The Federal High Court sitting in Lagos State, South-West Nigeria has ordered the final forfeiture of two luxury Mercedes-Benz vehicles and several electronic devices linked to a convicted internet fraudster, Ifeanyi Franklyn Arinze, to the Federal Government.
The order was granted by Justice Yellim S. Bogoro following an application by the Economic and Financial Crimes Commission, EFCC.
The forfeited items include a Mercedes-Benz GLE 53 AMG, a Mercedes-Benz GLC 300 AMG, three iPhones, a Samsung Fold 7 and an iPad.
The EFCC alleged that the properties were acquired through proceeds of internet fraud and money laundering, revealing that Arinze’s Kuda Bank account received over N2.1 billion between August 2022 and February 2026.
The Commission said the final forfeiture followed an earlier interim order, with no individual or organisation coming forward to challenge the seizure.
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(Editor: Terverr Tyav)
