The Federal High Court in Lagos has dismissed the claim of Union Bank Plc to Flat 7B, Osborne Towers, Ikoyi, Lagos.

The court described the bank as a busybody, just as it ordered the permanent forfeiture of the property to the Federal Government.

The flat attracted public attention in April last year when large sums of money – $43,449,947, £27,800 and N23, 218,000 (about N13bn) – were recovered from it.