On Monday, Justice Jude Onwuegbuzie of the FCT High Court gave a forfeiture order filed by the EFCC on a large estate containing 753 houses in Abuja.
The Economic and Financial Crimes Commission, EFCC, through its spokesperson, said this is the largest single asset the EFCC has recovered since it was set up in 2003. It contains about 753 duplexes. The property belongs to a former highly placed individual in the government.
He said, “The road to the final forfeiture of the property was paved by an interim forfeiture order, secured before the same Judge on November 1, 2024.
“The government official which fraudulently built the estate is being investigated by the EFCC. The forfeiture of the asset is an important modality of depriving the suspect of the proceeds of the crime.
“In this instance, the Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006 and Section 44 (2) B of the Constitution of the 199 Constitution of the Federal Republic of Nigeria to push its case.
“The Establishment Act of the Commission places huge emphasis on asset recovery.”
He further quoted Ola Olukoyede, EFCC’s chair, as saying that asset recovery is “pivotal in the fight against corruption and economic and financial crimes and a major disincentive against the corrupt and the fraudulent.”
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