Court Grants Forfeiture Of N450m Found In BDC Shop

A Federal High Court in Lagos has ordered the final forfeiture of N449,597,000 found by the Economic and Financial Crimes Commission in a Bureau de Change shop in Victoria Island, Lagos.

Justice Rilawan Aikawa gave the order after no claimant showed up within the time give to do so. A man, Mohammed Tauheed, who claimed earlier the money was his, failed to press his further despite an advertisement by the EFCC for interested parties to do so.

The judge, Aikawa stated that Tauheed also failed to “file

any process in response to the motion on notice. In the circumstances, I have no option but to grant the application as prayed”.

“Accordingly, I hereby ordered that the sum of N449,597,000 found in possession of the respondent, which sum is reasonably suspected to be proceeds of an unlawful activity, be finally forfeited to the Federal Government.”

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