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Friday 10 November 2017

Federal High Court siezes Ikoyi cash flat

A Nigerian judge on Thursday ordered the seizure of a flat linked
to the former head of the country’s National Intelligence Agency, after more than $43 million in cash was found during an anti-corruption raid.
Judge Saliu Seidu, sitting at the Federal High Court in Lagos, said the apartment in the upmarket Ikoyi area of the city should be temporarily forfeited to the government, pending any challenge within 14 days.
Acting on a tip-off, agents from Economic and Financial Crimes Commission raided the property on April 12 this year and discovered just under $43.5 million (37.4 million euros, £33.1 million).
Source Guardian Newspaper.

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