The Federal High Court sitting in Ikoyi has ordered the interim forfeiture of a property located at No. 29 Oyindamola Shogbesan Street, Park View Estate, Ago Palace Way, over its alleged connection to a N986 million diesel supply fraud.
Justice Dehinde Dipeolu granted the order after hearing a motion ex-parte filed by the Economic and Financial Crimes Commission (EFCC).
The application was brought pursuant to Section 17 of the Advance Fee Fraud and Other Related Offences Act, and Section 44(2)(b) of the 1999 Constitution (as amended).
According to the EFCC, the property was allegedly purchased with proceeds of a fraudulent transaction involving the supply of Automotive Gas Oil (AGO).
The suspects in the matter include Mrs. Hannah Ify Nwaguzor, Ajayi Edward Olushola, and others.
The Commission said it acted on a petition from Prince Chukwulota Benneth Onuoha and two companies—G3 Solid Farms & Agro Allied Industries, and Bohr Energy Limited—who alleged they were defrauded of N986 million under the pretext of an AGO supply deal.
Justice Dipeolu directed that the property be temporarily forfeited to the Federal Government pending the conclusion of investigations.
The EFCC was also ordered to publish the interim forfeiture order in a national newspaper to enable any interested party to show cause why the property should not be permanently forfeited.
The case has been adjourned for further hearing.
