A fraudster posing as someone else directed lawyers to take their fees and wire the remaining balance to a bank account he controlled. That money, $163,592 in proceeds from a fraud carried out in the United States, has now been permanently seized by Nigeria's Economic and Financial Crimes Commission.
The EFCC secured a final forfeiture order, meaning the funds can no longer be recovered by whoever held them. The case is a reminder that proceeds routed through legal-looking channels, including instructions to legitimate lawyers, are still traceable.
What happens to the forfeited funds next is the question worth watching.
Originally published by Premium Times.