Court Orders Forfeiture of Two Mercedes-Benz Vehicles and Gadgets Linked to Fraudster
The Federal High Court in Lagos has ordered the final forfeiture of two Mercedes-Benz vehicles, mobile phones and other electronic devices linked to Ifeanyi Franklyn Arinze, who was previously convicted of computer-related fraud. The EFCC said the assets will be forfeited to the Federal Government. The order was made on November 9, 2026, after no one came forward to challenge the forfeiture application following publication of an interim order in a national newspaper. The EFCC alleged that Arinze continued fraudulent activity after his 2024 conviction. It said he used online identities to get victims in the United States to transfer money through financial accounts, with funds later converted to naira. An analysis of his Kuda Bank account allegedly showed inflows totalling more than ₦2.14 billion between August 2022 and February 2026. The forfeited items include a Mercedes-Benz GLE 53 AMG, a Mercedes-Benz GLC 300 AMG, several iPhones, a Samsung Fold and an iPad. The commission said its investigation indicated that the assets were acquired with proceeds of alleged fraud.
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