EFCC Secures Final Forfeiture of N204.8m, 15 Properties for Fraud Victims

The Economic and Financial Crimes Commission, EFCC on Monday June 10, 2024 secured the final forfeiture of  the sum of N204, 849, 859:00 (Two Hundred and Four Million, Eight Hundred and Forty-nine Thousand, Eight Hundred and Fifty-nine Naira), 15 properties and eight high-end vehicles before Justice Inyang.E. Ekwo of the Federal High Court, Maitama, Abuja for  fraud victims.

Asaba, Oshimili South L.G.A, Delta State; four bedroom terrace duplex located on Plot No. 18A Block S, Core Area, Federal Sites and Services Scheme, Federal Housing Estate (Malaysian Estate), Benin – Asaba Expressway Asaba, Oshimili South L.G.A, Delta State, and Sub-plot No. TRCD29/Plot No. 4851 located on Citiscape Villa, Guzape District, Cadastral Zone A09, FCT.

The eight vehicles include: one white SLK 350 Mercedes Benz; one black Selverado 4x4 Hilux; one Hummer Jeep, H3 black; BMW X6 Wine Red SUV; one black CLS 63 Mercedes Benz; one cobalt ITZ Chevrolet saloon, a BMW Z40 IL black and white, and one Mercedes Benz G-Wagon SUV, Chassis No. WDCYC7AFZAX183776 (BLACK).

had power to investigate and prosecute it by virtue of Section 6 of its Establishment Act.” The judge further held that the EFCC through its counsel Buba convinced the court that the money, properties and vehicles were proceeds of crime.  He thereafter ordered them to be finally forfeited to the victims through the Federal Government.