Court hands cash EFCC discovered in Lagos to Federal Govt

The Federal High Court in 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 be temporarily forfeited to the Nigerian government. 

In a ruling presided by Justice Muslim Hassan this afternoon, he ordered that the funds be handed over to the Federal Government pending when the owner surfaces to make a court case against the order. The case was adjourned untilMay 5, 2017.

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