13 Apr 2017

UGO .K. Igwe

Court orders forfeiture 0f $43m, £27,800, N23m 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 the Economic and Financial Crimes Commission 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 Federal Government.

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 Federal Government.

UGO .K. Igwe

About UGO .K. Igwe -

I've even gone so far as to verbalize it specifically, time is too precious to waste on trivial arguments and negativities. I'd rather get on to the more fun and rewarding stuff right away!

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