Abayomi Susan
A high-rise property in the Victoria Island area of Lagos has reportedly been marked by operatives of the Economic and Financial Crimes Commission (EFCC) amid an alleged fraud investigation.
The property, located at 68 Molade Okoya Thomas Street, off Ajose Adeogun Street, Victoria Island, is reportedly linked to Levitikal Realties and property developer Dr. Samuel Mawuyon Ajose, a former Lagos governorship candidate.
The building was reportedly marked with inscriptions including “EFCC — KEEP OFF” and “EFCC Under Investigation — Keep Off,” prompting concerns among residents, prospective buyers, investors and other stakeholders connected to the development.
Sources familiar with the development reportedly linked the EFCC’s action to an alleged fraud investigation. However, details of the allegations, the parties involved and the scope of the investigation remain unclear.
What Is the EFCC Investigating?
The circumstances surrounding the reported EFCC intervention have not been officially explained.
It is unclear whether the marking represents a temporary investigative measure, a restriction on transactions involving the property or part of a broader enforcement action.
Questions have also emerged regarding the ownership structure of the property, transactions associated with its development and the possible involvement of the individuals or company reportedly linked to it.
As of the time of publication, there was no confirmed public statement from the EFCC providing details of the allegations or establishing any wrongdoing by Dr. Ajose or Levitikal Realties.
It is important to note that an investigation or the marking of a property does not, by itself, establish criminal liability. Any allegations against individuals or entities involved would be subject to investigation and due process.
Caution for Prospective Buyers
The reported EFCC inscription could pose concerns for prospective buyers and investors considering transactions involving the property.
Stakeholders are therefore advised to exercise caution and conduct appropriate legal and regulatory due diligence before entering into any transaction connected to the development.
For now, the reported message on the building remains: “EFCC — KEEP OFF.”
Further clarification from the EFCC and the parties reportedly connected to the property is expected to provide more information on the circumstances surrounding the investigation and the future of the development.
