Court Orders Forfeiture of N235.4m


Court Orders Forfeiture of N235.4m

The Federal High Court in Ikoyi, Lagos State, has ordered the final forfeiture of the N235,451,969.89 traced to the account of a convicted fraudster, Okeke Obinwanne, to the Federal Government.

Justice Mohammed Liman, on March 23, ordered the interim forfeiture of the money domiciled in First City Monument Bank (FCMB), following a December 18, 2019 ex parte application by the Economic and Financial Crimes Commission (EFCC).

Mike Igbokwe SAN Collections Now Available for purchase ~• For enquiries and Details, Call Winifred Tayo-Oyetibo on 08177770462 or +234(01) 4620907, 4620807 Ext. 122 ~•• CLICK VIDEO Below.

Purchase Now
The Trajectory of excellence in Legal practice
The Dynamism of law and practi e in Nigeria
Nigerian Maritme Cabotage policy and law


In granting the interim order, Justice Liman also ordered the commission to advertise same in any national newspaper for anyone to show cause why the money should not be finally forfeited to the government.

Following the publication of the order in a national newspaper, the commission, on June 2, filed a Motion on Notice seeking the final forfeiture of the money to the Federal Government.

During the proceedings on November 12, lawyer to the commission, I. Sulaiman, urged the court to grant his prayers for final forfeiture of the money, which is reasonably suspected to be proceeds of unlawful activities.

Justice Liman granted the applicant’s prayers and also ordered the final forfeiture of the money to the Federal Government.

Okeke, who is the Chief Executive Officer (CEO) of Invictus Group, was arrested in August 2019 in the United States of America (USA) and charged with two counts of computer fraud and wire fraud, to which he pleaded guilty.

Do you want to be heard, your events covered, your articles published, or needs to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 08059676999, 09070309355. Email:


For enquiries and details, call Victor Ine on 08122054932. Contact/ Email



Please enter your comment!
Please enter your name here