N13bn Ikoyi Loot: Court Orders Final Forfeiture To FG
In April, a whistle-blower alerted operatives of the Economic and Financial Crimes Commission (EFCC) of the $38 million, £27,000 and N23 million which was found in a private apartment on Gerrard Road, Ikoyi, Lagos State.
On Tuesday, Justice Hassan of the Federal High Court, Lagos, ordered the final forfeiture of the cash to the Federal Government.
The EFCC was last month sued by an activist lawyer, identified as Olukoya Ogungbeje.
Ogungbeje, who sued the EFCC at the Federal High Court in Lagos, urged the court not to order the forfeiture of the funds to the Federal Government until the question of the ownership of the funds had been resolved.
He noted that there were claims and counter-claims as to ownership of the money by the Rivers State Government and the National Intelligence Agency.
The lawyer said it would be in the interest of justice for the court to suspend action on the forfeiture proceedings pending the outcome of findings by panel headed by Vice-President Yemi Osinbajo.
The EFCC had on April 13 secured an interim order temporarily forfeiting the money, recovered from No.16, Osborne Road, Osborne Towers, Flat 7B, to the Federal Government.
Justice Muslim Hassan, who made the temporary forfeiture order, had 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