Bizman, Obiajulu Emeka Emmanuel forfeits N31m, properties to FG

The Federal Excessive Court docket sitting in Ikoyi, Lagos, has granted an interim forfeiture order for the sum of N31 million and 4 properties linked to 1 Obiajulu Emeka Emmanuel.

Justice Alexander Owoeye gave the order on Could 8, 2025.

The forfeited belongings embody: a four-bedroom terrace duplex, a three-bedroom terrace duplex, 4 models of one-bedroom residences, and two models of two-bedroom residences, all situated in numerous components of Lagos State.

The order adopted a movement ex-parte introduced earlier than the courtroom by the Lagos Zonal Directorate 1 of the Financial and Monetary Crimes Fee (EFCC), by means of its counsel, C. C. Okezie.

Whereas presenting the appliance, Okezie knowledgeable the courtroom that it was supported by an eight-paragraph affidavit sworn to by EFCC investigating officer, Yusuf Hassan.

She acknowledged that the properties in query owned by Obiajulu Emeka Emmanuel have been “moderately suspected to have been acquired with proceeds of illegal actions.”

Justice Owoeye, satisfied by the proof earlier than the courtroom, granted the interim forfeiture order as requested.

Moreover, the decide ordered the EFCC to publish the interim order in a nationwide newspaper to permit any get together to seem in courtroom and “present trigger why the funds and property shouldn’t be lastly forfeited to the Federal Authorities of Nigeria.”