A Federal High Court sitting in Lagos has granted the final forfeiture of ₦335 million, Galaxy Hospital, five petrol stations, and multiple landed properties linked to an alleged fraud case under investigation by the Economic and Financial Crimes Commission (EFCC). The judgment, delivered in July 2025, followed the commission’s application after an earlier interim forfeiture order had been issued and published in accordance with legal procedures.
According to the EFCC, the forfeited assets were traced to proceeds of unlawful activities involving financial misappropriation, with investigations revealing how the funds were used to acquire high-value properties including the privately-owned Galaxy Hospital and several petrol stations across key locations in the country. The EFCC had earlier secured an interim forfeiture order from the same court, as required by law, and followed up with a public notice inviting any interested parties to show cause why the assets should not be permanently forfeited to the federal government.
Following the expiration of the notice period without any counterclaims or objections, the court, presided over by Justice Osiagor, ruled in favour of the EFCC’s request for a final forfeiture. The order effectively transfers ownership of the assets to the federal government, pending further directives on their management in accordance with Nigeria’s asset recovery framework.
The case is part of the EFCC’s broader efforts to clamp down on financial crimes and recover stolen public funds through diligent asset tracing and legal prosecution. It follows similar judgments in recent times, including a court-ordered forfeiture of ₦887.4 million and several seized properties across different states.
The suspects involved in the alleged fraud are still under investigation, and the EFCC has assured the public of its commitment to pursuing justice through due process. The Commission also reiterated that the recovered assets would be used for the public good, in line with the government’s anti-corruption policy.
