Police Secure Permanent Forfeiture of Over N2bn in Fraud-Linked Assets

The Federal High Court in Abuja on May 14, 2026, granted the permanent forfeiture of more than N2 billion in assets linked to fraud and money laundering. Those assets belonged to financial sector staff member Alonge Opeyemi Yetunde and her accomplices. They include bank accounts, digital wallets, vehicles and real estate across Lagos, Osun, Delta and the FCT. Yetunde is remanded at the Suleja Correctional Centre on fraud and money laundering charges. In a related ruling, a FCT court dismissed a N100 million fundamental rights suit by American-based suspect David Imole Averehi, allowing INTERPOL to proceed with prosecution for obtaining money under false pretences.

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