₦986m Diesel Fraud: EFCC obtains court order to seize Lagos property tied to oil scam suspects Hannah Nwaguzor and Ajayi Olushola. Final hearing Sept 2
Diesel Fraud Forfeiture Lagos made headlines as Justice Dehinde Dipeolu of the Federal High Court, Lagos, granted an interim forfeiture order on a property allegedly bought with funds from a N986 million diesel supply scam.
Also read: EFCC alleges former AMCON boss attempted to dispose of fraud linked assets
The ruling followed an ex-parte application by the Economic and Financial Crimes Commission (EFCC), presented by counsel Chineye Okezie.
The property, located at No. 29 Oyindamola Shogbesan Street, Park View Estate, Ago Palace Way, was allegedly funded using proceeds from fraudulent Automotive Gas Oil (AGO) transactions.
According to EFCC, Bohr Energy Ltd and G3 Solid Farms were duped into paying N986 million in May 2024 to Mozann Global Merchants Ltd. The diesel was never delivered.
Investigations revealed N500 million was funneled to Hola Jayu Nigeria Ltd, with N261 million later paid to one Orobosa Michael Ubogu for the disputed property purchase.
The EFCC asserted that the funds were proceeds of crime and sought preservation under the Advance Fee Fraud Act and Constitution.
The court directed public notice inviting claimants to show cause within 14 days.
Also read: Obiano’s money laundering trial postponed again amid EFCC charges
The matter resumes on September 2, 2025, for hearing on final forfeiture.
