Court Orders Forfeiture Of N449.7m Stashed In Lagos Shop

A Federal High Court sitting in Lagos, on Wednesday, ordered an interim forfeiture of  N449. 77milion recently uncovered by the Economic and Financial Crimes Commission, EFCC, in a shop at LEGICO Shopping Plaza, Victoria Island, Lagos.

Trial judge in the matter is Justice R.M. Aikwa. The order followed an ex-parte application by Rotimi Oyedepo, an EFCC prosecutor, pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006.

In his ruling, Justice Aikawa ordered anyone interested in the money to appear before him at the next adjourned date to show reason why the money should not be permanently forfeited to the Federal Government.

The judge also directed the commission to publish in any national daily for anyone to show cause within 14 days why the order for the final forfeiture should not be granted.

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