EFCC recovers N107m for victim of N167.5m Lagos property fraud

The Economic and Financial Crimes Commission, EFCC, has recovered N107 million for a victim who allegedly lost N167.575 million in a disputed property transaction in Lagos.
A statement issued by the agency said the Lagos Zonal Directorate 2 of the EFCC, Ikoyi, handed over bank drafts worth N107 million to the victim through his counsel, Babatunde Oni, SAN.
The recovery followed a petition submitted to the commission by the petitioner through his legal representative, Babatunde Oni SAN & Co.
The petition alleged obtaining money by false pretence, conspiracy and extortion involving some individuals identified as Adeola Ibrahim, Bolanle Bamgbose and others.
According to the petitione...