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N449, 770, 000 found in lagos home to be forfeited to FG

Justice R.M. Aikwa of the Federal High Court sitting in Ikoyi, Lagos, Wednesday ordered an interim forfeiture of the sum of N449, 770, 000 (Four Hundred and Forty-Nine Million, Seven Hundred and  Fifty Thousand Naira) recently uncovered by the Economic and Financial Crimes Commission (EFCC) in a shop at LEGICO Shopping Plaza, Victoria Island.  



The order followed a motion ex-parte filed by Rotimi Oyedepo, a prosecutor with the EFCC pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006. In his ruling, Justice Aikawa ordered anyone interested in the money to appear before him at the next adjourned date to show reason why the money should not be permanently forfeited to the Federal Government.

The Commission was also directed to publish in any national daily for anyone to show cause within 14 days why the order for the final forfeiture should not be granted.
source:LIB

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