The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, has handed over the sum of one hundred and twenty-five million naira to the victim of an alleged land fraud, Akinsewa Akiode, after successfully recovering the funds from the suspect.

Speaking during the handover ceremony, the Acting Zonal Director, Lagos Zonal Directorate 2, EFCC, Ikoyi, Lagos, Assistant Commander of the EFCC (ACE I), Bawa Usman Kaltungo, reaffirmed the Commission’s commitment to ensuring justice for victims of economic and financial crimes.

“The Commission remains committed to investigating economic and financial crimes, recovering the proceeds of crime, and ensuring that victims of fraud are restituted whenever necessary,” he said.

The recovery of the funds, which were handed over in Sterling Bank drafts, followed a petition submitted by Akiode, alleging that Olufemi Omoola Fashehun defrauded him of one hundred and twenty-five million naira, located at No. 10, Kudirat Abiola Way, Oregun, Lagos State.

According to the petition, the suspect deliberately concealed the fact that the property was already the subject of a pending court case that has been before the court since 2011, despite collecting the full purchase price.

Investigation by the EFCC revealed that the suspect had been served with several court processes, including injunctions restraining him from carrying out any form of construction on the property. However, he failed to disclose these material facts to the buyer before receiving the payment.

As a result, the petitioner lost both the property and the developments already under construction on the land, prompting him to seek the intervention of the Commission.

Following the conclusion of its investigation, the EFCC recovered the full one hundred and twenty-five million naira.