Lagos Court dismisses bank’s bid to claim Ikoyi flat

The Federal High Court in Lagos on Friday dismissed the move by Union Bank Plc to claim Flat 7B, Osborne Towers, Ikoyi, Lagos.

About N13 billion was discovered in the flat in April last year.

The court described the bank as a busybody and ordered the permanent forfeiture of the property to the Federal Government.

The Economic and Financial Crimes Commission (EFCC) claimed the money was stashed away in iron cabinets and “Ghana-must-go” bags in the apartment.


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