• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Court Orders Temporary Forfeiture Of Property Over Alleged N986m Fraud

by Olugbenga Soyele
3 weeks ago
in News
Court
Share on WhatsAppShare on FacebookShare on XTelegram

Justice Dehinde Dipeolu of the Federal High Court in Lagos has ordered the initial forfeiture of a property located at 29 Oyindamola Shogbesan Street, Park View Estate, Ago Palace Way, Lagos, brought by some suspects allegedly involved in a N986 million fraud.

Advertisement

Justice Dipeolu ordered the temporary seizure of the property after entertaining an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC) through one of its lawyer, Chineye Okezie.

The judge also directed the EFCC to publish the interim order in a national newspaper, inviting interested parties to present their case within 14 days regarding why the property should not be permanently forfeited to the Federal Government.

While moving the application, Okezie told the judge that the property was allegedly acquired using funds from a fraudulent diesel transaction involving Mrs. Hannah Nwaguzor and Ajayi Olushola.

The lawyer also informed the court that the anti-graft agency received a petition from a businessman, Chukwulota Onuoha, and two companies, G3 Solid Farms & Agro Allied Industries and Bohr Energy Ltd, alleging that they were defrauded under the pretence of receiving a supply of Automotive Gas Oil (AGO) worth N986 million.

RELATED

Bye-elections: Don’t Give Ticket To Highest Bidders, YIAGA Urges Parties

Electoral Reform: Yiaga Africa Advocates Stripping President Power To Appoint INEC Chair

4 minutes ago
Igboho Begs Federal Gov’t To Remove Name From Security Wanted List

Igboho Apologises To Alaafin Over Comment At Ooni’s Palace

2 hours ago
ADVERTISEMENT

He also claimed that the Commission discovered that in May 2024, Onuoha and the companies were introduced to Nwaguzor and her associate, Olushola, through an intermediary named Irene Abidemi and that based on their assurances, Bohr Energy Ltd transferred funds to Mozann Global Merchants Ltd on May 14 and 15, 2024.

He further stated that the promised diesel was never delivered, and the funds were allegedly misappropriated.

Okezie revealed that EFCC investigators traced N500 million naira to Hola Jayu Nigeria Ltd, from which N261 million naira was allegedly paid to Orobosa Michael Ubogu for purchasing the forfeited property.

ADVERTISEMENT

The EFCC lawyer also submitted that the funds used to acquire the property were suspected to be proceeds from unlawful activities, violating the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.

He said, “The application was made under Section 17 of the Act and Section 44(2)(b) of the 1999 Constitution (as amended). It aimed to preserve the property pending the hearing of a motion for final forfeiture.”

In its written address, the EFCC argued that interim forfeiture is a preventive measure to protect suspected proceeds of crime.

Citing the Supreme Court’s decision in Dame Patience Jonathan v. FRN, the EFCC argued that a forfeiture order under Section 17 does not necessitate a criminal conviction.

“The suspicion required does not have to lead to a conviction, but it must reasonably persuade the court that the property is likely to be proceeds of crime,” the anti-graft agency submitted.

The application was also supported by an affidavit sworn to by an EFCC investigating officer, Waziri Abdullahi, who stated that he was assigned to investigate a petition involving obtaining funds by false pretences against Nwaguzor, Olushola, and Mukhatul Makarama.

Abdullahi further stated that the complainants approached Abidemi in May 2024 for a diesel supply, who subsequently introduced them to Nwaguzor of Mozann Global Merchants Ltd. Abidemi also presented Olushola as her business partner.

He also averred that on May 14 and 15, 2024, Bohr Energy Ltd transferred N986 million naira to Mozann Global’s account at Providus Bank (account no. 1304754909), but that the product was never supplied, and the money was never refunded.

Abdullahi stated that investigations revealed that at Polaris Bank, N500 million was transferred from Mozann Global to Hola Jayu Nigeria Ltd’s account (1305217818).

“Following this, N261 million naira was transferred to Orobosa Michael Ubogu on May 30 and 31, 2024, to purchase the property now subject to forfeiture,” he explained.

Justice Dipeolu has adjourned the case to September 2 for a hearing on the motion for final forfeiture.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Federal High Court
SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

Motorists, Commuters Seek Federal Govt’s Intervention On Kogi Road

Next Post

Insecurity: IHRC Urges Tinubu To Consider Conditional Pardon For DCP Abba Kyari

Olugbenga Soyele

Olugbenga Soyele

You May Like

Bye-elections: Don’t Give Ticket To Highest Bidders, YIAGA Urges Parties
News

Electoral Reform: Yiaga Africa Advocates Stripping President Power To Appoint INEC Chair

2025/08/24
Igboho Begs Federal Gov’t To Remove Name From Security Wanted List
News

Igboho Apologises To Alaafin Over Comment At Ooni’s Palace

2025/08/24
Anambra’s Nonye Soludo Wins ‘Humanitarian First Lady’ Award 2025
News

Anambra’s Nonye Soludo Wins ‘Humanitarian First Lady’ Award 2025

2025/08/24
Wang Yi’s Visit To Delhi Signals Strategic autonomy to US
News

Wang Yi’s Visit To Delhi Signals Strategic autonomy to US

2025/08/24
NDLEA Arrests Widow With Fake Pregnancy Stuffed With Cocaine
News

NDLEA Arrests Widow With Fake Pregnancy Stuffed With Cocaine

2025/08/24
367,000 PVCs Uncollected In Kano, Says INEC REC
News

367,000 PVCs Uncollected In Kano, Says INEC REC

2025/08/24
Leadership Conference advertisement

LATEST

Electoral Reform: Yiaga Africa Advocates Stripping President Power To Appoint INEC Chair

Police Bust Drug Cartel, Arrest 4 Suspects In Akwa Ibom

Nigeria Police Deport Wanted Chinese Gang Leader

Igboho Apologises To Alaafin Over Comment At Ooni’s Palace

Anambra’s Nonye Soludo Wins ‘Humanitarian First Lady’ Award 2025

Wang Yi’s Visit To Delhi Signals Strategic autonomy to US

NDLEA Arrests Widow With Fake Pregnancy Stuffed With Cocaine

Victor Boniface Returns To Bayer Leverkusen After Medical Tests In Milan

367,000 PVCs Uncollected In Kano, Says INEC REC

‘Broke Retired Players Should Be Jailed’, Says Ex-Super Eagles Player Ideye

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.