Court orders permanent forfeiture of cash seized in Ikoyi flat

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

A Federal High Court in Lagos, has ordered a permanent forfeiture of the large sum of money seized by Economic and Financial Crimes Commission (EFCC), from a luxury flat, at Osborne Towers, Ikoyi, Lagos.

The cash including $43.9 million, £27,800 and N23.2 million were seized last April from a safe, hidden in a wall, in the flat.

Justice Muslim Hassan, ordered the permanent forfeiture of the money by EFCC, after dismissing an application filed by a lawyer, Olukoya Ogungbeje, to stop the final forfeiture proceeding, until a panel set up by President Buhari, submits its report.

Buhari, shortly before his medical trip to London, had set up a panel to investigate the circumstances surrounding the seized fund, following the claim to it, by the national intelligence agency and the rivers state government.

Last April 11, the judge had granted an interim order of forfeiture of the money, giving 14 days for anyone having interest in the money to show up.

Dismissing the application, filed by the lawyer to stop the final forfeiture, the judge described the lawyer, as a busybody and an interloper.

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