The Economic and Financial Crimes Commission (EFCC) announced that it has secured the final forfeiture of $163,592 in proceeds from an alleged fraud that involved a United States‑based law firm and Nigerian businessman Akpasi Oziegbe.
The forfeiture order was granted by trial judge M. S. Liman of the Federal High Court in Abuja on Friday, following an application by the EFCC. The court confirmed that the money was obtained through the fraudulent scheme.
EFCC’s action follows a series of investigations into cross‑border fraud schemes that have targeted Nigerian citizens and businesses. The agency has repeatedly warned that illicit proceeds will be seized and returned to the state.
While the amount may seem modest compared to other cases, it represents the final step in the legal process for this particular fraud. The commission has not disclosed further details of the scheme or the identity of the U.S. law firm involved.
EFCC remains active in pursuing financial crimes across Nigeria, and this forfeiture underscores its commitment to recovering assets acquired through illegal means.
<small>Source: Premium Times Nigeria — read the original story there.</small>