A Federal High Court in Ikoyi, Lagos State, has ordered the permanent seizure of a four-bedroom duplex linked to an ongoing investigation into alleged foreign exchange fraud and money laundering, transferring the property to the Federal Government.
The Economic and Financial Crimes Commission (EFCC) confirmed the development in a statement posted on its official Facebook page on Friday.
According to the EFCC, the property is located at No. 21A, Victory Estate, Ago Palace Way, Ojo Peter Street, Lagos State. It is connected to Chidiebere Onyeoma Okeke, who is currently under investigation for alleged forex fraud and money laundering activities.
The commission explained that the final forfeiture was granted by Justice Dehinde Dipeolu after reviewing an application filed by the anti-graft agency.
The application was brought before the court by the EFCC Lagos Zonal Directorate 1 through its legal representative, H.U. Kofarnaisa.
After hearing the motion, Justice Dipeolu ruled that the EFCC’s request was valid and approved the permanent forfeiture of the property in favour of the Federal Government.
The EFCC added that the decision is part of its continued efforts to trace and recover assets suspected to have been acquired through illegal financial transactions.