By Anifowoshe Oladipupo
Maj. Gen. U.M. Mohammed (retd.), former Managing Director of Nigerian Army Properties Limited (NAPL), is contesting a court order that forfeited his N5 billion shares to the Economic and Financial Crimes Commission (EFCC).
The EFCC had obtained the forfeiture order on August 26, 2025, claiming that the shares were purchased with funds allegedly diverted from fraudulent property sales during Mohammed’s tenure at NAPL.
The investments include stakes in prominent firms such as Cadbury Nigeria, Conoil, and Dangote Sugar Refinery.
In a motion filed at the Federal High Court in Lagos, Mohammed argued that the shares, acquired between 2007 and 2015, were purchased before he assumed the NAPL role in October 2015, and therefore do not constitute proceeds of crime.
He is also challenging the forfeiture on procedural grounds, alleging that the EFCC disregarded his affidavit and denied him a fair hearing after the case was reassigned to a vacation judge without notice.
Mohammed is seeking to have the final forfeiture order set aside. The court has yet to schedule a hearing date.
