The Economic and Financial Crimes Commission has handed over bank drafts worth N107 million to a victim of an alleged property fraud in Lagos.
The drafts were given to him through his lawyer, Babatunde Oni, SAN, by the EFCC Lagos Zonal Directorate 2 in Ikoyi.
The recovery followed a petition alleging obtaining money by false pretence, conspiracy and extortion against some individuals, including Adeola Ibrahim, Bolanle Bamgbose and others.
According to the petition, the victim became interested in a plot of land at Iya Oloye Crescent, off Ikorodu Road, in October 2024.
The land was offered to him for N150 million after it was introduced by Olalekan Kazeem and another person identified as Alfa.
He then hired Bolanle Bamgbose and Associates to do due diligence and handle the deal with the seller’s supposed representative, Monsuru, popularly called Area.
The petition said Ibrahim acted for the law firm alongside Bamgbose.
The EFCC said the victim made several payments, including N163 million to the law firm, N3 million to the agent, Olalekan Kazeem, and N1.575 million to a surveyor. Its investigation put the total at N167.575 million.
After paying, the victim could not take possession of the land because of a dispute over it.
He asked for either the property or a refund but was allegedly unable to get either.
The handover took place on September 30, 2026.
The Acting Zonal Director, ACE I Bawa Usman Kaltungo, said the commission is committed to recovering proceeds of financial crimes and returning them to their rightful owners.
He said the handover shows its duty to make sure victims get justice.
The N107 million is only part of the N167.575 million the victim allegedly lost.
The EFCC said efforts are still on to recover the rest.
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