Court orders final forfeiture of Lagos property to FG - Thepodiummedia

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Post published:January 24, 2025
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The Economic and Financial Crimes Commission (EFCC) has secured a major victory in its fight against financial crimes.

On Tuesday, January 21, 2025, Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos, ordered the final forfeiture of a U-shaped two-storey building in Lagos to the Federal Government of Nigeria.

The property, situated in the premises of Goodwill Private Schools, Ikorodu, Lagos State, was suspected to have been acquired with proceeds of unlawful activities.

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The EFCC obtained an interim forfeiture order on November 8, 2024, and published the order in The Punch newspaper on December 9, 2024, inviting interested parties to show cause why the property should not be forfeited.

With no objections received, the court granted the EFCC’s motion for final forfeiture, ordering the property to be forfeited to the federal government.

According to the Head of Media and Publicity, EFCC, Dele Oyewale, “The judge gave the order following a motion ex parte dated January 8, 2025, and filed by the Economic and Financial Crimes Commission, EFCC, through its counsel, Hannatu Kofar-Naisa.

“The court had, on November 8, 2024, granted an interim forfeiture order of the property and also directed the publication of the same in a national newspaper for any interested party to show cause why the property should not be finally forfeited to the Federal Government.

“Moving the motion for the final forfeiture order at Tuesday’s sitting, counsel to the EFCC told the court that the property was reasonably suspected to have been acquired with proceeds of unlawful activities.

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“Kofar-Naisa also told the court that the Commission published the interim forfeiture order in The Punch newspaper on December 9, 2024, for any interested party to show cause why the final order of forfeiture should not be made in favour of the Federal Government of Nigeria.

“Justice Owoeye, after listening to the submissions by Kofar-Naisa, ordered the final forfeiture of the property to the Federal Government of Nigeria.”

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He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

In 2007, he was recruited as the Head of Corporate Planning and Strategy for the Nigerian Aviation Handling company. He led on the branding, strategic planning and stakeholder management support function.

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Ademola obtained a M.Sc. Degree in Digital Marketing & Web Analytics from Dublin Institute of Technology in 2016, and the Master of Communication Arts degree of the University of Ibadan in 1997. He had previously obtained a Higher National Diploma (with Upper Credit) in Mass Communication from Ogun State Polytechnic, Abeokuta.

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