Tuesday, 6 June 2017

Court Orders Final Forfeiture Of N13b Found In Ikoyi

The Federal High Court in Lagos on Tuesday finally ordered the permanent forfeiture to the Federal Government, the sums of $43,449,947, £27,800 and N23,218,000 recovered from No. 16, Osborne Road,  Flat 7B Osborne Towers, Ikoyi, Lagos.

The funds had been stashed in iron cabinets and “Ghana-must-go” bags in the apartment before they were discovered and recovered on April 11, 2017 by the Economic and Financial Crimes Commission following intelligence information.

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