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Court Orders Forfeiture Of Internet Fraudsters’ Duplexes, N200m, Vehicles 

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The Lagos State High Court in Ikeja has ordered the permanent forfeiture of choice assets in upscale Lekki axis of Lagos retrieved from two convicted internet scammers, Tobilola Ibrahim Bakare and Alimi Seun Sikiru to the federal government.

This followed their arrest and successful prosecution by the Economic and Financial Crimes Commission (EFCC).

The forfeited assets include the sums of N196, 741, 216.82 and N7, 054, 852.01 in bank accounts; two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 and five bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos.

Others include four bedroom semi-detached duplex situated at Ologolo , Jakande, Lekki, Lagos and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos.

The two vehicles are valued at N30million while the three duplexes are valued at N230million.

A statement issued by the Economic and Financial Crimes Commission (EFCC) said the trial judge, Oluwatoyin Taiwo, issued the order of forfeiture in her judgement convicting Tobilola Bakare and Alimi Sikiru of fraud on Monday.

EFCC’s spokesperson, Wilson Uwujaren, who signed the statement, said both men pleaded guilty to five counts of fraud.

 

READ FULL STATEMENT

EFCC Press Release

Fraudsters Lose Properties in Posh Areas of Lagos to FG

· Three Duplexes in Lekki

· Over N200m in Bank Accounts

· Luxury Cars

Judgment day finally came for two Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru as they lost cash and properties in upscale Lekki axis of Lagos to the Federal Government following their arrest and successful prosecution by the Economic and Financial Crimes Commission, EFCC.

The forfeited assets include the sums of N196, 741, 216.82 and N7,054, 852.01 in bank accounts; two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 and five bedroom duplex situated at Ibrahim Eleto
Street, Osopa London, Lekki, Lagos, four bedroom semi-detached duplex situated at Ologolo , Jakande, Lekki, Lagos and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron
Alternative Road, Lekki, Lagos.

The two vehicles are valued at N30million while the three duplexes are valued at N230million.

The fraudsters gave up the assets as they could not give satisfactory explanation of the funds and properties linked to them. They confessed to involvement in cybercrime. Bakare, 27, an indigene of Ijebu Ode, Ogun State claimed his forte is Business Email Compromise, and that he had hacked into different companies outside the shores of Nigeria.

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The scammers had been successful in their ignoble trade, earning a cumulative sum of $1million USD from victims including three foreign airlines through Business Email Compromise fraud. They laundered the proceeds of crime in acquiring properties including real estate and luxury vehicles.

Life was good, but their comeuppance began in September 2020, when Operatives of the Commission, in the course of investigating a case of suspicious transactions and money laundering involving one Kehinde Adelakun, a convicted internet fraudster, stumbled on evidence linking Alvine International Resources Ventures, owned by the second defendant, Sikiru.

The transaction that set off the alarm bell was an inflow of N5million in two tranches from Alvine International Resources Ventures.

Further probing by the investigators, revealed several inflows suspected to be proceeds of unlawful activities in both the Sterling Bank and Polaris accounts of the second defendant. The balance in both accounts: N196,741,216.82 in Sterling Bank and N7, 054,852.01 in Polaris Bank, were swiftly placed on a Post No Debit, to forestall
dissipation of the funds pending the conclusion of investigation and determination of the case.

The second defendant, in his statement to the Commission , admitted that majority of the funds found in his account were from the first defendant, Bakare, who confessed to being into Business Email Compromise, BEC, between 2009 and 2020 and also hacking into the accounts of KLM, Turkish Airlines and British Airways.

The fraudsters were subsequently arraigned before Justice O. A Taiwo of the Lagos State High Court, Ikeja on five-count amended charge bordering on conspiracy and retaining stolen property, an offence contrary to Sections 411 and 328 of the Criminal Law of Lagos State.

One of the counts reads: “Tobilola Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court, conspired to commit felony to wit: retaining cumulative sum of about $1,000.000,00( One Million United States of America Dollars ) property of KLM, Turkish Airways and British
Airways.”

