Court orders forfeiture of N246m shares to FG
The Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of shares worth over ₦246 million linked to retired Major-General U.M. Mohammed, former Managing Director of Nigerian Army Properties Limited (NAPL). Justice Dehinde Dipeolu delivered the ruling on Tuesday, August 26, 2025, after granting a motion filed by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the forfeited assets were several units of shares traced to the retired officer, valued at ₦246,305,544. The anti-graft agency stated that investigations revealed the shares were acquired with proceeds of unlawful activities. Confirming the judgment in a statement posted on its official social media platforms, the EFCC said:“The Federal High Court sitting in Ikoyi, Lagos, presided over by Justice Dehinde Dipeolu, has ordered the final forfeiture of shares worth ₦246,305,544 linked to Major-General […]