advertisement

Thurday, April 13, 2017

Court orders forfeiture of $43m, 27,800, N23m found by EFCC to FG


 

Ramon Oladimeji

The Federal High Court in Lagos has ordered the temporary forfeiture of the sums of $43,449,947, 27,800 and N23,218,000 recovered by the Economic and Financial Crimes Commission from an apartment in the Ikoyi area of Lagos on Wednesday.

READ ALSO:How EFCC recovered $43m, 27,000, N23m during house raid

The court, in a ruling on Thursday afternoon by Justice Muslim Hassan, ordered that the funds be temporarily forfeited to the Federal Government.

The judge adjourned till May 5, 2017, for anyone interested in the funds to show up before him to show cause why the money should not be permanently forfeited to the Federal Government.

READ ALSO:Nigerians differ over recovered $43m, 27,000, N23m during house raid by EFCC

Details later…