A Federal High Court in Abuja has ordered the final forfeiture of N400 million allegedly connected to Mikail Abdulraheem to the Federal Government.

Justice Emeka Nwite granted the application after counsel to the Economic and Financial Crimes Commission, Abba Muhammed, SAN, moved the motion, describing the request as justified under the law.

Although the ruling was delivered on March 17, the enrolled order became publicly known on Thursday in Abuja. In his decision, Justice Nwite held that the anti-graft agency had met all legal requirements for the forfeiture, ruling that the funds were reasonably suspected to be proceeds of unlawful activities.

The order directs that the N400 million, said to have been paid at the instance of Abdulraheem to Cosgrove Investment Limited, be permanently forfeited to the Federal Government.

The EFCC had approached the court through a motion on notice filed on February 3, seeking the final forfeiture under Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006. The commission maintained that the funds were linked to illicit dealings and should not be retained by any private party.

According to the agency, an earlier interim forfeiture order had been granted on December 31, 2025, and subsequently published in Vanguard newspaper on January 8 to allow interested parties the opportunity to contest it. However, no valid objections were presented within the stipulated period.

In an affidavit supporting the motion, EFCC investigator Abubakar Kwaido explained that the case stemmed from intelligence reports on the acquisition of high-end properties by public officials and private individuals using unlicensed bureau de change operators to launder suspected illegal funds.

Investigations reportedly uncovered a luxury property located in Wuse II, Abuja, described as a six-bedroom mansion under development by Cosgrove Investment Limited in collaboration with Aeronautical Engineering and Technical Services Limited (AETSL).

Kwaido stated that AETSL, a company linked to the Nigerian Air Force, transferred N122 million in two instalments to a company identified as Mofaza-Mafoz Nigeria Limited, allegedly associated with Abdulraheem. The transactions, he said, formed part of the financial trail examined by investigators.

The court ultimately agreed with the EFCC’s position, concluding that the funds in question were sufficiently linked to suspected unlawful activities and should be forfeited to the government.