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Reading: Court Orders Forfeiture of $43m, £27,800, N23m Recovered by EFCC to FG
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© OKN MEDIA PUBLISHING 2022 - All rights reserved
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Court Orders Forfeiture of $43m, £27,800, N23m Recovered by EFCC to FG

Farouk Mohammed
By Farouk Mohammed
Published: April 13, 2017
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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.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article I Don’t Own the $50m Recovered by EFCC In Lagos Apartment – Former NNPC MD, Esther Nnamdi-Ogbue
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