ABUJA - The Economic and Financial Crimes Commission (EFCC) has recovered billions of naira worth of assets from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze, following a court order.
ABUJA – The Economic and Financial Crimes Commission has recovered billions of naira worth of assets from two brothers, Olisaebuka Eze and Onyeka Nnadozie Eze, following a court order.
In a final forfeiture ruling by a three-man panel of justices, the Appeal Court in Abuja dismissed the appeal filed by the brothers and affirmed the final forfeiture of the properties, vehicles, and other items to Arthur Eze, the nominal petitioner, as presented by the Commission’s counsel, Ibrahim Buba.
– A seven-bedroom duplex at Plot 1772 Cadastral Zone B06, Mabushi District, FCT, Abuja, located at No: 5 Ifeanyi Araraume Street, Mabushi, Abuja;FAAC: FG, States & LGs share N1.1trn– Plot No. AHE540 in Lugbe AMAC Housing Estate measuring 1,500sqm;Other properties include:– A plot of land with RofO with file No. AN 69550 dated 28/10/2012 at Kyami District, Abuja;The items include:– A golden-colored Just Bling wristwatch JB-6116;– A Toyota Tundra with chassis No.
According to Justice Barka, the appellants did not place any material before the court to enable it to disturb the findings of the lower court.The road to the final forfeiture began in 2020 when the EFCC received a petition from Arthur Eze, alleging theft, criminal misappropriation, and money laundering against the first respondent, Olisaebuka Eze, who was the administrative officer of his company, Oranto Petroleum Ltd.
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