FEDERAL HIGH COURT FORFEITS FOUR-BEDROOM DUPLEX TO FG OVER ALLEGED FRAUD

May 8, 2026

Read Time:55 Second

By: Fasasi Hammad

A Federal High Court in Ikoyi, Lagos, has ordered the permanent forfeiture of a four-bedroom duplex allegedly connected to foreign exchange fraud and money laundering investigations to the Federal Government.

The development was disclosed by the Economic and Financial Crimes Commission in a statement shared on its verified Facebook page on Friday.

According to the commission, the property, situated at No. 21A, Victory Estate, Ago Palace Way, Ojo Peter Street, Lagos State, is linked to Chidiebere Onyeoma Okeke, who is currently under investigation for alleged foreign exchange fraud and money laundering.

The EFCC stated that Justice Dehinde Dipeolu granted the final forfeiture order after considering an application brought before the court by the agency.

The application was filed by the EFCC Lagos Zonal Directorate 1 through its counsel, H.U. Kofarnaisa.

In his ruling, Justice Dipeolu held that the application had merit and consequently approved the permanent forfeiture of the property to the Federal Government.

The anti-graft agency said the forfeiture forms part of its ongoing efforts to recover assets suspected to have been acquired through illegal financial activities.