Court orders final forfeiture of $43m, £27,800, N23.2m EFCC recovered to FG

A Lagos Federal High Court, on Tuesday, granted a final forfeiture of the $43.4m, £27,800 and N23.2m found in Ikoyi apartment by the Economic and Financial Crimes Commission, EFCC, to the Federal Government.

Justice Hassan gave the order after the huge funds remained unclaimed.

Following the discovery of the huge sum, the Rivers State government alleged that it owned the money but never came out to claim ownership.

Recently, the Rivers State Governor, Nyesom Wike had claimed that he had evidence showing that the money belonged to his state and at the right time he will make the evidence public.

Details later…

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