Nigeria: Court Orders Forfeiture of Lagos Cash Haul

14 April 2017

A Federal High Court sitting in Lagos, yesterday, ordered temporary forfeiture of the sums of $43million, £27,800 pounds and N23 million recovered by the Economic and Financial Crimes Commission, EFCC, from an apartment in the Ikoyi area of Lagos on Wednesday.

The ruling came as mystery over ownership of the money deepened yesterday, as speculations were rife that the money belonged to a government security agency.

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