The Federal High Court in Abuja has ordered the final forfeiture of assets worth over N335 million, including Galaxy Hospital in Borno State, five filling stations, and several plots of land located in Borno, Niger, and the Federal Capital Territory (FCT), to the Federal Government of Nigeria. This ruling stems from an ongoing fraud-related case, where the court declared the assets as proceeds of unlawful activities.
The decision aims to strengthen the government's fight against corruption and recover illicitly acquired properties. The court’s ruling is expected to serve as a precedent in combating economic and financial crimes by demonstrating the judiciary’s support for asset recovery efforts.
Among the forfeited assets are:
- N335 million cash seized by the authorities
- Galaxy Hospital located in Borno
- Five strategically located petrol filling stations
- Multiple parcels of land across Borno, Niger, and FCT
This development marks a significant victory for the Federal Government’s anti-corruption agencies and reinforces Nigeria’s commitment to transparency and accountability in governance.
The judgment followed thorough investigation and prosecution by relevant law enforcement agencies, and the Federal Government commended the judiciary for its role in ensuring the lawful confiscation of assets linked to financial crimes.