President Muhammadu Buhari has directed Economic and Financial Crimes Commission (EFCC) to return the $50 million recovered in an Ikoyi apartment to the Central Bank of Nigeria.
NAIJ.com had earlier reported that a sting operation by the anti-graft agency on Wednesday, April 12 in a residential building in the 7th Floor of a four - bedroom apartment at Osborne Towers located at 16, Osborne road Ikoyi led to the recovery of huge cash in different currencies. Bankers were brought in with their counting machines and the total amount was put at $43.4m, £27,800 and N23.2m.
In a ruling on Thursday, April 13, Justice Muslim Hassan of the Federal High Court in Lagos ordered that the funds be handed over to the Federal Government for now. The judge then adjourned the matter till May 5, 2017 for anyone who wants to claim the funds and give reasons why it should not be permanently forfeited to the government to show up before him.
On Friday, April 14, there was report that the National Intelligence agency (NIA) had claimed the monies. According to Sahara Reporters, President Buhari directed the return of the monies to the central bank.
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