By Samaila Emmanuel Bzugu
The Economic and Financial Crimes Commission (EFCC) has achieved a significant milestone with the final forfeiture of a massive estate in Abuja, measuring 150,500 square meters and comprising 753 units of duplexes and apartments. This recovery is the largest in the EFCC’s history since its establishment in 2003.
The estate, located on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja, was forfeited to the federal government following a ruling by Justice Jude Onwuegbuzie on Monday, December 2, 2024. The Commission relied on Section 17 of the Advance Fee Fraud And Other Fraud Related Offences Act No 14, 2006, and Section 44 (2) B of the Constitution of the Federal Republic of Nigeria to secure the forfeiture.
The estate, located on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja, was forfeited to the federal government following a ruling by Justice Jude Onwuegbuzie on Monday, December 2
The EFCC’s Executive Chairman, Mr. Ola Olukoyede, emphasized the importance of asset recovery in the fight against corruption and economic crimes. He noted that asset recovery is a crucial instrument in weakening corrupt individuals and depriving them of the proceeds of their crimes.
The recovery of the asset is a testament to the EFCC’s commitment to fighting corruption and economic crimes. It also demonstrates the current administration’s dedication to the anti-corruption war, as emphasized by President Bola Ahmed Tinubu.
