EFCC returns N125m recovered from alleged land fraud suspect to Lagos businessman

The Economic and Financial Crimes Commission, EFCC, has returned N125 cardinal recovered from a fishy successful an alleged onshore fraud lawsuit to a Lagos businessman, Akinsewa Akiode.

The anti-graft bureau disclosed this successful a connection issued connected Friday by its Head of Media and Publicity, Dele Oyewale, stating that the funds were presented to Akiode connected Thursday by officials of the EFCC’s Lagos Zonal Directorate 2 successful Ikoyi pursuing the decision of investigations into the matter.

According to the commission, the probe stemmed from a petition filed by Akiode, who alleged that Olufemi Fashehun received N125 cardinal from him for the merchantability of a 550-square-metre parcel of onshore located astatine No. 10, Kudirat Abiola Way, Oregun, Lagos.

The businessman reportedly discovered aft completing the transaction that the spot had been embroiled successful litigation since 2011, a information allegedly concealed by the seller earlier the merchantability was concluded.

The EFCC said its findings revealed that Fashehun had antecedently been served with respective tribunal processes, including injunctions restraining him from carrying retired immoderate improvement connected the property, but failed to disclose the pending ineligible quality earlier collecting the acquisition money.

The committee added that Akiode yet mislaid some the onshore and the structures helium had begun processing connected the property, prompting him to question the intervention...