Nigeria: Court Orders Permanent Forfeiture of Ikoyi Billions

7 June 2017

Following the failure of the National Intelligence Agency (NIA) to come forward to lay claim to the ownership of $43,449,947; £27,800 and N23,218,000 (N13.3 billion) discovered by the Economic and Financial Crimes Commission (EFCC) in an Ikoyi apartment on April 12, 2017, Justice Muslim Hassan of the Federal High Court, Lagos, Tuesday ordered the final forfeiture of the cash haul to the federal government.

In his ruling, Justice Hassan upheld the submission by the EFCC counsel, Rotimi Oyedope, and dismissed the application of a private legal practitioner, Olukoya Ogungbeje, which had urged the court to suspend further action in the forfeiture proceedings.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.