The Economic and Financial Crimes Commission (EFCC) has secured a final forfeiture order over two Abuja properties allegedly acquired with proceeds of a N777.2 million fraud.
Justice Deinde Dipeolu of the Federal High Court in Lagos granted the order on Wednesday after hearing an application brought by the anti-graft agency.
The properties include a three-bedroom bungalow at Plot D061, Magoro Drive, Phase 2, City View Estate, Dakwo District, Abuja, and 4.2 hectares of land located at Plots MF 2344, 1980A, 1981A and 1979A, Sabon Lugbe East Extension, Abuja.
The application, numbered FHC/LAG/644/2026, was argued by EFCC counsel, Chinyere Okezie.
The commission said it filed the application pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, Section 44(2)(b) of the 1999 Constitution and the inherent jurisdiction of the court.
In an affidavit sworn to by an EFCC investigator, Ahmed Bello, the commission said its investigation arose from a petition filed by Bolaji Ayorinde Law LLP against Adeseun Adeniyi Olakunle and Omotosho Abraham Aremu.
The petition alleged that the respondents obtained money by false pretence and stole from a complainant.
According to the EFCC, the two men allegedly approached the complainant in 2025 with a purported government-backed land allocation arrangement involving approximately 30,134,189 square metres in Maroko, Lekki 1, Lagos.
The suspects allegedly claimed to have direct links to the Presidency and the Surveyor-General of the Federation and promised to facilitate the federal allocation of the land.
The commission further alleged that Olakunle falsely presented himself as a deputy director in the Lagos State Government and displayed a government identity card to support the claim.
Following the representations, the complainant allegedly transferred N1.5 million on August 19, 2025, N15 million on August 28 and N735 million on September 8 to the suspects.
The EFCC said its investigation later established that N145 million was transferred to Nwadije Tracy Otite on September 16, 2025, for the acquisition of the bungalow.
Another N100 million was allegedly traced to NCR and Associates Ltd on October 9, 2025, in relation to the purchase of the second property.
The commission said those who received the funds were invited and confirmed during the investigation that the properties belonged to the respondents.
The EFCC also informed the court that Justice Dipeolu had earlier granted an interim forfeiture order on June 17, 2026, directing the commission to publish the order to enable interested parties to challenge it.
It said the order was published in The Guardian on July 3, 2026, but no objection was received from the respondents.
Consequently, Okezie asked the court to convert the interim order to a final forfeiture order.
Justice Dipeolu, after considering the application, submissions by counsel and the legal authorities cited, held that the EFCC had established sufficient grounds for the relief sought.
The court therefore granted the application as prayed, making the forfeiture of the two Abuja properties final.
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