Federal High Court in Abuja has ordered the permanent forfeiture of N400 million allegedly connected to Air Vice Marshal (AVM) Mikail Abdulraheem to the Federal Government
The ruling was delivered by Justice Emeka Nwite, who granted the application filed by the Economic and Financial Crimes Commission (EFCC)after finding sufficient merit in the case.
Although the decision was issued on March 17 ,details of the order became publicly available on Thursday.
In his judgment, Justice Nwite ruled that the funds, paid through Cosgrove Investment Limited were reasonably suspected to be proceeds of unlawful activities and should be forfeited to the government.
The court held that the EFCC met all legal requirements under relevant provisions of the Advance Fee Fraud and Other Related Offences Act, 2006
According to EFCC counsel, Abba Muhammed (SAN) the commission had earlier secured an interim forfeiture order on December 31, 2025.
The order was subsequently published in a national newspaper, inviting any interested parties to contest the forfeiture.
However, the court noted that no valid objections were raised within the stipulated period, paving the way for the final forfeiture.
Investigations by the EFCC revealed that the funds were linked to the acquisition of a luxury property located at Chatteaux Estate, Wuse II, Abuja
The property, described as a six-bedroom high-end residence valued at N400 million, was reportedly associated with transactions involving the suspect.
According to an affidavit submitted by Abubakar Kwaido, an EFCC investigating officer, the case originated from intelligence reports on suspected money laundering activities involving public officials and private individuals.
The investigation uncovered financial transactions connected to Aeronautical Engineering & Technical Services Limited (AETSL), an organisation linked to the Nigerian Air Force.
Kwaido stated that AETSL transferred funds in two tranches — N100 million in December 2013 and N22 million in January 2014— to a company allegedly linked to Abdulraheem.
The company, Mofaza-Mafoz Nigeria Limited reportedly received the funds through an account domiciled with Ecobank.
Further findings suggested that Abdulraheem was associated with multiple companies, including Mofaza-Mafoz Nigeria Limited and Mofaza Technologies Nigeria Limited.
The EFCC maintained that the funds formed part of proceeds suspected to have been unlawfully acquired and laundered through property investments.
The court’s decision reinforces ongoing anti-corruption efforts aimed at recovering assets linked to illicit financial activities in Nigeria.
