Court Orders Forfeiture Of Ikoyi Flat Where $43.4m Was Recovered
BEVERLY HILLS, November 09, (THEWILL) – The Federal High Court in
Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers,
Ikoyi, Lagos where the sums of $43,449,947, £27,800 and N23,218,000 were
discovered in April.
Justice Saliu Saidu ordered the forfeiture of the building to the Federal Government on Thursday following an ex parte application by the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency had named the wife of the sacked Director General of the Nigeria Intelligence Agency (NIA) Mrs. Folashade Oke, as the owner of the flat saying it found out that Mrs. Oke made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.
The EFCC disclosed that she purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Master Ayodele Oke Junior, were Directors and made payment for the flat to one Fine and Country Limited.
The EFCC stated that Mrs. Oke made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change company, Sulah Petroleum and Gas Limited, which later converted the sums into N360,000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.
Justice Saliu Saidu ordered the forfeiture of the building to the Federal Government on Thursday following an ex parte application by the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency had named the wife of the sacked Director General of the Nigeria Intelligence Agency (NIA) Mrs. Folashade Oke, as the owner of the flat saying it found out that Mrs. Oke made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.
The EFCC disclosed that she purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Master Ayodele Oke Junior, were Directors and made payment for the flat to one Fine and Country Limited.
The EFCC stated that Mrs. Oke made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change company, Sulah Petroleum and Gas Limited, which later converted the sums into N360,000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.
No comments:
Post a Comment