Nigeria, April 11 -- The Federal High Court in Ikoyi, Lagos State, on Thursday, ordered the final forfeiture of seven landed assets linked to a former staff member of First Bank Nigeria (FBN) to the federal government.

According to a press statement released by the Economic and Financial Crimes Commission (EFCC) on Thursday, the assets comprised a flat and parcels of land mostly in choice estates in Epe and Ibeju-Lekki areas of Lagos State. Only one of the parcels of land is in the Federal Capital Territory (FCT), Abuja.

The properties are suspected by the EFCC to be proceeds from the alleged fraudulent activities of the former bank official, Muiz Adeyinka.

Mr Adeyinka allegedly perpetrated the fraud during his time in the bank's settl...