Court orders forfeiture of Ikoyi apartment where $43.4m was found
A federal high court in Lagos has ordered the temporary forfeiture of Flat 7B Osborne Towers, Ikoyi, Lagos, where the Economic and Financial Crimes Commission (EFCC) found $43.4 million.
Saliu Saidu, a judge, gave the order on Thursday.
The EFCC had identified Folasade Oke, wife of the sacked director-general of the National Intelligence Agency (NIA), as the owner of the flat.
The anti-graft agency said Oke made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.
She was said to have purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Ayodele Oke Junior, were directors.
Payment for the purchase of the flat was said to have been made to one Fine and Country Limited.
The EFCC said 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.
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