The Federal High Court sitting in Lagos has ordered the interim forfeiture, to the Federal Government, of a property in Lagos in connection with an alleged fraud totaling ₦986 million.
Justice Deinde Dipeolu’s order for the forfeiture of the property was sequel to a motion ex parte filed by the Economic and Financial Crimes Commission (EFCC).
Counsel to the EFCC, Chinenye Okezie, told the court that the property located at No. 29 Oyindamola Shogbesan Street, Park View Estate, Ago Palace Way, Isolo, Lagos, was allegedly purchased using proceeds from a fraudulent diesel transaction involving one Hannah Ify Nwaguzor, her associate, Ajayi Edward Olushola, and others.
According to the EFCC, the Commission received a petition from Prince Chukwulota Benneth Onuoha and two companies—G3 Solid Farms & Agro Allied Industries and Bohr Energy Ltd—alleging that the suspects defrauded them under the guise of supplying Automotive Gas Oil (AGO) worth ₦986 million.
In May 2024, the petitioners were introduced to Nwaguzor and Olushola by Irene Abidemi. Based on their representations, Bohr Energy Ltd transferred the funds to Mozann Global Merchants Ltd on May 14 and 15, 2024. However, no diesel was delivered, and the funds were allegedly diverted.