HomeNewsCourt Orders Final Forfeiture of Lagos Duplex Linked to Alleged Forex Fraud

Court Orders Final Forfeiture of Lagos Duplex Linked to Alleged Forex Fraud

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A Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of a four-bedroom duplex in Lagos State to the Federal Government of Nigeria over alleged foreign exchange fraud and money laundering.

The property, located at No. 21A, Victory Estate, Ago Palace Way, Ojo Peter Street, Lagos, was said to be linked to Chidiebere Onyeoma Okeke, who is currently under investigation by the Economic and Financial Crimes Commission, EFCC.

Justice Dehinde Dipeolu gave the order on Friday, May 8, 2026, following a motion on notice filed by the EFCC through its counsel, H.U. Kofarnaisa.

According to the anti-graft agency, the application was brought by the Lagos Zonal Directorate 1 of the Commission as part of ongoing investigations into alleged foreign exchange fraud and money laundering activities.

“The court ordered the final forfeiture of the property to the Federal Government of Nigeria,” the EFCC stated.

The Commission added that the duplex is believed to be proceeds linked to unlawful financial activities allegedly involving the suspect.

The EFCC reaffirmed its commitment to tracing, recovering, and forfeiting assets suspected to be proceeds of crime in line with its mandate to combat economic and financial crimes in the country.

#Securitynewsalert.com

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