Breaking: Court orders final forfeiture of N13b cash seized from Ikoyi flat to FG

  • Posted on: 6 June 2017
  • By: editor

Justice Hassan of the Federal High Court sitting in Lagos has ordered the final forfeiture of the N13 billion cash seized by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi, to the Federal Government.

  Recall that in April, operatives of the EFCC found $38 million, £27,000 and N23 million in a private residence on Gerrard Road, Ikoyi, Lagos, acting on a tip-off by a whistleblower.
 But the real owner of the flat is yet to be known.