The former bank staff first lost seven properties because of the alleged N35BN fraud

Judge Dehinde Diheolu from the Federal High Court sitting in Ikoyi, Lagos, on Thursday, April 10, 2025, ordered the final confiscation of seven properties related to one Muiz Tijani Adeyinka, a former First Bank PLC staff.

Adeyinka is thought to have been part of a group that “benefits from illegal, illegal and cheating activities towards First Bank Nigeria PLC”.

A statement by Dele Oyewale Head of Media & Publicity at the Economic and Financial Crimes Commission (EFCC) stated that “Investigations have so far revealed and traced the number of N35 billion that benefited from Adeyinka and their cronies”.

Properties are: plot 9, block 28 iTunu City, Veritas Homes & Properties Ltd., Aiyetoro, Epe Lagos State; A three-bedroom flat is described as block A, 6th floor, flat 2 (block A/6/2) Le Moriah Residences Estate, outside Kusenla Road, Ancient City of Tikate, Penninsula Lekki, Eti-Osa Lga, Lagos State; A field of land known as Block L1, Plot 13, Amen Estate, Ill Phase Extension, Abomiti Zone, Lekki/Epe Express Way Lga, State Lagos; A plot of land known as Block 3, Plot 13, Arizon Estate, in the allocation of the Idera scheme through Eleko Junction Ibeju-Lekki LGA; One of the plots of land in the Arizone Estate, the Idera scheme, LBeju-lekki LGA and a piece of land in the Aiyetoro Residential ITUNU, Ibeju-Lekki LGA.

Others are: A plot of land known as plot 7, block 4 of iTunu City, Veritas Homes & Properties Ltd, Aiyetoro Epe Lga, Lagos; A plot of land known as Plot 1, IDO Gwari 2 Extension, in Ochacho Real Homes, Ido-Gwari 2 Extension, Lifecamp, Abuja and a plot of land known as Block Q, Plot 25, Tiara by Amin City Limited, along the Lekki/Epe Express scheme, the re-residential scheme

The judge gave an order, following a motion about the notification submitted by the Directorate of Zonal Lagos 1 from EFCC through his lawyer, Zeenat Atiku.

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Judge Dipeolu had previously ordered the temporary confiscation of property and also ordered the publication of the order in the national newspaper for each interested party to show the reasons why property should not be forfeited to the federal government.

Moving the application for the last confiscation on Thursday, Atiku told the court that “no one showed the cause in the 14 -day window given after publication.

Atiku also stated that the application was supported by a written statement that was overthrown by Isah Yusuf Nadobo, an EFCC operation.

In a written statement, Nadobo told the court that Tijani worked at the bank’s settlement office and that he had the capacity to carry out several accessible accesss was only available in the office based on his office.

He stated further in a written statement that “Therefore, he carried out illegal, illegal and cheating activities towards First Bank Nigeria PLC.

“Investigations have so far revealed and tracked the number of N35 billion which benefited from Adeyinka and their cronies”.

Atiku, therefore, told the court that the property traced to the Muiz was allegedly obtained with the results of activities that violated the law.

After listening to the EFCC advisor, Judge Dipeolu argued that he found services in the applicant’s argument and ordered the final seizure of property to the Nigerian Federal Government.

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