The Economic and Financial Crimes Commission has secured an interim forfeiture order on a lounge and a four-bedroom bungalow located in Ado-Ekiti over an alleged fraud case involving nearly ₦2 billion.
The order was granted by Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin after the court ruled that the commission had satisfied all legal requirements for the temporary seizure of the properties.
According to a statement issued by the EFCC’s Ilorin Zonal Directorate, the affected assets include Town Tavern Lounge located at No. 1, Ikere Road, off Florence Court School in Ado-Ekiti, as well as a four-bedroom bungalow situated along Florence Court in Irewolede Estate, Ado-Ekiti.
The commission alleged that the properties are linked to Olorunbukunmi Taiwo, 43, who is being investigated for allegedly defrauding a woman identified as Lady Anazia Colina Kenechukwu of ₦1.98 billion.
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An interim forfeiture order allows authorities to temporarily take control of assets suspected to be proceeds of unlawful activities pending the conclusion of investigations or court proceedings.
The EFCC stated that the court approved the application after reviewing evidence presented by the agency and determining that the legal conditions for the order had been met.
The anti-graft agency noted that investigations into cybercrime, advance fee fraud, money laundering and the acquisition of assets through illicit funds remain a major focus of its operations.
The commission added that the forfeiture order would support ongoing investigations into the alleged fraud case and reaffirmed its commitment to recovering assets believed to have been obtained through illegal means.
The EFCC also urged members of the public to remain vigilant and report suspicious financial activities to relevant authorities, stressing that the fight against corruption requires collective effort from citizens and institutions.
Further details regarding the investigation were not disclosed by the commission.
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