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Court grants request for permanent forfeiture of fraudster’s N2bn assets

By Ayorinde Oluokun

The Nigeria Police Force said it has secured two landmark judgments at the Federal High Court with one of the courts granting its request for permanent forfeiture order of over N2 billion in assets.

In a statement on Wednesday, DSP Anthony Okon Placid said the two judgments were secured through the INTERPOL National Central Bureau (NCB), Abuja.

Placid added that the second judgment affirmed police law enforcement authority.

Giving details of the judgment, Placid said on Tuesday, 14 May 2026, Hon. Justice Emeka Nwite granted a permanent forfeiture order on assets valued at over ₦2 Billion belonging to financial sector staff member Alonge Opeyemi Yetunde and her accomplices in suits (Suit No. FHC/ABJ/CS/274/2026).

He added that the forfeited assets—spanning Lagos, Osun, Delta States, and the FCT—include bank accounts, digital wallets, vehicles, and real estate.

The Force Public Relations Officer said the principal suspect, currently remanded at Suleja Correctional Custodial Centre, is facing charges of fraud and money laundering”

Placid added that in a related ruling on Monday, 13 May 2026, Hon. Justice Bello Kawu dismissed a ₦100 Million Fundamental Rights Enforcement Suit filed by American-based suspect David Imole Averehi against the Nigeria Police Force and the Assistant Inspector General of Police, INTERPOL in Suit No. FCT/HC/CV/4119/45.

Justice Kawu held that the Court cannot be used to obstruct statutory police duties or shield individuals engaged in criminal conduct from justice.

Placid said the ruling enables the NCB to proceed with prosecuting Averehi for obtaining money under false pretences.

“The Nigeria Police Force remains committed to leveraging international partnerships and the full force of the law to pursue financial criminals and protect Nigeria’s economic integrity,” Placid said.