The Economic and Financial Crimes Commission, EFCC, on Friday said a woman named Folashade Oke is the owner of Flat 7B, No. 13, Osborne Road, Osborne Towers, Ikoyi, Lagos, where the sums of $43,449,947, £27,800 and N23, 218,000 were recently recovered by the commission.
Folashade is the wife of the suspended Director General of the National Intelligence Agency, Ayo Oke, whose agency had laid claim to the money.
According to the EFCC, Mrs Oke made a cash payment of $1.658m for the purchase of the flat between August 25 and September 3, 2015.
She was said to have purchased the property in the name of a company, Chobe Ventures Limited, to which she and her son, Master Ayodele Oke Junior, were directors.
Payment for the purchase of the flat was said to have been made to one Fine and Country Limited.
The EFCC stated that Mrs Oke made the cash payment in tranches of $700,000, $650,000 and $353,700 to a Bureau de Change company, Sulah Petroleum and Gas Limited, which later converted the sums into N360,000,000 and subsequently paid it to Fine and Country Limited for the purchase of the property.
The EFCC on Friday tendered the receipt issued by Fine and Country Limited to Chobe Ventures Limited as an exhibit before the Federal High Court in Lagos, where it is seeking an order of final forfeiture of the recovered money to the Federal Government.
“The circumstances leading to the discovery of the huge sums stockpiled in Flat 7B, Osborne Towers leaves no one in doubt that the act was pursuant to an unlawful activity.
“The very act of making cash payment of $1.6m without going through any financial institution by Folashade Oke for the acquisition of Flat 7B, Osborne Towers, is a criminal act punishable by the Money Laundering (Prohibition) Amendment Act. I refer My Lord to sections 1(a), 16(d) and 16(2)(b) of the Money Laundering (Prohibition) Amendment Act,” a counsel for the EFCC, Rotimi Oyedepo, told the court on Friday.
In an affidavit filed before the court, a Detective Inspector with the EFCC, Mohammed Chiroma, stated that “Chobe Ventures Limited is not into any business but was merely incorporated to retain proceeds of suspected unlawful activities of Folashade Oke.”
While urging the presiding judge, Justice Muslim Hassan, to order the permanent forfeiture of the funds to the Federal Government, Mr Oyedepo argued that the fact that Flat 7B, Osborne Towers was purchased in a criminal manner, made the N13bn recovered therein “extremely suspicious to be proceeds of unlawful acts.”
The lawyer noted that despite the newspaper advertisement of the initial order of April 13, 2017 temporarily forfeiting the money to the Federal Government, no one showed up in court on Friday to show cause why the money should not be permanently forfeited to the Federal Government.