The Economic and Financial Crimes Commission (EFCC) has returned ₦125 million to Akinsewa Akiode, a victim of a fraudulent land transaction in Lagos State.

The funds were presented to Akiode on Thursday, August 6, 2026, by officials from the EFCC’s Lagos Zonal Directorate 2, Ikoyi.

The recovery stems from a petition filed by Akiode against one Olufemi Omoola Fashehun.

According to the petitioner, Fashehun collected ₦125 million under the guise of selling a 550-square-meter parcel of land located at No. 10 Kudirat Abiola Way, Oregun, Lagos State.

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An investigation conducted by the anti-graft agency revealed that Fashehun deliberately withheld critical information regarding the property’s legal status. The land had been subject to ongoing litigation since 2011, with multiple court processes and injunctions served on the suspect prohibiting any construction on the site.

Fashehun collected the purchase money without disclosing the active court dispute or the legal restraints in place. As a result, the buyer subsequently lost access to both the property and the structural developments underway on the land, prompting him to seek the intervention of the EFCC.

Following its investigation, the Commission recovered the full amount from the suspect and initiated restitution procedures.

Speaking during the presentation, ACE I Bawa Usman Kaltungo, the Acting Zonal Director of EFCC Lagos Zonal Directorate 2, reaffirmed the agency’s resolve to tackle financial crimes, trace criminal proceeds, and ensure direct restitution to victims of fraud.

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