Rebecca Omokamo Godwin-Isaac and Homadil Realty Limited have secured a significant legal victory after the High Court of the Federal Capital Territory ruled that the Economic and Financial Crimes Commission (EFCC) unlawfully restricted the company’s bank account.
In its judgment delivered on April 23, 2026, in Suit No. FCT/HC/CV/830/2025, Justice M. A. Hassan held that the EFCC exceeded its legal powers by directing Zenith Bank to continue restricting Homadil Realty’s account without first obtaining the necessary court order.
The court explained that while the EFCC could impose an initial restriction for a limited period, any further restriction required judicial approval. However, the Commission issued additional letters directing the bank to keep the account under a “post no debit” restriction.
Justice Hassan described the continued restriction as a blatant violation of Homadil Realty’s constitutional right to property. The judge also stressed that Nigeria operates under democratic principles and the rule of law, meaning every law enforcement agency must exercise its powers within the limits of the law.
The case is particularly significant because the EFCC told the court that its investigation stemmed from a petition submitted on behalf of Colleen Mero Yesufu concerning Plot 4022 in Guzape and Plots 1861 and 1862 in Katampe.
Rebecca’s cross-petition has also raised questions about the alleged roles of Colleen Mero Yesufu, Richard John Idakwogi of Rychado Homes Ltd, and Samuel I. Chime in the dispute. Viewed alongside the various criminal, forfeiture and property-related actions connected to the same matter, the continued restriction of Homadil Realty’s account has raised concerns about whether the company was being subjected to prolonged pressure rather than a balanced investigation.
As part of its judgment, the court ordered the EFCC to pay Homadil Realty Limited ₦2 million for what it described as a gross abuse of power. Zenith Bank was separately ordered to pay another ₦2 million for acting on the unlawful directives, bringing the total compensation awarded to ₦4 million.
The judgment represents an important victory for Rebecca and Homadil Realty Limited and reinforces the principle that no government institution is above the law. It also serves as a reminder that the courts remain an avenue for protecting citizens’ rights and correcting unlawful actions.
Throughout the legal process, Rebecca remained composed and placed her trust in the judicial system. The judgment has now provided a clear judicial affirmation that public institutions must operate within the boundaries established by law.
