The Economic and Financial Crimes Commission says Mrs. Folashade Oke, wife of suspended Director General of National Intelligence Agency, Ambassador Ayo Oke, and their son, Master Ayodele Oke Junior bought 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 anti-graft agency.
EFCC made this assertion before the Federal High Court in Lagos on Friday, where it is seeking an order of final forfeiture of the recovered money to the Federal Government.
It claimed the Mrs. Oke and her son purchased the property in the name of a company, Chobe Ventures Limited, where they are both the only directors.
The payment for the purchase of the flat, EFCC said was made to one Fine and Country Limited.
Mr. Rotimi Oyedepo told the court that the payment was not made through financial institution.
Oyedepo said, “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 Mrs. 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.”
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