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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
A Federal High Court in Lagos has ordered the temporary forfeiture of the funds recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in the Ikoyi area of Lagos State.
In his rulingon Thursday, Justice Muslim Hassan ordered that the 38 million dollars, 23 million Naira and 27,000 pounds be temporarily forfeited to the Federal Government of Nigeria.
The judge gave tillMay 5, 2017for any interested party in the funds to show cause why the money should not be permanently forfeited to the Federal Government.
The funds were recoveredon Wednesday, following a whistle-blower’s confidential alert received by the Lagos Office of the anti-graft agency regarding some suspicious movement of bags in and out of the apartment.
The discovery came days after the EFCC announced the recovery of 547,730 euros; 21,090 dollars and 5,648,500 Naira from a Bureau de Change operator in Balogun Market, Lagos.
(Channels TV)