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Another count reads: “Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, sometime in 2020 in Lagos, within the jurisdiction of this Honourable Court , with a dishonest intent, retained four -bedroom detached duplex situated at Ologolo Jakande, Lekki, Lagos.”

They pleaded ‘guilty’ to the charges preferred against them.

Delivering judgment, Justice Taiwo noted that the action of the defendants was “responsible for giving Nigeria a bad image globally, whereby the average Nigerian is looked upon as being untrustworthy and fraudulent”. She convicted and sentenced Bakare, to three years imprisonment on counts 1, 2, 3, 4 and 5, with the option of fine of
N3m (Three Million Naira).

The Judge also convicted and sentenced Sikiru, to three years imprisonment on counts 1 and 5 with an option of fine of N1 million (One Million Naira).

Justice Taiwo also held that the five bedroom duplex situated at Ibrahim Eleto Street, Osopa London, Lekki, Lagos, four bedroom semi-detached duplex situated at Ologolo , Jakande, Lekki, Lagos and another four bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alternative Road, Lekki, Lagos recovered from the first defendant be forfeited to the Federal Government.

The judge further held that the sums of N196, 741, 216.82 recovered from the second defendant’s company, Alvine International Resources Ventures account domiciled in Sterling Bank and N7, 054, 852. 01 recovered from the second defendant’s account domiciled in Polaris Bank be forfeited to the Federal Government

Two vehicles, a Mercedes Benz E500 and a Toyota Hilux 2020 recovered from the first defendant were also ordered forfeited to the Federal Government.

Wilson Uwujaren

Head, Media & Publicity

9 August, 2021

 

 

 

 

 

 

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I Have Delivered On Yahaya Bello Prosecution Promise — EFCC Chairman Olukoyede

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EFCC Chairman, Ola Olukoyede has declared that he has fulfilled his 2024 promise to oversee the prosecution of former Kogi State Governor Yahaya Bello.

Addressing public questions regarding his previous vow to resign if Bello was not prosecuted, Olukoyede stated during an interview on Sunday Politics aired by Channels Television that his mandate to investigate and bring the matter to court has been achieved.

“A sitting governor, because he knew he was about to leave office, moved money directly from government to a bureau de change and used it to pay his child’s school fees in advance $720,000,” Olukoyede said.

He described the alleged action as disturbing, particularly in view of the economic condition of Kogi State.

“In a poor state like Kogi, you want me to close my eyes to that under the excuse that I am being used? Being used by who at this stage of my life?” he asked.

Olukoyede also recalled a public statement he made in April 2024, when he vowed to resign if Bello was not prosecuted.

“If I do not personally oversee the completion of the investigation regarding Yahaya Bello, I will tender my resignation as the chairman of the EFCC,” he had said.

Addressing public concerns over the pace of the case, the EFCC chairman said the commission had fulfilled its responsibility and that the matter is now before the courts.

“Have I not fulfilled that promise? Is Yahaya Bello not being prosecuted? The case is in court,” he said.

He stressed that the EFCC’s role is to investigate and prosecute, not to determine guilt or secure convictions.

“I have three cases against Yahaya Bello. Am I the judge who will decide conviction? I have done my work and fulfilled my mandate,” Olukoyede added.

Bello is currently facing multiple charges before different courts. He is standing trial on a 16-count charge involving alleged property fraud amounting to N110 billion, alongside Umar Oricha and Abdulsalami Hudu.

In a separate case before the Federal High Court, the former governor is also facing a 19-count charge bordering on alleged fraud and money laundering involving N80.2 billion.

The EFCC had earlier declared Bello wanted in April 2024 over alleged financial crimes estimated at about N80 billion, a development that sparked widespread political debate.

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Atiku Issues Stern Warning To Tinubu Govt Over Detention Of Critic Abubakar Musa

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Former Vice President Atiku Abubakar demanded the immediate and unconditional release of Abubakar Salim Musa (known as @AM_Saleeeem on X), a prominent critic of President Bola Tinubu’s administration.

 

Atiku’s statement characterized the arrest as part of a “growing crackdown on dissent” and warned that such repression threatens Nigeria’s democratic future as the nation approaches a critical general election period.

