EFCC returns recovered N125 million to victim of Lagos land fraud

The Economic and Financial Crime Commission has returned recovered N125 million to the victim of a land fraud, Akinsewa Akiode, in Lagos, on Thursday.
The Lagos zonal directorate of the anti-graft agency said the recovery of the funds, handed over in Sterling Bank drafts, followed a petition submitted by Mr Akiode, alleging that one Olufemi Omoola Fashehun defrauded him of the funds “under the pretext of selling to him a parcel of land measuring 550 square metres, located at No. 10, Kudirat Abiola Way, Oregun, Lagos State.”
The commission stated, “The petitioner further alleged that the suspect deliberately concealed the existence of a pending court case affecting the property, which has been before the court since 2011.”
The EFCC noted that investigation showed that despite having been served with several court processes, including injunctions restraining him from carrying out any form of construction on the property, the suspect failed to disclose this material fact before collecting the purchase money.
“Consequently, the petitioner lost both the property and the developments under construction on the land, prompting him to petition the commission,” it added.
Upon the conclusion of investigations, the commission stated that it recovered the returned funds from the suspect and made restitution to the petitioner by presenting him with the recovered funds through Sterling Bank drafts.
The agency’s assistant commander, Bawa Kaltungo, reaffirmed the commission’s commitment “to investigating economic and financial crimes, recovering the proceeds of crime and ensuring that victims of fraud are restituted whenever necessary.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
FRSC to deploy 927 officers for 2026 “Ember Months” campaign in Abia
The Sector Commander, Ngozi Ezeoma, made the disclosure at a news briefing in Umuahia on Monday.

States
Plateau, United Nigeria Airlines sign deal for Jos-Kano, Jos-Owerri flights
Mr Jatau urged residents, businessmen, tourists and visitors to patronise the airline.

States
Abia vows to prosecute criminals stealing manhole covers
The commissioner said the theme of the fair is “Abia Beyond Borders: Driving Innovation, Trade and Industrial Growth.”

Anti-Corruption
USAID worker Simeon Bakare sentenced to prison for COVID-19 fraud
According to his guilty plea, from April 2020 through November 2021, Mr Bakare knowingly and willfully engaged in a scheme to defraud the SBA.

NationWide
China, Nigeria restate commitment to stronger bilateral relations
Mr Yang commended the NUJ FCT Council for its sustained partnership with the Chinese Embassy and the China Cultural Centre.

States
Tinubu hails Ebonyi’s support for APC, urges massive votes for party
Mr Shettima urged the people of Ebonyi to support his bid for a second term, saying their continued support is important to sustaining the gains his administration has recorded.





