Connect with us

Metro

Bank Fraud: Court Orders Forfeiture Of Cash, Properties

Published

on

Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos, on Friday, ordered the final forfeiture of two properties, several cars and cash to the Federal Government of Nigeria.

According to a statement posted on the official X account of the Economic and Financial Crimes Commission on Friday, the Judge gave the order, following a motion on notice filed by the Lagos Zonal Directorate 1 of the EFCC, through its lawyer, H. U. Kofarnaisa.

Advertisement

In an affidavit deposed by the investigating officer of the EFCC, Sulaiman Muhammad told the court that the commission received a petition from a first-generation bank which complained of a monumental fraud allegedly committed on the account of some of its customers, which totalled N1,403,343,400.

The statement said, “The properties are one unit of a three-bedroom bungalow in Abuja; No. 8, Grace Crescent, Efab Queens Estate, Gwarimpa FCT, Abuja; one Mercedes Benz C300; one gray-coloured BMW 3 Series SUV, and one Black coloured Range Rover 2012.

READ ALSO:Court Sentences Two To Death For Ritual Killing In Ogun

Advertisement

Others are three Toyota Hilux of 2008, 2010 and 2014 models; one black coloured BMW SURXI 2016 and two Range Rover vehicles. Other items forfeited included a cash sum of N326,400,000 and another $480,000.

“Justice Osiagor had earlier ordered the interim forfeiture of the properties and also ordered the publication of the said order in a national newspaper for any interested parties to show cause why they should not be finally forfeited to the Federal Government.”

Moving the application for the final forfeiture on Friday, Kofarnaisa told the court that the application was supported by an affidavit from Muhammad.

Advertisement

In the affidavit, Muhammad stated that the bank subsequently submitted an addendum to the petition dated July 24, 2023, wherein the total sum of N2,007,000,000 was fraudulently stolen from the customers of the bank.

According to him, the bank discovered that some customers’ accounts were debited in a manner other than the pattern familiar to the bank, which led to an internal investigation by the audit unit of the bank.

READ ALSO:Court Orders Lagos LG To Vacate Deeper Life Church Land

Advertisement

He further stated that the investigation revealed that Atus Homes Limited fraudulently received a total sum of N681,200,000 from 126 customers’ accounts in different tranches.

An investigation also revealed that Fav Oil and Gas Limited fraudulently received a cumulative sum of N1,388,000,000 from 429 customers’ accounts in different tranches.

“That the total sum of N887,478,600.00 of the sum fraudulently stolen was transferred to various accounts in other banks. Kofarnaisa, thereafter, submitted that the said accounts warehousing the funds sought to be forfeited received inflows reasonably suspected to be proceeds of unlawful activities and are not proceeds of any legitimate business venture.

Advertisement

“She also told the court that the mastermind of this fraudulent crime had been charged before a Federal High Court and that ‘trial is ongoing.’ After listening to the EFCC counsel, Justice Osiagor held that he found merit in the argument of the applicant and ordered the final forfeiture of the properties to the Federal Government of Nigeria,” the statement added.

(PUNCH)

Advertisement

Metro

Police Arrest Siblings Over Communal Clash In Ondo

Published

on

Ondo State Police Command has arrested two brothers, Ogunsemore Gbadebo and Michael Ogunsemore for their allegedly involvement in a violent communal clash that occurred in Eki/Oboto Community of Ilaje local government area of the State.

LEADERSHIP gathered that the suspects had been locked in a prolonged land dispute with the monarch of the community, Oba Oyetayo Ofoaye of Aboto.

Advertisement

According to the. state’s Police Public Relations Officer (PPRO), Olusola Ayanlade, the matter was first taken to the Okitipupa High Court, which ruled in favour of the monarch.

However, not satisfied with the verdict, the siblings filed an appeal at the Court of Appeal in Akure, where the appellate court again upheld the Oba’s position.

READ ALSO:Job Seekers Protest Alleged Fake Employment Letters For Ondo Teaching Jobs

Advertisement

The PPRO alleged that the brothers resorted to self-help thereafter, recruiting armed thugs to unleash violence on the community rather than accepting the judgement of the Appeal Court.

It was learnt that the attack reportedly perpetrated by the suspects and their gangs, displaced residents, destroyed huts, palm produce, and other valuables, while one Jeremiah Okuntimehin sustained machete injuries in the fracas.

This criminal escalation turned a civil dispute into a grave security threat, prompting swift police intervention,” the PPRO said.

Advertisement

According to the police spokesman, the police launched a coordinated operation that led to the arrest of the brothers – Gbadebo and Michael, who have since been arraigned in court.

READ ALSO:JUST IN: Ex-Ondo SDP Governorship Candidate Dies

He added that efforts were ongoing to track down other fleeing members of the group who took part in the unrest.

Advertisement

Ayanlade stressed that the arrests marked a decisive step in restoring peace to the affected community, warning that communal violence will not be condoned under any guise.

Commissioner of Police in the State, CP Adebowale Lawal cautioned individuals and groups against undermining judicial decisions or taking the law into their own hands, warning that such acts would attract the full weight of the law.

He assured residents of Eki/Oboto and Aboto of adequate police presence and urged them to remain calm, law-abiding, and cooperative with security agencies.

Advertisement

The CP also emphasised that dialogue and peaceful engagement remained the only sustainable means of resolving communal disputes.

