Anti-corruption and elections / EFCC

Court Orders Final Forfeiture of N246m Shares linked to Ex Nigeria Army Properties MD

Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, August 26, 2025, ordered the final forfeiture of several units of shares valued at N246,305,544 (Two Hundred and Forty Six Million, Three Hundred and Five Thousand, Five Hundred and Forty Four Naira) linked to a former Managing Director of the Nigerian Army Properties Limited, NAPL, Major-General U.M. Mohammed (rted.), to the Federal Government of Nigeria. The judge gave the order, following a motion on notice filed by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, throu…