Metro

Bank Fraud: Court Orders Forfeiture Of Cash, Properties

Published

3 months ago

July 12, 2025

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.

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.

“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.

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.

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.

“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)

Metro

18-year-old Hangs Self, Police Launch Investigation

Published

8 hours ago

October 5, 2025

Editor

The Benue State Police Command has confirmed the death of an 18-year-old identified as Tersoo Veregh, who allegedly took his own life in Makurdi, the state capital.

According to Zagazola Makama, the deceased’s father, Mr. Veregh Nathaniel, of Iorkyaako Street, High Level area of Makurdi, made the tragic discovery around 2:00 a.m. on October 4, when he stepped out of his room to ease himself and found his son hanging from the ceiling.

Following the report, the Divisional Police Officer (DPO) of ‘B’ Division, Makurdi, led a team of detectives to the scene. The body was photographed and later taken to the Benue State University Teaching Hospital mortuary.

Police authorities said an investigation has commenced to determine the circumstances surrounding the incident.

Metro

Police Intercept Illicit Drugs, Recover Pistols In Delta

Published

8 hours ago

October 5, 2025

Editor

The Delta State Police Command has intercepted a truck loaded with large quantities of suspected illicit drugs.

The truck, with registration number 3BGT 18LG, driven by one Dennis Uruma, a 52-year-old man from Igalamela Local Government Area of Kogi State, was intercepted by a patrol team of the Eagle Net Special Squad, Asaba, led by Commander SP Danyaya Yunusa.

The operation was conducted in synergy with the Office of the Executive Assistant to the Delta State Governor on Illicit Drugs and Human Trafficking.

The driver was arrested after the search, while the counting and measurement of the exhibits are ongoing.

In another development, on October 3, 2025, operatives of the Rapid Response Squad, RRS, led by Commander CSP Nosa Alex, acting on credible intelligence, conducted a targeted raid on a suspected criminal hideout around the Basket Market area of Asaba.

During the operation, three suspects, Rabbi Godwin, 25, Lucky Nanakumo, 20, and David Igwe, 19, were arrested.

A search of the location yielded one fabricated Beretta pistol, which was recovered and secured as evidence.

Again, on October 1, 2025, the DPO ‘B’ Division, Asaba, CSP Edewor Akponegware, led his surveillance team in a swift response to a distress report about a robbery incident around the BONSAAC axis of Asaba, where a female victim was dispossessed of her phone and other valuables at gunpoint by two male suspects.

Working with local vigilantes, the team established a discreet cordon and began a methodical sweep of adjoining streets.

The coordinated push paid off when officers intercepted one suspect, Amara Nwako, 21, a male indigene of Oko, while his accomplice fled into an uncompleted building.

A locally made pistol was recovered during a search of the immediate vicinity. Preliminary findings revealed a possible cult affiliation linking the suspect to a certain Arobaga secret cult.

According to Bright Edafe, the command’s Police Public Relations Officer, all the suspects remain in custody, while a manhunt is underway for the fleeing accomplice.

(DAILY POST)

Metro

NDLEA Intercepts 174 Parcels Of Cocaine Hidden In Body Cream Containers

Published

9 hours ago

October 5, 2025

Editor

The National Drug Law Enforcement Agency (NDLEA) intercepted 174 parcels of cocaine concealed in body cream containers at the Murtala Muhammed International Airport (MMIA) in Lagos.

This operation, which was part of its efforts to dismantle two major drug cartels, led to six separate cocaine shipments destined for the UK. On September 16, NDLEA operatives seized 13.4 kilogrammes of cocaine hidden in cocoa butter containers.

A cargo agent was arrested, directing investigators to 56-year-old Hammed Taofeek Ode, identified as the syndicate leader.

After weeks of intelligence gathering, the NDLEA coordinated with police to apprehend Ode, who had spent over 27 years in various European countries before returning to Nigeria in 2024.

“During his preliminary interview, Alhaji Hammed Ode admitted ownership of the consignment, which he claimed he bought at over N150 million. He described himself as a businessman and real estate developer, ” the statement reads.

In another development, five attempts by a different cartel to export cocaine to the UK were thwarted between September 26 and October 2. On September 26, the NDLEA intercepted 2.1 kg of cocaine hidden in hair cream containers at MMIA, leading to the arrest of Smith David Korede. An additional 1.4 kg of cocaine was recovered from his location.

On October 2, two more suspects, Ogunbiyi Oluseye Taiwo and Popoola Francis Olumuyiwa, were arrested after two UK-bound shipments were seized. In other states, including Kwara, Kaduna, Ogun, Osun, Edo, and Kogi, several suspects were also arrested with varying amounts of tramadol and cannabis.