Court orders final forfeiture of $7m abandoned in commercial bank - Newstrends
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Court orders final forfeiture of $7m abandoned in commercial bank

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Court orders final forfeiture of $7m abandoned in commercial bank

A Federal High Court in Abuja has issued an order of final forfeiture over $7,000,000.00 in cash abandoned in a branch of a commercial bank at No. 114 Adeola Odeku Street, Victoria Island, Lagos, by individuals said to be unknown.

Justice Emeka Nwite issued the order yesterday while ruling on an application filed by the Economic and Financial Crimes Commission (EFCC) and moved by Rotimi Oyedepo (SAN).

Oyedepo recalled that the court had issued an interim forfeiture order on August 27 in the case and directed the applicant to publish the order in any widely circulated newspaper.

He said the EFCC complied with the order on September 1, adding that since then, no one had come forward to claim the money, which informed the filing of the application for the final forfeiture.

Oyedepo prayed the court to grant the prayer as contained in the application for final forfeiture.

A lawyer, who announced his appearance for an interested party, Darlington Ozurumba, told the court that he was not objecting to the court granting the application.

When the case last came up on September 12, a lawyer, Gbenga Femi Akande, who said he was appearing for an unnamed interested party, promised to file a count-affidavit yesterday to oppose the application for the final forfeiture.

But he was absent from yesterday’s proceedings and failed to file the document he promised to file.

Ruling, Justice Nwite said since the application was not opposed by anyone, there was no reason for the court to reject it.

The judge granted it and ordered that the funds be permanently forfeited to the Federal Government.

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In a supporting affidavit attached to the application, the EFCC gave details of how its investigators, acting on credible intelligence, discovered the money and recovered it in full.

The deponent, an operative of the commission, said the investigation stated that funds were conveyed to the bank under suspicious circumstances between March 25 and 26.

The operative, who said he was part of the team that covered the case, explained that the funds were handed over to the Cash Officer of the bank, Agba Emmanuel Fortune, in tranches.

The EFCC operative added: “The said sum was not credited to any known customer’s account of the bank, but rather surreptitiously kept in the bank’s vault.

“Agba Emmanuel Fortune was interviewed by my team, wherein he confessed that Sulieman Sani and Idris Ahmed Olatunji walked into the bank with the funds totalling $7,000,000.00 in raw cash and handed the same to him.

“Suleiman Sani was found and discovered through the platform of the National Identity Management Commission (NIMC) to be Fagge Sani Sanusi.

“Fagge Sani Sanusi was interviewed by my team, and his extrajudicial statement was voluntarily obtained.

“Agba Emmanuel Fortune informed my team that it was Ifeoma Delphine Nwogbo, the Relationship Officer of the bank, who had the information as to the ownership of the funds.

“My team interviewed and voluntarily obtained the extrajudicial statement of Agba Emmanuel Fortune.

“My team equally interviewed and obtained a voluntary extrajudicial statement of Ifeoma Delphine Nwogbo, the Relationship Officer of the bank.

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“According to Ifeoma Delphine Nwogbo, the funds were brought to the bank for and on behalf of the managing director of a company.

“My team interviewed the managing director of the company in respect of the sum of $7,000,000.00, who insisted that she did not take any $7,000,000.00 to the bank.

“My team was equally informed by the management director of the company that she took a loan of $7,000,000.00 from the bank, which she is yet to pay back to the bank.

“The bank did not file a Suspicious Transaction Report (STR) to the Nigerian Financial Intelligence Unit (NFIU) in respect of this transaction.

“The funds sought to be forfeited are reasonably suspected to be proceeds of unlawful activity, as they did not represent known, provable, and legitimate income of either the company, the couriers, or three officials of the bank.

“The entire $7,000,000.00 sought to be forfeited has been recovered by my team from the bank in raw cash and taken to the Central Bank of Nigeria (CBN) for safekeeping.

“The funds sought to be forfeited are also reasonably suspected to have been abandoned, as nobody came forward to claim the funds from the bank or the commission that recovered the same.”

Court orders final forfeiture of $7m abandoned in commercial bank

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Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

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Arrested dismissed police officer, Inspector Danjuma Yusuf

Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

Troops of Operation Enduring Peace have arrested a dismissed police officer, Inspector Danjuma Yusuf, over alleged involvement in a high-profile arms trafficking network operating across state lines in Plateau State.

The arrest was carried out on Sunday at the Makera axis of Riyom Local Government Area during an intelligence-led operation conducted by troops of Sector 6 in collaboration with the Headquarters of Operation Enduring Peace.

According to a military statement obtained by Politics Nigeria, the breakthrough followed credible intelligence on the movement of illicit arms within Plateau State and neighbouring regions.

“Acting swiftly, troops of Sector 6, in collaboration with Headquarters Operation Enduring Peace, executed a coordinated intelligence-led operation on Sunday, 14 June 2026,” the statement said.

The suspect was reportedly intercepted while travelling in a white Peugeot vehicle from Jos South towards the Makera axis. He was placed under surveillance before being stopped at a military checkpoint.

