TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD. (PHOTO). #PRESS RELEASE

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 TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD Troops of 4 Brigade Nigerian Army, Operation WABAIZIGAN, have arrested a suspected kidnapper and recovered an AK-47 rifle and ammunition during a targeted operation along the Benin–Sapele Road in Ikpoba-Okha LGA of Edo State. The suspect, identified as Olamide Oyeniyi, was arrested on 12 September 2026 at Obaretin Community by troops conducting operations to disrupt criminal activities and safeguard major transportation routes within the area. Items recovered from the suspect include one AK-47 rifle, one magazine and eight rounds of 7.62mm Special ammunition. Other items recovered are one Tecno mobile phone, two bags, one torchlight, one music box and assorted charms. The suspect and recovered items are currently in troops’ custody for further investigation, while efforts are ongoing to establish his links to other criminal elements and determine his possible involvement in kidnapping and related activi...
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COURT ORDERS FINAL FORFEITURE OF N1,260,000,00.$327,132.35,£167.85, € 157.90,SUSPECTED TO BE PROCEEDS OF AN UNLAWFUL ACTIVITIES TO FG.{PHOTO}.#PRESS RELEASE.

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   Justice A. Obiozor of the Federal High Court sitting in Ikoyi, Lagos has ordered the final forfeiture of the sums of N1,260,000,000, $327,132.35, £167.85 and €157.90 recovered by the Economic and Financial Crimes Commision, EFCC, to the Federal Government. 
The order came following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, against Heritage Bank Plc and Secure Electronics Technology Limited.
The funds were discovered, following an intelligence report received by the Commission.
The persons in whose possession the funds were found did not lay claim to them and surrendered them for forfeiture.
In an affidavit in support of the application, the applicant stated that “Heritage Bank did not provide any legitimate explanation for the above transactions (involving the sums) and consequently returned the said money through 16 separate bank drafts issued in favour of the EFCC Recovered Funds Account."
Justice Obiozor, in his ruling on August 15 , 2018, had ordered the interim forfeiture of the monies, which were reasonably suspected to be proceeds of unlawful activities, to the Federal Government.
In line with the court order of August 15, 2018, the EFCC had published the interim forfeiture order in the Nation newspaper of August 21,2018 for the correspondents or anyone interested in the money to show cause why the funds should not be permanently forfeited to the Federal Government.
At the hearing on Tuesday, November 13, 2018, the applicant, through its counsel, Ekene Iheanacho, said the respondent had not shown up to lay claim to the money, despite being served with the earlier interim order of forfeiture, motion for final forfeiture and hearing notices on the action.
He , therefore, urged the Judge to order the funds to be permanently forfeited to the Federal Government.
In his ruling, Justice Obiozor held that " the applicant has proved on the balance of probabilities that the funds recovered from the respondents by the applicant were reasonably suspected to be proceeds of unlawful activities."
The Judge, therefore, 
ordered that the various sums of money be permanently forfeited to the Federal Government
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