HomeCourt room newsIkoyi Cash: Union Bank Challenges Final Forfeiture of Osborne Towers Apartment

Ikoyi Cash: Union Bank Challenges Final Forfeiture of Osborne Towers Apartment

Date:

Union Bank of Nigeria Plc has challenged the permanent forfeiture of the property known as Flat 7b No 16, Osborne Road Ikoyi, Lagos.

It’s the property linked to the dismissed Director General of the National Intelligence Agency, Ambassador Ayo Oke where the EFCC recovered the sums of $43,449,947.00, €27,800 and N23,218,000.00 on the 12th of April, 2017.

At the Federal High Court Sitting in Lagos on Thursday, Union Bank laid claims to the flat and the building which it says came into its possession following a mortgage agreement between the bank, the original owner of the property, former PDP Chairman, Adamu Muazu and Tripple A Properties Investment Ltd.

Tripple A which is believed to be owned by Mr Muazu had allegedly used the property to secure a loan from the Union Bank sometime in 2011.

Source: Channels

Share on

Place your
Advert Here

Are you looking to boost your brand visibility and connect with your target audience? Look no further! Secure prime advertising space in our dedicated section and showcase your products or services to our engaged community.

Related articles:

Tribunal Reserves Judgement in Sylva’s Petition Against Diri, Others

The Bayelsa State Governorship Election Petition Tribunal has reserved...

Court Remands 14 Suspected Cultists in Kwara

An Ilorin Magistrate Court, Kwara State on Wednesday ordered...

Alleged N4bn Theft: Court Releases Obiano’s Passport for Medical Trip

The immediate-past governor of Anambra State, Willie Obiano,  on...

Alleged Police Assault: Court Remands DJ Commissioner Wysei

Popular Disc Jockey, Iwuagwu Patricia Ebere known as DJ...

FG Opposes Kanu’s Request for House Arrest

The Federal High Court in Abuja, on Wednesday, fixed...

Recent Posts: