Court Backs EFCC on N17.1m Forfeiture in Romance Fraud Case

A Federal High Court has granted the Economic and Financial Crimes Commission (EFCC) final forfeiture of N17.1 million linked to an alleged romance fraud scheme, reinforcing the agency’s campaign against cybercrime and financial fraud.

The ruling followed an application by the EFCC seeking the permanent forfeiture of funds recovered during investigations into suspected online criminal activities.

According to court documents, investigators traced the money to accounts believed to have been used in transactions associated with romance scams targeting victims through online platforms. The anti-graft agency argued that the funds represented proceeds of unlawful activities and should be forfeited to the Federal Government.

In delivering judgment, the court held that the EFCC had provided sufficient evidence to support its application. The judge ruled that the funds should remain permanently forfeited in accordance with relevant provisions of the law.

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The EFCC welcomed the decision, describing it as another significant milestone in efforts to combat cyber-enabled financial crimes. Officials said romance fraud schemes continue to pose a threat to individuals and financial systems both within and outside Nigeria.

The commission reiterated its commitment to investigating and prosecuting individuals involved in internet fraud, money laundering, and related offences. It also urged members of the public to exercise caution when engaging with individuals online.

Cybersecurity experts noted that romance fraud has become increasingly sophisticated, with perpetrators often using false identities to gain victims’ trust before soliciting money or personal information.

Financial crime analysts said court-backed forfeitures serve as a deterrent by depriving offenders of illicit proceeds while reinforcing accountability within the financial system.

Legal practitioners observed that asset recovery remains an important component of anti-corruption and anti-fraud efforts. They noted that successful forfeiture proceedings can help discourage criminal activity and strengthen public confidence in law enforcement institutions.

The latest judgment comes amid broader efforts by authorities to tackle cybercrime networks and improve collaboration with international partners on financial investigations.

As online fraud schemes continue to evolve, law enforcement agencies say public awareness, stronger cybersecurity measures, and effective prosecution will remain critical tools in combating digital financial crimes.