The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, Ikoyi, has handed over ₦107 million recovered from a disputed property transaction to a Lagos resident who petitioned the commission over the matter.

According to the EFCC, the petitioner had paid ₦167.575 million in connection with a property transaction but was unable to take possession of the land after a dispute arose over the property. Efforts to either recover his money or secure possession of the property were reportedly unsuccessful.

The petitioner subsequently approached the EFCC through Babatunde Oni SAN & Co., alleging obtaining money by false pretence, conspiracy and extortion. Following its investigation, the commission said it recovered ₦107 million, which was returned to the petitioner on September 30, 2026.

The EFCC described the recovery as part of its efforts to protect members of the public from fraudulent transactions and recover funds lost through financial crimes. The commission’s intervention also underscores the risks associated with disputed property transactions and the importance of conducting proper due diligence before making substantial payments for land or other real estate.

The development was disclosed by the EFCC in a statement reported on October 5, 2026, highlighting the commission’s continued recovery of proceeds linked to alleged economic and financial crimes.