$50m: ‘FG may seize Osborne apartment’

by Azeez Adeniyi

The Economic and Financial Crimes Commission (EFCC) is considering applying for the seizure of apartment 7B at Osborne Towers, Ikoyi, Lagos, where it found the controversial $50 million, The Nation reports.

The agency had already applying for a permanent forfeiture of the funds, stating that no one has come forward to claim it.

A reliable source in EFCC said: “The anti-graft commission will soon initiate moves to seize the apartment 7B in Osborne Towers in line with its mandate.


“The circumstances surrounding the purchase of the apartment have been faulted by this commission at a Federal High Court in Lagos.

“Therefore, we are set to invoke sections 26 and 28 of the EFCC (Establishment) Act 2004.”

“So, we are not only interested in the cash, we want to take over the apartment. But we are awaiting the decision of the committee bring led by the Vice President.”

The EFCC had already alleged that the wife of suspended Director-General of the National Intelligence Agency, Ayo Oke bought the apartment.

It was also gathered that lobbyists have been mounting pressure on Presidency officials for soft landing for Lawal and Oke.

One comment

  1. Who are these lobbyists? Can we know them pls? These are the enemies of this country. They sld be charged to crt as accessories to wit crime.

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