August 9, 2025

rules in favour of Sterling bank against EFCC

Business EFCC

Alleged FX Trade: Appeal Court Reverses Forfeiture of N71m, Rules in Favour of Sterling Bank Against EFCC

The Court of Appeal in Lagos has ruled in favour of Sterling Bank Plc in a legal battle against the Economic and Financial Crimes Commission (EFCC) over an alleged illegal foreign exchange transaction, ordering the reversal of a previous forfeiture of N71 million. The appellate court, in a unanimous decision delivered on Wednesday, overturned a

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