Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, ordered the final forfeiture of 2,041,087,747.00 units of Livingtrust Mortgage Bank Plc, formerly known as Omoluabi Mortgage Bank Plc, valued at N6,674,356,932.69.
The court also ordered the final forfeiture of the sums of N42,461,096.66 and $26.44. The shares and the funds in the accounts were traced to Cititrust Holdings Plc and its subsidiaries. The Judge gave the order, following a motion on notice filed by the Lagos Zonal Directorate 2 of the EFCC, Okotie Eboh, Ikoyi, Lagos through its counsel, Ahmad A Usman.
Justice Ogazi had earlier granted the interim forfeiture of the properties and also ordered the publication of the said order in a national newspaper for any interested parties to show cause why they should not be finally forfeited to the victims…
Court Orders Final Forfeiture of Livingtrust Mortgage Bank’s N6.6bn Shares, N42.4m, $26.44 in Lagos
— EFCC Nigeria (@officialEFCC) April 16, 2025
Justice F. N. Ogazi of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, ordered the final forfeiture of
2,041,087,747.00 units of Livingtrust…
