The EFCC claims it was not served with court processes and was caught off guard by the judgment. The properties in question are alleged proceeds of a Ponzi scheme that defrauded 123 petitioners of over N2 billion, promising them a 25 percent return on investment.

In a statement, EFCC’s Head of Media and Publicity, Dele Oyewale, emphasized the Commission’s commitment to the rule of law and its determination to bring perpetrators of financial crimes to justice. The EFCC has vowed to appeal the judgment, citing its right to a fair hearing.

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Oyewale stated, “The EFCC was not notified of the judgment date, effectively denying us a fair hearing. We are taking steps to appeal the judgment, which is still within the allowed time. An earlier decision in a similar case involving the same defendants is currently on appeal at the Port Harcourt appellate court.”

The EFCC reaffirmed its commitment to the rule of law and vowed not to willfully violate any court order. The Commission is determined to bring those responsible for the alleged Ponzi scheme to justice.