Obanikoro and his family, including two wives and two sons, had accused the EFCC of unlawfully invading their houses and confiscating some of their belongings.
The funds were reportedly disbursed in two cash withdrawals between November 2014 and February, 2015 and were ferried in bullion vans to unknown destinations.
Justice Abang in his ruling on Thursday, held that Metuh's application lacks merit, and that the Administration of Criminal Justice Act, ACJA, does not make it mandatory for the court to grant such application.