Bizman, Obiajulu Emeka Emmanuel forfeits N31m, properties to FG

The Federal High Court sitting in Ikoyi, Lagos, has granted an interim forfeiture order for the sum of N31 million and four properties linked to one Obiajulu Emeka Emmanuel.

Justice Alexander Owoeye gave the order on May 8, 2025.

The forfeited assets include: a four-bedroom terrace duplex, a three-bedroom terrace duplex, four units of one-bedroom apartments, and two units of two-bedroom apartments, all located in different parts of Lagos State.

The order followed a motion ex-parte brought before the court by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), through its counsel, C. C. Okezie.

While presenting the application, Okezie informed the court that it was supported by an eight-paragraph affidavit sworn to by EFCC investigating officer, Yusuf Hassan.

She stated that the properties in question owned by Obiajulu Emeka Emmanuel were “reasonably suspected to have been acquired with proceeds of unlawful activities.”

Justice Owoeye, convinced by the evidence before the court, granted the interim forfeiture order as requested.

Additionally, the judge ordered the EFCC to publish the interim order in a national newspaper to allow any interested party to appear in court and “show cause why the funds and property should not be finally forfeited to the Federal Government of Nigeria.”