EFCC hands over recovered N125m to land fraud victim in Lagos
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) Ikoyi, Lagos, on Thursday, handed over the sum of N125 million to the victim of an alleged land fraud, Akinsewa Akiode. The recovery of the funds, handed over in bank drafts, followed a petition submitted by Akiode, who complained that one Olufemi […] The post EFCC hands over recovered N125m to land fraud victim…
The Economic and Financial Crimes Commission (EFCC) in Lagos recently returned N125 million to a land fraud victim named Akinsewa Akiode. The recovered funds were presented to Akiode in bank drafts. This restitution came after Akiode filed a petition alleging that Olufemi Omoola Fashehun had defrauded him of the substantial sum under false pretenses.
According to Akiode, Fashehun promised to sell him a 550 square metre plot of land located at No. 10, Kudirat Abiola Way, Oregun, Lagos. However, the victim claimed that Fashehun hid a pending court case concerning the property, which had been under litigation since 2011. Despite receiving multiple court orders prohibiting him from constructing on the land, Fashehun failed to disclose this crucial information to Akiode prior to the sale.
As a result, Akiode lost both the land and the ongoing construction projects on it. Following the completion of their investigation, the EFCC recovered the stolen N125 million and returned it to Akiode. Speaking at the handover ceremony, the Acting Zonal Director of the EFCC's Lagos Zonal Directorate 2, ACE I Bawa Usman Kaltungo, emphasized the commission's dedication to combating financial crimes, recovering ill-gotten gains, and ensuring that fraud victims receive compensation.
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