EFCC Clarifies Role in Lagos Court Property Dispute and Fraud Probe
The Economic and Financial Crimes Commission (EFCC) has distanced itself from a property dispute between Oak Homes Limited and Anthony Ugbebor over luxury apartments in Victoria Island, Lagos. The EFCC clarified that the matter was a civil dispute and not within its criminal mandate.
The case involves allegations of trespass and fraud, with Ugbebor claiming to have paid N152 million to Oak Homes Limited for two apartments. The EFCC's representative, Emmanuel Adid, testified in court, stating that the EFCC had not received a formal request to recover the funds.
Olukayode Olusanya, the managing director of Oak Homes Limited, was briefly detained but later released on bail. The EFCC emphasized that it had not received any money from Ugbebor and that any refund was made by Oak Homes Limited.
The case has been adjourned until March 23, 2026, for further proceedings.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
EFCC Chair Warns Real Estate Managers Against Money Laundering
Court Orders Forfeiture of ₦850 Million, Luxury Properties, and Vehicles in Lagos Fraud Case
EFCC Arraigns Three for Alleged N2bn Oil Fraud in Lagos
EFCC Arrests Ozekhome in Alleged UK Property Fraud Case
Legal Dispute Over Lagos Property Court Order Sparks Controversy
EFCC Arraigns Otobor Onajefe Over N37.4m Fraud in Lagos Court
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
