Metro

Bank Fraud: Court Orders Forfeiture Of Cash, Properties

Published

2 months ago

July 12, 2025

Editor

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

Police Arrest Ex-Soldier, Four Others Over Armed Robbery, Kidnapping In Anambra

Published

8 hours ago

August 28, 2025

Editor

The Anambra State Police Command has confirmed the arrest of five suspected members of a notorious armed robbery and kidnapping syndicate, including a confessed deserter of the Nigerian Army, in Awka, the state capital.

According to a statement issued on Thursday by the Public Relations Officer of the Command, SP Tochukwu Ikenga, the operation was carried out on Wednesday, August 27, 2025, by operatives of the Rapid Response Squad (RRS) in Awkuzu.

Ikenga said the operation was carried out after the Command received intelligence on the abduction of a farmer at Isiagu, Awka.

The victim was reportedly released after an undisclosed amount of ransom was paid.

The police spokesperson said that, acting on credible intelligence, police operatives stormed the gang’s hideout at Notoko, Awka, leading to the arrest of the confessed deserter soldier and four other suspects.

Ikenga identified the suspects as 38-year-old Dominic Oraz, a confessed deserter of the Nigerian Army; 30-year-old Michael Nwobodo; 29-year-old Eze Friday; 23-year-old Uche Okolo, and 29-year-old Chinedu Gilbert.

“Exhibits recovered from the suspects include six automatic pump-action guns, 63 rounds of live cartridges, one microscope, five machetes, one military cap, two police teargas canisters, handcuffs, a robber’s rocket launcher, criminal charms, three Motorola walkie-talkies, one jack knife, one power bank and cash sum of N26,000,” Ikenga stated.

He said that during interrogation, Oraz admitted abandoning the military in November 2024.

Ikenga noted that investigations are ongoing, particularly regarding the deserter soldier, in collaboration with military authorities, to guide further police action and prosecution of all suspects.

He said the Commissioner of Police, CP Ikioye Orutugu, commended the operatives for the operation and urged residents of the state to remain vigilant and to continue to report suspicious activities to the Police for prompt action.

The commissioner also assured Ndi Anambra of the Command’s unwavering commitment to combating violent crimes.

Metro

Police Arrest Ex-Soldier, Four Others Over Armed Robbery, Kidnapping In Anambra

Published

8 hours ago

August 28, 2025

Editor

Ikenga said the operation was carried out after the Command received intelligence on the abduction of a farmer at Isiagu, Awka.

The victim was reportedly released after an undisclosed amount of ransom was paid.

He said that during interrogation, Oraz admitted abandoning the military in November 2024.

Ikenga noted that investigations are ongoing, particularly regarding the deserter soldier, in collaboration with military authorities, to guide further police action and prosecution of all suspects.

The commissioner also assured Ndi Anambra of the Command’s unwavering commitment to combating violent crimes.

Metro

Enugu Vigilantes Beat Young Man To Death Over Alleged Stealing Of Woman’s Clothes

Published

8 hours ago

August 28, 2025

Editor

Members of the Neighbourhood Watch in Amagu Iwollo Oghe community, Ezeagu Local Government Area of Enugu State, have allegedly beaten a young man, Mr. Nosike Madueke, popularly known as Wojuwo, to death over a false theft allegation.

Community sources told SaharaReporters that the vigilante group was led by the Chief Security Officer (CSO) of the community, Mr. Chukwuebuka Hillary Ngwueche, also known as Osuofia.

According to one of the sources, the incident occurred on Monday, August 25, 2025, when the local security men attacked Madueke with “dangerous weapons” after he was accused of stealing a box of clothes belonging to Mrs. Nneka Nwankwo.

The source explained that Nwankwo had earlier hired Madueke and his co-workers to repair or dig her septic tank and soakaway, but later raised an alarm claiming her box of clothes had gone missing.

“Instead of handing Madueke over to the appropriate authority, especially the police, they decided to jointly and severally take the laws into their respective hands by arresting Madueke, dragging him to his house for a search, bringing out his clothes, and burning all the clothes,” the source said.

“They tied Madueke on both his hands and legs and started profusely, taking turns by using offensive weapons such as guns, machetes, and irons, to beat him up till he died.”

“This happened in public at Iwollo Oghe Square. How can a trained CSO and his men kill a whole human being on a mere allegation by a woman of stealing her cloth, which was later found,” the source said.

“The young boy was from Imeziolo, Ezeagu LGA of Enugu State.”

According to another source, this marks the third time residents of Iwollo Oghe, either directly or through its purported security outfits, have been linked to the killing of people from the deceased’s community.

“Sometime in 1987, they shot Hyacinth Adinde with a gun and asked the people of Madueke community to do their worst.

“Also, years later, they killed Engr. Christopher Aniagbaoso, and yet they asked the people of the community to do their worst.

“The people of Iwollo Oghe are in the habit of killing the people of Imeziolo on mere suspicious grounds,” the source alleged.

“We call on the Enugu State command to do justice to this case as information reaching us revealed that the men are on the run after killing the young boy,” the source added.

A video obtained by SaharaReporters showed the deceased being beaten with sticks by men believed to be members of the Neighbourhood Watch, who were seen parading him along a community road.

Moments later in the footage, his lifeless body appeared on the ground, surrounded by residents, some of whom lamented, “See how they killed somebody’s only son for nothing.”

According to a source, the case has since been reported to the State Criminal Investigation Department (SCID) of the Enugu State Police Command.

However, repeated attempts by SaharaReporters to obtain the reaction of the Police Command were unsuccessful.

Calls to the mobile phone of the Command’s spokesperson, DSP Daniel Ndukwe, went unanswered, and a WhatsApp message sent to him also received no response as of the time of filing this report.