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As no one has come forward to claim it, court orders forfeiture of the $50m, found by EFCC to FG

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As no one has come forward to claim it, court orders forfeiture of the $50m, found by EFCC to FG


As no one has come forward to claim it, court orders forfeiture of the $50m, found by EFCC to FG

The Federal High Court in Lagos has ordered the temporary forfeiture of the sums of $43,449,947, £27,800 and N23,218,000 recovered by EFCC from an apartment in the Ikoyi area of Lagos on Wednesday.

The court, in a ruling on Thursday afternoon by Justice Muslim Hassan, ordered that the funds be temporarily forfeited to the FG. The judge adjourned till May 5, 2017, for anyone interested in the funds to show up before him to show cause why the money should not be permanently forfeited to the FG.

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