A Federal High Court in Lagos has reserved judgment till January 19 in the suit seeking the final forfeiture of a residence located at 7b Osborne Road, Ikoyi, Lagos.
The residence was where both local and foreign currencies were uncovered last year by operatives of the Economic and Financial Crimes Commission (EFCC).
The property of suspected to belong to Ayo Oke Folashade, wife of the sacked Director General of the National Intelligence Agency (NIA).
The anti-graft agency uncovered 444,000 dollars, 28,000 Euros and N23 billion in the said property.
The court had in June last year ordered permanent forfeiture of the funds recovered from the said property.
However, on Wednesday, Justice Saliu Saidu reserved judgment on final forfeiture of the residence after counsel to EFCC, Rotimi Oyedepo, moved a motion seeking final forfeiture of the property.
The EFCC argued that Folashade Oke acquired the property in dubious and controversial circumstances, submitting that it be permanently forfeited to the Federal government.
He moved in terms of his application and urged the court to grant the prayers sought.
Justice Saidu then reserved judgment in the suit until January 19, 2018.
Justice Muslim Hassan, a brother judge of same court, had in June 2017, ordered permanent forfeiture of the funds uncovered in the residence, as no interested party came forward to lay claims.
The court held that such sums of money ought to have gone through financial institution, rather than being kept in a house.