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Tag Archives: forfeiture

Federal high court orders forfeiture of Ikoyi flat where $43.4m was found

Ikoyi flat

PM NEWS reports that, a Federal high court sitting in Ikoyi, Lagos, Southwest Nigeria on Thursday temporarily forfeited to the Federal Government of Nigeria Flat 7b Osborne Towers, Ikoyi where the sum of $43.4 million and N23,218,000 were recovered by the Economic and Financial Crimes Commission, EFCC sometimes ago. The EFCC had earlier named Mrs Folashade Oke, wife of the ...

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The Act of Abandonment in Real Estate

Abandonment in real estate

Abandonment in real estate can be referred to as the act of surrendering a claim to, or interest in, a particular asset. In some other circles, it is believed to be the permitted withdrawal from a forward contract that is made for the purchase of deliverable securities, and also the act of allowing an option to expire unexercised. Legal Dictionary ...

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