 

Atiku made the call in a statement issued on Monday, following a report by Amnesty International Nigeria on the arrest of the young Nigerian on Sunday, January 11, 2026.

 

“This case is yet another stark example of the repressive nature of the President Bola Tinubu administration, which continues to bare its fangs against dissent, whether expressed through public protests or online criticism,” Atiku said.

 

According to him, Musa’s only offence was his persistent criticism of the worsening security situation in Northern Nigeria and across the country.

 

“Abubakar’s only ‘offense’ was his consistent and legitimate criticism of the deteriorating security situation in Northern Nigeria and across the country,” he stated.

 

Rather than engage with the concerns raised, Atiku said the government resorted to intimidation and prosecution.

 

“Instead of addressing these serious concerns, the government’s response has been to arrest him and subject him to what Amnesty International rightly describes as ‘bogus charges and a sham trial,” he added.

 

The former vice president stressed that Musa’s arrest was not an isolated incident, noting that several Nigerians had suffered similar treatment for expressing dissent.

 

“Numerous Nigerians, including journalists, schoolchildren, entertainers and even NYSC members, have faced arrest, assault and intimidation simply for criticising the President or members of his family,” Atiku said.

 

He warned that such actions pose a grave threat to Nigeria’s democratic foundations.

 

“This dangerous trend undermines the very foundations of democracy, which rest on the protection of fundamental human rights and freedom of expression,” he said.

 

Atiku further argued that Nigeria’s democratic credentials were being eroded by the continued repression of critics.

 

“Nigeria cannot claim to be part of the free world while its citizens are routinely arrested, assaulted and intimidated for voicing criticism of their government,” he stated.

 

With general elections approaching, Atiku cautioned against an atmosphere of fear and repression.

 

“As the nation approaches a critical general election, neither the people nor the opposition can operate effectively in an atmosphere of fear and repression,” he warned.

 

He demanded the immediate and unconditional release of Musa and others detained for exercising their constitutional rights.

 

“I call on the Tinubu administration to immediately and unconditionally release Abubakar Salim Musa and all others detained for exercising their constitutional rights,” Atiku said.

 

He also urged the government to halt arbitrary arrests and intimidation, while calling on the international community to intervene.

 

“I urge the international community, particularly countries and organisations that champion democracy and human rights, to hold the Tinubu regime accountable and demand an end to these violations,” he said.

 

Atiku concluded by calling on Nigerians and civil society groups to resist any further erosion of civil liberties.

 

“I encourage fellow patriots, civil society groups and all Nigerians of conscience to join this demand and stand firmly against any further erosion of our freedoms,” he added.

 

 

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Boko Haram Demands $300,000 Ransom For Abducted Borno Ex-LG Chair, Another Victim

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A new video has emerged showing two men reportedly kidnapped by Boko Haram insurgents in Borno State, pleading for assistance to secure their release.

 

One of the captives, former Biu Local Government Area Chairman Hassan Biu Miringa, revealed that their abductors are demanding a $300,000 ransom.

 

Miringa said he and another individual were taken in December 2025 and have remained in the custody of the militants.

 

In the video shared by Zagazola Makama, Miringa introduced himself, saying: “I am Hassan Biu Miringa, former Chairman of Biu Local Government from 2020 to 2022. Four years after my tenure, we were kidnapped by the soldiers of Khilafa about two weeks ago. Alhamdulillah, we are still alive, but we urgently need help to save our lives.”

 

He added that negotiations with the kidnappers had been underway, with some preliminary agreements reportedly reached.

 

“We have engaged them on four separate occasions and reached an understanding. We appeal to our leaders, especially Borno State Deputy Governor Alhaji Usman Umar Kadafur, the National Assembly representative for Biu, Kwaya, and Shani Hon. Betera Aliyu, as well as our community leaders, to temper justice with mercy and assist us. We are their children and have been working together,” Miringa said.

 

He confirmed the ransom demand, explaining that each captive is expected to pay $150,000, totaling $300,000 for their freedom, and pleaded for urgent intervention to reunite with their families.

 

The video highlights ongoing concerns over kidnappings and insecurity in southern Borno State, which have persisted despite government efforts to curb insurgent activity in the region.

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