The Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of shares worth ₦246.3 million belonging to retired Nigerian Army General, Major-General U.M. Mohammed, to the Federal Government.
The ruling, delivered on Tuesday, August 26, 2025, by Justice Dehinde Dipeolu, followed a motion filed by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).
The forfeited shares, valued at ₦246,305,544, were traced to Mohammed, who previously served as the Managing Director of Nigerian Army Properties Limited (NAPL).
The anti-graft agency argued that these assets were acquired using funds derived from unlawful activities during his tenure.
After reviewing the evidence, Justice Dipeolu ruled in favor of the anti-graft agency, marking yet another major victory in its fight against corruption and recovery of public assets.
Mohammed, who oversaw NAPL—a corporate arm managing the Nigerian Army’s real estate investments—has faced scrutiny over allegations of mismanagement and diversion of resources.
His tenure is emblematic of broader concerns about corruption within military-owned enterprises. The judgment is expected to fuel ongoing discussions about accountability and transparency in such institutions.
The EFCC, in a statement confirming the development, reiterated its commitment to combating financial crimes, emphasizing that no individual, regardless of rank or position, is above the law.
However, the case highlights the agency’s determination to hold wrongdoers accountable and recover public resources for the benefit of Nigerians.
