Alleged N450m Land Fraud: Police Set to Arraign Lilyworth Homes CEO as More Victims Come Forward

 Alleged N450m Land Fraud: Police Set to Arraign Lilyworth Homes CEO as More Victims Come Forward

The Lagos State Police Command is set to arraign the Chief Executive Officer of Lilyworth Homes Ltd, Nnenne Hope Nwizu, over an alleged N450 million land fraud after dozens of complainants accused her of collecting millions of naira for plots of land that were never delivered.

The Lagos State Police Command has intensified its investigation into an alleged multi-million naira land scam, with detectives at the State Criminal Investigation Department (SCID), Panti, preparing to arraign the Chief Executive Officer of Lilyworth Homes Ltd, Nnenne Hope Nwizu, on allegations of obtaining money by false pretence.

According to police sources, Nwizu was arrested in the Ebute-Ero area of Lagos Island before the case was transferred from the Ebute-Ero Police Division to the Anti-Fraud Section of the SCID, Panti, on July 21, 2026, for further investigation.

The investigation followed a petition reportedly filed on July 10, 2026, by Ugwunna Anayo Mark and about 30 other complainants, who accused the property developer of inducing them to purchase plots of land in Nigeria's South-East through Lilyworth Homes Ltd.

The petitioners alleged that each victim paid approximately N9.45 million for the land, but more than two years after payment, they neither received the promised properties nor refunds.

Investigators also discovered that the company allegedly vacated its known corporate office and relocated to an undisclosed location after the transactions, prompting the aggrieved subscribers to petition the police.

Preliminary findings by detectives indicate that the total amount allegedly collected from the complainants is estimated at about N450 million. Police sources further disclosed that more alleged victims have continued to report similar complaints at the SCID, raising the possibility that the number of complainants could increase.

Detectives are also investigating allegations that part of the funds was allegedly diverted to the construction of a large hotel at a location yet to be officially disclosed.

Police sources said the 41-year-old suspect is currently in custody assisting investigators and is expected to be charged to court upon the conclusion of the investigation.

The case forms part of the Lagos State Police Command's ongoing crackdown on financial crimes. Under the leadership of the Deputy Commissioner of Police in charge of the SCID, DCP Dayo Akinbisehin, the command has sustained intelligence-driven operations targeting fraud and other organised criminal activities across the state.

As of the time of filing this report, the allegations remain under police investigation, and no court has made any finding regarding the claims against the suspect.