A Federal High Court in Lagos has ordered the final forfeiture of two Abuja properties allegedly linked to Adeseun Adeniyi Olakunle, a self-acclaimed deputy director in Lagos, and another individual in connection with an alleged N777.2 million fraud.
Gatekeepers News reports that Deinde Dipeolu, the judge, granted the order on Wednesday following an application by the Economic and Financial Crimes Commission (EFCC).
The properties comprise a three-bedroom bungalow at Plot D061, Magoro Drive, Phase 2, City View Estate, Dakwo District, Abuja, and 4.2 hectares of land at Plots MF 2344, 1980A, 1981A and 1979A, Sabon Lugbe East Extension, Abuja.
The application, marked FHC/LAG/644/2026, was filed and argued by Chinyere Okezie, counsel to the EFCC.
The anti-graft agency said the application was brought under Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, Section 44(2)(b) of the 1999 Constitution and the inherent jurisdiction of the court.
In an affidavit deposed to by Ahmed Bello, an EFCC investigator, the commission said its investigation followed a petition by Bolaji Ayorinde Law LLP against Olakunle and Omotosho Abraham Aremu over alleged obtaining by false pretence and stealing.
According to the EFCC, the suspects approached a complainant in 2025 with a purported presidential-backed and federally sanctioned land allocation scheme involving about 30,134,189 square metres of land in Maroko, Lekki 1, Lagos.
The commission alleged that the suspects falsely represented that they had direct links to the presidency and the Office of the Surveyor-General of the Federation, enabling them to secure federal allocation of the land.
It further alleged that Olakunle presented himself as a deputy director with the Lagos State Government and displayed a government identity card to reinforce the claim.
The EFCC said the complainant subsequently transferred N1.5 million on August 19, 2025, N15 million on August 28 and N735 million on September 8 to the suspects based on their representations.
The commission said its investigation traced N145 million to Nwadije Tracy Otite on September 16, 2025, for the purchase of the bungalow.
Another N100 million was traced to NCR and Associates Ltd on October 9, 2025, in connection with the purchase of the second property, the EFCC said.
The agency said the recipients were invited for questioning and confirmed that the properties belonged to the respondents.
The EFCC added that Dipeolu had, on June 17, 2026, granted an interim forfeiture order and directed the commission to publish the order.
According to the commission, the order was subsequently published in The Guardian on July 3, 2026.
The EFCC told the court that no objection had been received from the respondents following the publication of the interim forfeiture order.
Okezie consequently urged the court to make the forfeiture order absolute in the interest of justice.
After considering the EFCC’s submissions, the processes filed and the legal authorities cited, Dipeolu held that the application had merit.
The judge subsequently granted the application as prayed, ordering the final forfeiture of the two properties to the federal government.
