Nigeria, Aug. 8 -- The Economic and Financial Crimes Commission (EFCC) has handed over N125 million recovered from an alleged land fraud suspect to a Lagos businessman, Akinsewa Akiode.

According to a statement on Friday by EFCC spokesperson Dele Oyewale, the money was presented to Mr Akiode on Thursday by the commission's Lagos Zonal Directorate 2 in Ikoyi after an investigation into a petition he filed over the disputed property transaction.

The statement stated that Mr Akiode alleged that Olufemi Fashehun collected N125 million from him for the sale of a 550-square-metre parcel of land at No. 10, Kudirat Abiola Way, Oregun, Lagos.

He later discovered, however, that the property had been the subject of litigation since 2011, a fact t...