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EFCC Returns 11 Recovered Houses To Oil Tycoon Arthur Eze

The Economic and Financial Crimes Commission has returned 11 houses recovered in different parts of Enugu to 73-year-old oil tycoon, Chief Arthur Eze.

This was disclosed in a statement by the commission on Monday.

The houses were recovered by the EFCC from the duo of Okechukwu Eze and Onyeka Eze, administration and finance manager respectively in Arthur Eze’s firm, accused of criminal breach of trust and diversion of funds belonging to the business mogul.

The statement read in part, “Investigation established that the duo who are nephews of Chief Eze used proceeds of their alleged criminal activities to acquire choice properties in Enugu and other parts of South Eastern Nigeria.

“The Commission in the course of the investigation initiated forfeiture proceedings against the two company officials before Justice I.M Buba of the Federal High Court, Enugu, which granted an interim order of forfeiture of the said properties, directing the defendants to show cause why the properties should not be finally forfeited.

“In the absence of any contrary information, the Court on October 18, 2021, ordered that the properties be finally forfeited and returned to the nominal complainant, Chief Arthur Eze.”

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