By Onoja Baba, Nigeria
Justice Dehinde Dipeolu of the Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of shares worth N246,305,544 linked to a former Managing Director of the Nigerian Army Properties Limited, Major-General U.M. Mohammed (rtd.), to the Federal Government.
The order was issued on Tuesday, August 26, 2025, following a motion on notice filed by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC).
According to the EFCC, the forfeited assets comprised several units of shares traced to the retired Army General.
The anti-graft agency had sought the court’s intervention to permanently transfer ownership of the assets to the government.
Justice Dipeolu, after reviewing the application, granted the EFCC’s request, thereby making the forfeiture order final.
The development was made known by the EFCC via its official I
nstagram page.
categories
recent posts
IMF Says Malawi Making Progress on Economic Recovery Reforms
NIGERIA: Makinde Campaign Sets 68m-Vote Target As APM Kicks Off 2027 Drive
NIGERIA: INEC Assures On Election Integrity As 2027 Polls Enter Final 100-Day Countdown
Messi Ends Argentina Career on a High
