Tag: Ikoyi Loot
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Ikoyi loot: Court orders final forfeiture of N13bn, apartment to FG
The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of Flat 7B in Osborne Towers, Ikoyi, where large sums of money were found. Justice Saliu Saidu ruled on an application by the Economic and Financial Crimes Commission (EFCC) seeking the flat’s forfeiture. He dismissed an application by Union Bank Plc which…
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13bn Ikoyi loot: Bank kicks as EFCC seeks forfeiture of apartment where money was hidden
The Economic and Financial Crimes Commission (EFCC) on Wednesday urged the Federal High Court in Lagos to order the forfeiture of Flat 7B in Osborne Towers, Ikoyi to the Federal Government. Counsel to the anti-graft agency, Mr Rotimi Oyedepo, prayed the court to refuse an application by Union Bank of Nigeria Plc which seeks to…
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N13bn Ikoyi loot: Bank claims ownership of apartment where money was hidden
Union Bank of Nigeria Plc has claimed ownership of Flat 7B in Osborne Towers, Ikoyi, where large sums of money were found. The sums found in the flat, which were forfeited to the Federal Government on June 6, are $43,449,947 (about N13billion), N23, 218,000 and £27,800 (about N10.6milion). In its pending application, the bank is…