$50m Ikoyi Loot Court orders forfeiture of money to FG

EFCC official sweats it out while counting cash hid in an Ikoyi apartment

Justice Sule Hassan has ordered the final forfeiture of $43.4m, £27,800, N23.2m recovered from an Ikoyi apartment in April to the federal government on Tuesday, June 6, 2017.

News of the forfeiture first broke with a tweet from the Economic and Financial Crimes Commission (EFCC) on its twitter handle (@officialEFCC), announcing, "Breaking: Justice Hassan Orders Final Forfeiture of $43.4m, £27,800, N23.2m to the Federal Government. Details later."

The loot was recovered by agents of the EFCC in one of the flats in Osborne Towers, Ikoyi, Lagos during a raid on Wednesday, April 12.
More details on the forfeiture will be provided as they are made clear.


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