A Federal High Court in Abuja has ordered the final forfeiture of N335 million, a hospital, five filling stations, and several properties to the Federal Government.
Justice Emeka Nwite granted the order after the Economic and Financial Crimes Commission (EFCC) moved a motion for final forfeiture. EFCC counsel, Fadila Yusuf, told the court the commission had complied with all directives, including public notice requirements.
Justice Nwite ruled that the application was “meritorious” and approved the final forfeiture as requested.
The assets, spread across Borno, Abuja, Kaduna, Nasarawa, and Niger states, were initially seized under an interim forfeiture order granted on August 13, 2024.
Moreso, EFCC had published the details in a national newspaper and on its website on September 4, 2024.
Since the publication, no individual or company has come forward to claim ownership or contest the forfeiture.
According to the EFCC affidavit, the properties and funds are linked to unlawful activities.
The court agreed that no party would be prejudiced by the order.
Assets Forfeited to FG:
Galaxy Hospital in Maiduguri
Five petroleum filling stations in Borno and Kaduna
Duplex and residential apartments in Abuja and Maiduguri
Several plots of land across Abuja, Nasarawa, and Niger
A 50-hectare farmland in Abuja
Four-bedroom terrace duplex in Guzape, Abuja
Ten hectares of land along Baga-Maimalari Barrack Road, Maiduguri
Bank Balances Forfeited:
N281.4 million – Galaxy Transportation and Communication Services
N43.7 million – Galaxy Transportation & Construction
N6.9 million – Galaxy Computing and Electronics
N1.2 million – Galaxy Energy Int’l Concepts
Other related accounts showed zero balances.
The court’s decision was based on Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
EFCC’s application was marked FHC/ABJ/CS/1058/2024.
With this ruling, the Federal Government now has full ownership of the seized properties and bank balances.
The EFCC maintains that the move helps recover proceeds of crime and serves as a deterrent.
