Money laundering: Court reserves judgment in forfeiture of residence until Jan. 19

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The dollars found in Osborne apartment Ikoyi house. A whistle blower exposed the money

A Federal High Court in Lagos on Wednesday reserved judgment in suit seeking final forfeiture of a residence located at 7b Osborne road, Ikoyi, Lagos, until Jan. 19.

The residence was where both local and foreign currencies were uncovered by Economic and Financial Crimes Commission (EFCC) in 2017.

It was said to be the property of Ayo Oke Folashade, wife of suspended Director General of the National Intelligence Agency.

The anti-graft agency uncovered 444,000 dollars, 28,000 Euros and N23 billion in the said property.

The court had consequently in June 2017, ordered permanent forfeiture of the funds from the said property.

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However, on Wednesday, Justice Saliu Saidu, reserved judgment on final forfeiture…



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