Find the latest bookmaker offers available across all uk gambling sites www.bets.zone Read the reviews and compare sites to quickly discover the perfect account for you.
Tuesday , 26 September 2017

Court orders over N13 billion Ikoyi money forfeited to govt

The Federal High Court in Lagos has granted the request of the Economic and Financial Crimes Commission, EFCC, that the $43,449,947, £27,800 and N23,218,000 recovered from an Ikoyi, Lagos, apartment be forfeited to the federal government.

The total value of the money at the Central Bank official exchange rate is over N13 billion.

The EFCC recovered the huge cash, presumed to have been looted, on Wednesday from an Osborne Street, Ikoyi apartment in Lagos State.

The anti-graft agency said it acted following a tip from a whistle-blower.

In his ruling, Justice Muslim Hassan ordered temporary forfeiture of the money to the government.

He adjourned further proceedings to May 5 for anyone interested or wishing to claim the money to make case why the money should not be permanently forfeited to the government.

About Younews Ng

Check Also

uzoka UBA

UBA wins Interswitch awards

United Bank for Africa (UBA) Plc has emerged best institution in two esteemed categories at ...

Leave a Reply

Your email address will not be published. Required fields are marked *