Justice Deinde Dipeolu of a Federal High Court, Lagos, has ordered the final forfeiture of two multimillion landed properties situated at Abuja, the federal capital territory (FCT) linked to a self-acclaimed Deputy Director in Lagos State, Adeseun Adeniyi Olakunle, and one other, for being acquired with the proceeds of N777.2 million fraudulent transaction.
The two properties finally forfeited by the court today 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, sequel to the motion marked FHC/LAG/644/2026, filed and moved by the Economic and Financial Crimes Commission (EFCC), through its lawyer, Chinyere C. Okezie esq.
In urging the court to grant the final forfeiture of the landed properties, Okezie esq, informed the court 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 with an affidavit deposed to by an investigator with the EFCC, 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 aveered 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 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 federal allocation of the land. Adding 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 Adekunle’s false claimed, complainant transferred N1.5 million on August 19, 2025, N15 million on August 28, 2025, and N735 million on September 8, 2025, to the two suspects.
The anti-graft agency further stated that its investigations also traced N145 million to Nwadije Tracy Otite on September 16, 2025, for the purchase of the bungalow, while another N100 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. And that the court had, on June 17, 2026, granted an interim forfeiture order and directed the EFCC to publish it. Adding that he 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 urging the court to make the forfeiture final in the interest of justice.
Justice Dipeolu after listening to the EFCC’s lawyer’s submission, perused through all the processes filed and the legal authorites cited, ruled that the application has merit, and same is granted as prayed.