$43.4m Ikoyi Loot: Court Orders Interim Forfeiture Of Apartment Where Money Was Found

A Federal High Court sitting in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos.

Recall that the flat was where the sums of $43,449,947, £27,800 and N23,218,000 were discovered stashed in iron cabinets and “Ghana-must-go” bags in April.

Justice Saliu Saidu ordered the forfeiture of the building to the Federal Government on Thursday following an ex parte application by the Economic and Financial Crimes Commission.

He thereafter adjourned the case till November 30 to enable interested party to come before the court to show why the property should not be permanently forfeited to the government.

Recall that the anti graft agency had named the wife of the sacked Director General of the Nigeria Intelligence Agency, Mrs. Folashade Oke, as the owner of the flat.

She allegedly made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.

She was said to have purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Master Ayodele Oke Junior, were directors.