Court orders forfeiture of assets linked to alleged Ponzi scheme

A Federal High Court in Lafia, Nasarawa State, ordered the final forfeiture of multiple properties and cash to the Federal Government following an application by the Economic and Financial Crimes Commission (EFCC). The forfeited assets include a 23-room hotel, a sachet water factory, and a primary school, all linked to Theophilus Oloche Ebonyi, who is accused of unlawful activities. The court ruled that the EFCC provided sufficient evidence to establish that these assets were proceeds of criminal activities.