Court orders forfeiture of N449M found in BDC shop

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Money

The Federal High Court in Lagos on Friday ordered the final forfeiture of the sum of N449,597,000 found in an abandoned Bureau de Change shop in Victoria Island, Lagos by the Economic and Financial Crimes Commission.

The forfeiture order was made by Justice Rilawan Aikawa following a motion on notice taken before him by the anti-graft agency.

The judge ordered that the funds should be forfeited to the Federal Government as no one came forward to claim it.

The judge had earlier on April 19 ordered the temporary forfeiture of the money and adjourned till Friday for one Mohammed Tauheed, who was joined as respondent in the suit, and any other interested party to appear before him to give reasons why the money should be finally forfeited to the Federal Government.

On Friday, counsel for the EFCC, Idris Mohammed, told the judge that the interim order of April 19 had been…

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