Court orders forfeiture of Ikoyi apartment where $43m was found

Again, EFCC uncovers huge stash of naira and forex in Ikoyi flat

A Federal High Court in Lagos has ordered a temporary forfeiture to the federal government, a luxury flat in Osborne Towers in Ikoyi, Lagos, where huge fund in local and foreign currencies were uncovered by the Economic and Financial Crimes Commission (EFCC).

The fund, which was purportedly claimed by the National Intelligence Agency (NIA), included $43.4 million, £27,800 and N23.2 million, stashed in a steel cabinet and Ghana-must-go bags last April.

EFCC alleged that the sacked NIA Director General, Ayo Oke, fraudulently converted the fund of the agency.

Justice Saliu Saidu, ordered the temporary forfeiture, while ruling in an ex-parte application filed by EFCC, which named Mrs Folashade Oke, the wife of the sacked Director General of NIA, as the owner of the luxury flat.

EFCC had told the court that Mrs Oke made cash payment of $1.65million between August 25 and September 3, through a company, in which she and her son were directors.

The judge asked anyone laying claim to the luxury flat should do so within 14 days, or it will be permanently forfeited to the federal government.


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