A search of the vehicle led to the recovery of two locally fabricated pistols, 167 rounds of 9mm ammunition, three cans of pepper spray, and a jack knife.

Other items recovered from the suspect included two mobile phones, two cutlasses, a police staff tag, photographs showing him in police uniform, two ATM cards, a National Identification Number (NIN) card, and ₦73,300 in cash.

Preliminary findings identified the suspect as a former officer of the Nigeria Police Force Base 7, Abuja, who had been officially dismissed from service.

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“Further intelligence indicates that the suspect is a key figure in an interstate arms trafficking syndicate, allegedly supplying weapons to criminal elements involved in terrorism, banditry, kidnapping and other violent crimes,” the statement added.

Military authorities said the suspect is currently in custody and undergoing interrogation aimed at uncovering members of his network, including possible collaborators, financiers, and supply routes.

The operation, according to the Army, represents a significant disruption of illegal arms trafficking activities and demonstrates the effectiveness of ongoing intelligence-driven security operations in the region.

The Nigerian Army reaffirmed its commitment to sustaining coordinated efforts with other security agencies to curb the proliferation of illegal weapons and combat violent crimes across the country.

It also urged members of the public to continue providing timely and credible information to support ongoing counter-crime operations and enhance security nationwide.

Further updates are expected as investigations continue.

 

Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

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Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

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Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road
Commissioner of Police in Katsina State, Ali Umar-Fage

Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

The Katsina State Police Command says its operatives have foiled a kidnapping attempt and rescued nine passengers during a coordinated operation along the Katsina–Kankara Road in Katsina State.

The Command’s spokesperson, DSP Abubakar Aliyu, said the incident occurred on June 12, 2026, at about 2:30 p.m., when suspected armed bandits blocked the highway at Tashar Kanya village in Kankara Local Government Area.

According to him, the attackers intercepted a red commercial Volkswagen Golf III Saloon with registration number KMC 400 MK, driven by a 40-year-old man identified as Aliyu, popularly known as “Maitakabari.”

The vehicle was reportedly conveying 11 passengers from Dandume to Katsina when the armed men stopped it and abducted all occupants.

Following a distress call, the Divisional Police Officer (DPO) in Kankara mobilised a tactical team, including operatives of the Violent Crime Rescue Unit (VCRU), to the scene.

“The operatives tactically engaged the bandits in a fierce gun duel. Due to the team’s superior firepower and tactical manoeuvres, the hoodlums were forced to flee the scene,” the statement said.

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During a sweep of the area after the encounter, police operatives rescued nine victims unhurt.

The rescued persons were identified as Abubakar Ibrahim (28), Rakkiya Ya’u (30), Shamsiya Ahmad Mahamud (18), Jumai Majarazu (20), Salamatu Adamu (30), Yusuf Halliru (17), Harira Hamisu (25), Umma Kabir (17), and Nusaiba Maharazu (3).

However, two persons — the driver, Aliyu “Maitakabari,” and a passenger, Buhari Kabir — were still unaccounted for at the time of the report. Authorities said a search-and-rescue operation was ongoing to locate them and apprehend the fleeing suspects.

The police spokesperson added that the Commissioner of Police in Katsina State, CP Aliyu Umar Fage, commended the operatives for their swift response and bravery during the operation.

He also reassured residents that the command remains committed to intensifying security operations aimed at clearing criminal elements from highways and rural communities across the state.

Katsina State has continued to experience recurring cases of banditry and highway kidnappings, prompting increased patrols and tactical deployments along major travel routes.

Authorities say further updates will be provided as search operations continue.

Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

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Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

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Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping
Edo State Governor, Monday Okpebholo

Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

Edo State Governor, Monday Okpebholo, has condemned the kidnapping incident that occurred on Sunday at the Vegetable Market along Airport Road, Benin City, describing it as unacceptable and a direct attack on innocent residents.

In a statement issued on Monday by his media aide, Patrick Ebojele, the governor directed the Edo State Police Command to immediately launch a swift and coordinated investigation into the incident, with orders to secure the rescue of the victim and apprehend those responsible.

The governor also warned that his administration would not tolerate any act capable of threatening public safety or disrupting peace in the state.

“I strongly condemn this act of kidnapping and I call on the Commissioner of Police to immediately open investigation into the matter,” Okpebholo said.

“As a government, we will not tolerate any act that threatens public safety and security or disturbs the peace of the state.”

He urged residents of Benin City and across Edo State to remain vigilant and report any suspicious movements or individuals to security agencies, stressing that timely information remains critical to ongoing operations.

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Okpebholo further assured that the state government would not relent until those behind the attack are tracked down, arrested, and prosecuted.

According to reports, the incident occurred when a woman was abducted while shopping at one of the stores within the busy Vegetable Market. A viral video circulating on social media showed the moment the victim was forcibly taken away, sparking panic among traders and residents.

Security sources say preliminary investigations have begun, with operatives working to track the kidnappers and review intelligence from the scene to aid rescue efforts.

Kidnapping incidents have continued to raise concern in parts of Edo State, prompting renewed calls for stronger security presence around markets, highways, and public spaces in Benin City.

Authorities say further updates will be provided as investigations progress.

Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

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