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Breaking News: Court Dismisses Union Bank’s Claim to Ikoyi Flat - Hallo friendsBreaking News Today, In the article you read this time with the title Breaking News: Court Dismisses Union Bank’s Claim to Ikoyi Flat, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Breaking News: Court Dismisses Union Bank’s Claim to Ikoyi Flat
link : Breaking News: Court Dismisses Union Bank’s Claim to Ikoyi Flat

Breaking News: Court Dismisses Union Bank’s Claim to Ikoyi Flat

The flat attracted public attention in April last year when large sums of money - $43,449,947, £27,800 and N23, 218,000 (about N13bn) - were recovered from it.

The Federal High Court in Lagos has dismissed the claim of Union Bank Plc to Flat 7B, Osborne Towers, Ikoyi, Lagos.

The court described the bank as a busybody, just as it ordered the permanent forfeiture of the property to the Federal Government.

The flat attracted public attention in April last year when large sums of money – $43,449,947, £27,800 and N23, 218,000 (about N13bn) – were recovered from it.

The money, according to the Economic and Financial Crimes Commission, was stashed away in iron cabinets and “Ghana-must-go” bags in the apartment.

The anti-graft agency later traced the ownership of the apartment to Mrs. Folashade Oke, the wife of the suspended Director General of the National Intelligence Agency, Ayodele Oke.

It claimed that its investigations revealed that Folashade bought the properties with proceeds of fraud by her husband.

Details later…

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