Court has ordered for the interim forfeiture of Ado-Ekiti lounge and bungalow over alleged N1.98bn fraud.
NewsOnline Nigeria reports that Federal High Court sitting in Ilorin has granted an interim forfeiture order on a lounge and a four-bedroom bungalow located in Ado-Ekiti over an alleged N1.98 billion fraud case.
This Nigeria news platform understands that Justice Abimbola Awogboro issued the order following an application filed by the Economic and Financial Crimes Commission.
According to a statement released on Tuesday by the EFCC’s Ilorin Zonal Directorate, the affected properties include Town Tavern Lounge situated along Ikere Road, Ado-Ekiti, and a four-bedroom bungalow located at Irewolede Estate in the Ekiti State capital.
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The anti-graft agency alleged that the properties are linked to one Olorunbukunmi Taiwo, who is currently under investigation for allegedly defrauding a woman identified as Lady Anazia Colina Kenechukwu of N1.98 billion.
The court held that the commission had satisfied all the legal conditions required for the granting of the interim forfeiture order.
An interim forfeiture order allows law enforcement agencies to temporarily seize assets suspected to be proceeds of crime pending the conclusion of investigations or final court determination.
The EFCC stated that the forfeiture forms part of ongoing efforts to trace, recover and preserve assets allegedly acquired through unlawful means.
The commission further disclosed that investigations into the alleged fraud case are still ongoing.
