Female posing in an office

Abuja Court Orders Forfeiture Of N11.2Billion Linked To Lagos Gov Sanwo-Olu’s Ally Aisha Achimugu, Deposited Under Suspicious Circumstances

The Federal High Court in Lagos has ordered the final forfeiture of $7 million (about ₦11.2 billion at the prevailing exchange rate) to the Federal Government after the funds were discovered to have been deposited in Providus Bank under questionable circumstances. According to investigations, the cash was deposited in raw currency on March 26 and 27,…

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Bank building exterior

Final Forfeiture Ordered For $7m Found In Bank’s Vault

A Federal High Court sitting in Abuja has ordered the final forfeiture of seven million dollars found in the vault of a Providus Bank branch in Ikoyi, Lagos, to the federal government. Justice Emeka Nwite delivered the ruling after the Economic and Financial Crimes Commission (EFCC) filed an application seeking permanent forfeiture of the funds….

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