Federal High Court Forfeits 52 Lagos Terrace and Maisonettes Over Illicit Funds
A Federal High Court in Lagos has ordered the final forfeiture of 52 terrace and maisonette units at Mercyville Estate in Ilasan. Justice Alexandra Owoeye granted the EFCC’s motion after rejecting conflicting affidavits from the owners. The court found the properties linked to Fielddreams Limited, Ifeanyi Nweke and Amex Savings and Loans were reasonably suspected to be proceeds of unlawful activities. The EFCC secured interim forfeiture in August 2024 and met all publication requirements. A key accused, Ifeanyi Nweke, remains a fugitive, prompting the court to rule in favour of the Federal Government’s application for final forfeiture.
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