‘$43.4m Ikoyi cash with CBN’ – Report


Report has emerged that the $43, 449, 947, 000 seized from Osborne Towers in Ikoyi is warehoused in the Central Bank of Nigeria(CBN).

The cash was seized in April 2017  from Flat  7B, No. 16 Osborne Road, Osborne Towers in Ikoyi, Lagos.

Its whereabouts has been in contention with the House of Representatives launching an investigation into it.

The Nation reported that the money is in the CBN.

“Upon interception of the $43, 449, 947, 000, it was deposited with the CBN and receipted pending a forfeiture order by the Federal High Court. The CBN has Recovered Funds Account.

“There was no diversion whatsoever. The cash was with the CBN until it was eventually forfeited.

“The House of Representatives should not embark on a wild goose chase. Every movement of the cash was documented.

“From records, about $286million was released to NIA out of which the $43.4million was intercepted in the affected flat,” the paper quoted a source as saying.

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