Justice C.J. Aneke of the Federal High Court sitting in Lagos, on Monday, February 10, 2026, ordered the final forfeiture of N178,966,938, multiple landed properties and vehicles reasonably suspected to be proceeds of unlawful activities to the Federal Government of Nigeria.
The judge gave the order following a motion on notice filed by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, in Suit No. FHC/L/MISC/1311/2025.
Justice Aneke had earlier ordered the interim forfeiture of the assets and directed the publication of the order in a national newspaper for any interested party to show cause why the properties should not be finally forfeited to the Federal Government of Nigeria.
Moving the application for the final forfeiture, the EFCC counsel, Zeenat Atiku informed the court that the application was supported by an affidavit deposed to and signed by Isah Yusuf Nadabo, an operative of the EFCC, showing that the funds and properties were traced to Stanley Akaria Chinemerem and are reasonably suspected to be proceeds of unlawful activities.
Also forfeited is a fully detached six-bedroom duplex built on approximately 722.332 square metres at Nnabuenyi Street (formerly described as AMORC), within the Onigbanko Royal Family Land, Abule Oshun, Amuwo Odofin Local Government Area of Lagos State.
The court equally ordered the forfeiture of two undeveloped parcels of land located at Onireke Town, opposite Ojo Barracks, Amuwo Odofin LGA, Lagos State, measuring 667.070 square metres and one plot measuring 60ft by 120ft, respectively.
Two vehicles were also forfeited: a black 2012 Toyota Highlander Jeep with registration number LND 401JC, and a red 2018 Toyota Venza with plate number FCT 998 JX.
The Commission had earlier secured an interim forfeiture order on December 12, 2025, which was published in The Punch newspaper on January 8, 2026, in compliance with the court’s directive. The respondent was also personally served, but no individual or corporate body came forward to contest the forfeiture.
Justice Aneke, after considering the application, held that it had merit and ordered the final forfeiture of the assets to the Federal Government of Nigeria.
