MOJEED ADEKUNLE OWOADE, J.C.A.(Delivering the Leading Judgment): This is an Appeal against the decision/Ruling of the Federal High Court, Lagos Judicial Division, delivered on the 26th day of April 2017 in Suit No. FHC/L/CS/640/2017 by Hon. Justice C.M.A. Olatoregun.
The facts of the case are as follows. On the 26th of April 2017:
The Respondent herein filed an application before the Court below, under Section 17 of the Advance Fee Fraud and other Fraud Related Offences Act No. 14 2006 and under Section 44(2) (k) of the 1999 Constitution.
The said application Prayed for:
i. An interim order of this Court, forfeiting the sum of $5,842,316.66 found in the account No. 2110001712 domicile in Skye Bank PLC belonging to the 1st Respondent which sum is reasonably suspected to be proceeds of unlawful activity.
ii. An interim order forfeiting the total sum of N2,421,953,522.78 found in account No. 2022000760 domicile in Eco Bank Plc belonging to La Wari Furniture and Baths Ltd which sum is reasonab…