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EXCLUSIVE: FCTA Indicts Rychado Homes, Homadil Realty For Alleged Land Fraud
['Isuma Mark']
The Whistler Newspaper
THE WHISTLER obtained a copy of the FCTA letter dated 15 September, 2025 addressed to lawyer Adebayo Oniyelu of Falana & Falana’s Chambers, Abuja.
While most accused parties ignored FCTA summons, Rychado’s representative, Richard John, admitted encroaching on Plot 1863, claiming he was misled by a fugitive land vendor, he called Zarudeen Bello.
The FCTA report recommended restoring the rightful owners, placing a caveat on the properties, and handing the trespassers over to police for further investigation and prosecution.
Advertisement“It was discovered that Plot 1861 was allocated to May Estate Agency Enterprises; Plot 1862 to Fafam Investment Limited; and Plot 1863 to Adamu Ayeloda Nigeria Enterprises.
The EFCC’s investigation into the forged land titles and suspected insider collusion at AGIS is ongoing, while Homadil Realty Limited and Rychado Group Limited are both facing criminal charges in court.