N449m

Court orders permanent forfeiture of N449m discovered by EFCC

by Azeez Adeniyi A Federal High Court in Lagos has ordered the final forfeiture of N449 million recovered by the Economic and Financial Crimes Commission (EFCC) at a bureau de change at Victoria Island. The agency had discovered the money after a tip-off from a whistleblower. According to the EFCC, the fund which was in N500 and N1000 denominations,... Read More

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April 19, 2017

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Court orders forfeiture of N449m discovered in Lagos plaza

by Dolapo Adelana A Federal High Court sitting in Lagos on Wednesday ordered the temporary forfeiture N449m discovered by the Economic and Financial Crimes Commission (EFCC) in a plaza in Victoria Island. Justice Rilawan Aikawa ordered the forfeiture following an ex parte application taken before him by the anti-graft agency. Moses Awolusi, an EFCC investigator... Read More

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