The Federal High Court sitting in Ikoyi, Lagos State, has ordered the interim forfeiture of N31,000,000 and four housing properties linked to one Obiajulu Emeka Emmanuel, who is under investigation for allegedly acquiring assets with proceeds of unlawful activities.
The affected properties include a four-bedroom terrace duplex, a three-bedroom terrace duplex, four units of one-bedroom apartments, and two units of two-bedroom apartments, all located across various parts of Lagos State.
The order was issued on 8 May 2025, following a motion ex parte filed by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, through its counsel, C. C. Okezie.
Moving the application, Okezie told the court that “the application was supported by an eight-paragraph affidavit deposed to by Yusuf Hassan, an investigating officer of the EFCC.”
She added, “The properties were reasonably suspected to have been acquired with proceeds of unlawful activities.”
Justice Alexander Owoeye, having been fully persuaded by the evidence presented before the court, granted the application as prayed.
He directed that “the Commission publish the interim order in any national newspaper.”
This, according to the judge, is to enable any interested person to “appear before the court and show cause why the funds and property should not be finally forfeited to the Federal Government of Nigeria.