Advertisement
Continue Reading

Metro

Foreign Currency Found On Beggars As 40 Evacuated In Kwara

Published

on

The Kwara State government has again evacuated another set of 40 beggars from the street of Ilorin, the state capital.

The evacuation of beggars was carried out by the officials of the Ministry of Social Welfare and Development in collaboration with operatives of the Nigerian Correctional Services (NCS), Kwara State Command.

Advertisement

During a search conducted on the beggars, a foreign currency (US dollar) was found on one of them, Musa Mahmuda, who claimed to be from Kano State.

READ ALSO:Bandits Invade Kwara Community, Kill One, Kidnap Eight Others

A sharp knife was found in the possession of another beggar.

Advertisement

Seven of the evacuees were second term offenders, having been arrested during a previous evacuation excercise but they returned to the streets again.

The operation was conducted at Tipper Garage in Tanke, Offa garage and Garin Alimi areas – all in Ilorin metropolis.

The Commissioner for social Welfare and Development, Dr Mariam Imam, expressed delight that the excercise was yielding the desired results, saying the number of those evacuated from the streets in the latest exercise has “dratically reduced from 94 arrested during the last time to 40”.

Advertisement

READ ALSO:Police Arrest Man For Allegedly Dismembering Pregnant Sister-in-law In Kwara

She said the ministry’s evacuation team was changing its “strategy as the beggars too were changing their tactics and locations to evade being evacuated from the streets.”

She implored those patronising the beggars to stop doing so and channel their offerings through religious organisations, orphanages and places of worship, reiterating that street begging has been outlawed in the state.

Advertisement

The head, Non-custodian Centre, Nigerian Correctional Services, Kwara State Command, Adebayo Okunola, said the appropriate punitive measures will be meted out to the arrested beggars to serve as deterrence to them and others.

We will make sure that they clean the streets, they will sweep the streets so that they will know that there is dignity in labour,” he stated.

Advertisement
Continue Reading

Metro

NDLEA Arrests Indian Businessman, 3 Others Over Alleged Trafficking Of N3.9bn Tramadol

Published

on

The National Drug Law Enforcement Agency (NDLEA) has arrested an Indian businessman, Gupta Ravi Kumar, alongside three Nigerian accomplices in connection with the seizure of 2,248,000 pills of tramadol 200mg/225mg.

Kumar was apprehended alongside Ogunlana Noah Olanrewaju, Olushola Idrees Kayode and Bakare Korede Muheeb at the Murtala Muhammed International Airport (MMIA) Ikeja Lagos.

Advertisement

The tramadol shipment worth N3,990,000,000 in street value was imported from Delhi, India, disguised as multi-vitamins in 114 cartons and arrived the import shed of the Lagos airport on an Ethiopian Airline flight on Monday 8th September 2025.

NDLEA’s spokesperson, Femi Babafemi said a team of NDLEA officers who had put the consignment under surveillance, swooped on a clearing agent and two drivers who were trying to move the shipment out of the airport in two trucks on Thursday, September 11th.

READ ALSO:NDLEA Arrests 26, Recovers 41,410.53 KG Drugs In Edo

Advertisement

Babafemi said a follow-up operation the following day, Friday, led to the arrest of the Kumar, when he was trying to take delivery of the consignment.

At the Terminal 2 departure of the airport, NDLEA operatives on Sunday, September 7, intercepted a passenger Onyeganochi Stanley Ifeanyi while travelling on a Qatar Airline flight to Doha.

“A search of his bag led to the recovery of 900grams of skunk, a strain of cannabis concealed in crayfish. As a first-time traveler, Onyeganochi claimed the bag was given to him to help take to Doha by a Qatar-based Nigerian Ohaodiegwu Anthony Uchenna who actually followed him to the airport.

Advertisement

“His confession led to the arrest of Uchenna who was still within view. Operatives who later conducted a search of Uchenna’s hotel room in Ajao Estate discovered additional 200grams of the same psychoactive substance.

READ ALSO:NDLEA Busts Cartel, Recovers ₦6.4bn Drugs From Kingpins

He claimed he was to return to Doha days later and pick the bag from the unsuspecting Onyeganochi if he had succeeded in escaping security checks,” the NDLEA said.

Advertisement

Meanwhile, at the Tincan Port in Lagos, a total of 161 parcels of Canadian Loud, a strain of cannabis weighing 81.7kg and 1.2kg hashish oil were recovered from a 40ft container of vehicle spare parts and used vehicles imported from Montreal Canada during a joint examination of the shipment on Tuesday 9th September.

Two suspects including John Ochigbo, 53, and Okeke Kingsley, 26, were arrested in connection with the seizure.

READ ALSO:NDLEA Arrests Widow Using Fake Pregnancy To Traffic Cocaine

Advertisement

Another shipment of Canadian Loud with a total weight of 65kg was tracked from the port to Third Mainland bridge where NDLEA operatives intercepted a Toyota Sienna vehicle conveying the consignment, recovered it and arrested the driver Abubakar Ibrahim, 42 on Thursday 11th September.

Two separate shipments of methamphetamine concealed in picture frame and Loud, hidden in video players were seized at two courier companies in Lagos on Monday 8th and Thursday 11th September respectively by NDLEA operatives.

Advertisement
Continue Reading

Trending