Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the final forfeiture of two multimillion-naira landed properties situated in Abuja, the Federal Capital Territory, linked to a self-acclaimed Deputy Director in the Lagos State Government, Adeseun Adeniyi Olakunle, and another person, over allegations that the properties were acquired with proceeds of a ₦777.2 million fraudulent transaction.
![](https://thenigerialawyer.com/wp-content/uploads/2026/09/2026-IDRI-Masterclass.png")
The two properties finally forfeited by the court are 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.
Justice Dipeolu ordered the final forfeiture of the properties following a motion marked FHC/LAG/644/2026, filed and moved by the Economic and Financial Crimes Commission through its lawyer, Chinyere C. Okezie, Esq.
In urging the court to grant the final forfeiture of the properties, Okezie informed the court that the motion was brought pursuant to 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.
She also told the court that the motion was supported by an affidavit deposed to by an EFCC investigator, Ahmed Bello, following a petition received from Bolaji Ayorinde Law LLP against Adeseun Adeniyi Olakunle and Omotosho Abraham Aremu over alleged obtaining by false pretence and stealing.
In the affidavit, the EFCC averred that the two suspects allegedly approached a complainant in 2025 and marketed a purported presidential-backed and federally sanctioned land allocation scheme involving about 30,134,189 square metres of land in Maroko, Lekki Phase 1, Lagos.
The EFCC further stated that the two suspects falsely represented that they had direct connections with the Presidency and the Office of the Surveyor-General of the Federation and could secure a federal allocation of the land.
It added that Olakunle presented himself as a Deputy Director with the Lagos State Government and displayed a government identity card to support the representation.
The EFCC averred that, based on Olakunle’s alleged false claims, the complainant transferred ₦1.5 million on August 19, 2025, ₦15 million on August 28, 2025, and ₦735 million on September 8, 2025, to the two suspects.
The anti-graft agency further stated that its investigation traced ₦145 million to Nwadije Tracy Otite on September 16, 2025, for the purchase of the bungalow, while another ₦100 million was transferred to NCR and Associates Ltd on October 9, 2025, for the second property.
The EFCC said the recipients were invited and allegedly confirmed that the properties belonged to the respondents.
It further stated that the court had, on June 17, 2026, granted an interim forfeiture order and directed the EFCC to publish the order. The order was subsequently published in The Guardian on July 3, 2026.
The EFCC lawyer also informed the court that no objection had been received from the respondents since the interim order was made and published. She therefore urged the court to make the forfeiture final in the interest of justice.
Justice Dipeolu, after listening to the submissions of the EFCC’s lawyer, perusing all the processes filed and considering the legal authorities cited, held that the application had merit and granted it as prayed.
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
