20170414

Court Directs EFCC To Hand Over The Billions Discovered In Ikoyi House To FG

Federal High Court, Lagos, has ordered that the $38million, N23million and £27,000, recovered by the Economic and Financial Crimes Commission (EFCC) in a residential building located at Osborne Towers, Ikoyi, Lagos, be temporarily forfeited to the Nigerian government.

In a ruling presided by Justice Muslim Hassan, he ordered that the funds be handed over to Federal Government pending when the "owner" surfaces to make a court case against the order.

And if no one comes forward, the Billions belong to all Nigerians.


The case was adjourned until May 5, 2017, for further order.

21 comments:

  1. nawa oooo. money dey dis country sha

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  2. @ least we go reduce how much we (9ja) go borrow dis year

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  3. What is temporal forfeiture, why not permanent, or you want to give the owner enough time to settle some judges backdoor, the next thing you will hear now is Mrs. Ebele own the money and its for her medication. I refuse to give up on this country
    #Believe

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  4. we don read thus one yesterday now

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  5. Oladimeji Seun14 April, 2017 09:03

    Good jurgement.

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  6. I THINK IT SHOULD NOT BE TEMPORAR, IT IS NIGERIA'S MONEY.

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  7. If it belongs to all Nigerians, how will the poor masses on the street benefit from it??? I'm sure it will be re-looted. It's all games.

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  8. Hope the federal government will chanoel these money to where it will be useful.

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  9. Hope the federal government will channel these money to where it will be useful.

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  10. Handing it over to government is the right thing to do

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  11. Nigerian politicians are worse than armed robbers

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