Home Business Fraud Court Orders Interim Forfeiture Of N31m, Four Properties In Lagos
Fraud

Court Orders Interim Forfeiture Of N31m, Four Properties In Lagos

Share
Share

Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on May 8, 2025, ordered the interim forfeiture of the sum of N31,000,000( Thirty One Million Naira only) and four properties linked to one Obiajulu Emeka Emmanuel.

The properties are: a four-bedroom terrace duplex; a three-bedroom terrace duplex; four units of one-bedroom apartments and two units of two bedroom apartments situated in various locations across Lagos State.

The judge gave the order, following a motion ex-parte filed by the Lagos Zonal Directorate 1 of Economic and Financial Crimes Commission, EFCC, through its lawyer, C. C.Okezie.

Moving the application for the interim forfeiture order, Okezie told the court that the application was supported by an eight- paragraph affidavit deposed to by Yusuf Hassan, an investigating officer of the EFCC.

She told the court that the properties were reasonably suspected to have been acquired with proceeds of unlawful activities.

Justice Owoeye, having been fully persuaded with the evidence presented before the court, granted the application as prayed.

The judge also directed the Commission to publish the interim order in any national newspaper to enable any interested person appear before the court and show cause why the funds and property should not be finally forfeited to the Federal Government of Nigeria.

Share
Related Articles

From Trust to Betrayal: Man Jailed in Lagos Over $850,000 Business Fraud

In 2018, when Taeko Omomo agreed to go into business with Obiajulu...

Court Orders N81m Linked to Sterling Bank Fraud to Be Forfeited to FG

BY SUNDAY SAMUEL—Justice Yelim Bogoro of the Federal High Court sitting in...

Alleged N91.7m & N3.4m Fraud:  EFCC Arraigns Four for Theft in Lagos

The Economic and Financial Crimes Commission,  EFCC, Lagos Zonal Directorate 1, has...

EFCC Arrests Man for Alleged Land Fraud in Enugu

Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes...