Court Directs EFCC To Hand Over The Billions Discovered In Ikoyi House To FG

Federal High Court, Lagos, has ordered that the $38million, N23million and £27,000, recovered by the Economic and Financial Crimes Commission (EFCC) in a residential building located at Osborne Towers, Ikoyi, Lagos, be temporarily forfeited to the Nigerian government.

In a ruling presided by Justice Muslim Hassan, he ordered that the funds be handed over to Federal Government pending when the "owner" surfaces to make a court case against the order.

And if no one comes forward, the Billions belong to all Nigerians.

The case was adjourned until May 5, 2017, for further order.