Court Orders EFCC To Forfeit Recovered $43m To FG
A Federal High Court in Lagos, has ordered the Economic and Financial Crimes Commission to temporarily forfeit the sums of $43,449,947, £27,800 and N23,218,000 uncovered from a house in Ikoyi, to the Federal Government.
Recall that the EFCC on Wednesday discovered the foreign currencies and Naira notes.
The monies were found in a four-bedroom apartment on the 7th floor of a residential building at Osborne Towers located at 16, Osborne Road, Ikoyi, Lagos, the commission said in a statement on its Facebook page.
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In his ruling on Thursday, Justice Muslim Hassan held that the owner of the money should appear before him to show cause why the huge sums should not be permanently forfeited to the Federal Government.
The EFCC said the discovery followed an operation triggered by a whistleblower’s alert received by its Lagos office on Wednesday morning.
According to the commission, Preliminary findings, indicated that the funds were proceeds of unlawful activity, adding that investigation into the discovery had started.
At the time of this report, nobody has claimed ownership of the money, despite reports linking the former National Chairman of the Peoples Democratic Party, PDP, Ahmadu Adamu Mu’azu and a former Director of Nigeria National Petroleum Corporation, NNPC, Esther Nnamdi-Ogbue to the sums.
