Alleged N2.5bn Fraud: Businessman’s Bid to Vacate Property Forfeiture Order Suffers Setback 

THISDAYLIVE | 03-10-2026 11:43am |

The hearing on a motion to set aside an interim forfeiture order against properties belonging to businessman Abdullahi Saidu was adjourned until October 16. The Economic and Financial Crimes Commission (EFCC) had obtained an ex parte order to temporarily seize Saidu's assets pending the determination of a suit bordering on alleged N2.5 billion fraud. Saidu is challenging the order issued by Justice Musa Liman of the Federal High Court, Abuja. The adjournment followed information from EFCC's lawyer, Mr. J.N Dongonyaro, that he was yet to file a reply to Saidu's application.

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