Court orders final forfeiture of Osborne flat cash

A Federal High Court in Lagos presided over by Justice Muslim Hassan has ordered the final forfeiture of the money ceased by the Economic and Financial Crime Commission from Osborne flats, Ikoyi, Lagos.

In a ruling on Tuesday, the Judge ordered that the sums of; $43m, 27,0000 pounds and N23m be paid into the federal government account since nobody came forward to claim the money.

The court had earlier ordered a temporary forfeiture of the money following an application by the EFCC.

Hassan held that the monies were suspected proceeds of criminal activity consistent with the claims of the anti-graft agency.

He also pointed to the fact that no one showed up in court to claim the controversial amounts of money, gave credence to the claim of the EFCC.

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The monies in question were discovered in April by the Economic and Financial Crimes Commission (EFCC) following a tip-off from a whistle-blower.