Court Orders Forfeiture Of Recovered $43m, £27,800, N23m To FG
Justice Muslim Hassan of the Federal High Court in Lagos yesterday 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, EFCC, from an apartment in the Ikoyi area of Lagos on Wednesday to the federal government.Justice Hassan made the order after listening to an ex-parte application filed by the EFCC through its counsel, Rotimi Oyedepo praying the court that the funds be forfeited to the federal government pending investigation. Oyedepo had told the court that the commission received intelligence report from an undisclosed source that various sums of money was kept in an apartment located at 16, Osborne Road, Ikoyi. The lawyer also told the court that upon the receipt of the information, the anti-graft agency approach the court to obtain a search warrant to enable it conduct a search on the apartment. Oyedepo further submitted that after the search the EFCC recovered the sums of $43,449,94...
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