Published On: Thu, Apr 20th, 2017

Nigeria seizes millions uncovered from shops

EFCC Nigeria

EFCC Nigeria

LAGOS, (CAJ News) – A FEDERAL High Court in Nigeria has ordered an interim forfeiture of over N449,7 million (US$1,45 million) anti-corruption agencies recently uncovered at shops in the commercial city of Lagos.
The Economic and Financial Crimes Commission (EFCC) uncovered the money at Legico Shopping Plaza, Victoria Island after receiving a whistle-blower confidential alert on April 7.
The identities of the owners of the two shops that bore signages of Bureau De Change, could not be immediately known when operatives of the
commission stormed the plaza.
The money, which was stashed in several bags, were in N500 and N1000
denominations.
The order by the courts followed a motion ex-parte filed by Rotimi
Oyedepo, a prosecutor with the EFCC pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006.
In his ruling on Wednesday, Justice Rilwan Aikwa, ordered anyone
interested in the money to appear before him at the next adjourned date to argue why the money should not be permanently forfeited to the Federal Government.
The case was adjourned to May 19.
– CAJ News

Featured Video