Cocaine: Bizman KC Luxury’s Cybertruck, hotel, millions frozen - Punch Newspapers

The Federal High Court in Lagos has ordered the interim preservation of properties, luxury vehicles and funds in bank accounts linked to social media influencer and businessman, Afolabi Kazeem, popularly known as KC Luxury, over alleged drug trafficking. Justice Musa Kakaki made the order on September 25 following an ex-parte application filed by the National Drug Law Enforcement Agency on behalf of the Federal Government. A statement obtained by Saturday PUNCH on Friday said the order covered five landed properties, three vehicles and funds in four bank accounts. The accounts listed in the schedule to the order are an FCMB personal business account belonging to Rabiu Lawal, an FCMB corporate account in the name of Next Level Records & Logistics Solution Limited; and a First Bank personal account belonging to Boniface Freeman Ochoche Sule. The matter was adjourned until October 14 for a report of compliance. The preservation order came days before Justice Kakaki dismissed the bail applications filed by Kazeem and two alleged co-conspirators, Sule and Ikechukwu Patriarch, who are facing a 22-count charge bordering on alleged conspiracy, cocaine trafficking and money laundering. The judge ordered the three defendants to be remanded in a custodial facility pending the determination of the charges. The defendants had pleaded not guilty to the charges following their arraignment by the NDLEA on a second amended 22-count charge. Their lawyers, including Abdulakeem Labi-Lawal, SAN; Uche Okoronkwo and Chief Benson Ndakara, had urged the court to admit them to bail, but the NDLEA counsel, Abu Ibrahim, opposed the applications. In dismissing the bail applications, Justice Kakaki said he declined to exercise his discretion in favour of the defendants because of the gravity of the alleged offences, the severity of the punishment prescribed if they were convicted and the possibility that they might jump bail.See more Punch stories on Google.Add Punch on Google The judge also noted that the trafficking of hard drugs had become a menace to society, adding that the case involved a large quantity of cocaine allegedly destined for an international destination. He consequently ordered accelerated hearing and adjourned the matter till November 2, 3, 4 and 5 for trial. The latest preservation order followed a motion ex-parte filed by the NDLEA on September 16, seeking the preservation of assets it said were reasonably believed to be proceeds of unlawful activities, specifically drug trafficking and dealing. In the enrolled order, the court said it had considered the affidavit filed in support of the application and the exhibits attached to it before granting the preservation order. Among the properties covered by the order are property at Block 75A, Surulere Way, Dolphin Estate, Ikoyi, Lagos; a property at Block 33, Plot 46AI, Lekki Peninsula, Eti-Osa LGA, Lagos State; and two plots of land along Pike Street, Obalende, Lagos Island. The order also covers Next Level Hotel & Suites at Plot 246, 21 Road, Egbeda, Lagos. The vehicles listed are a grey Toyota Lexus RX 350, a black 2025 Toyota Hilux and a white 2025 Tesla Cybertruck, all described as unregistered. Drunken policeman’s bullet ended my promising career – Ex-Papa Ajasco videographer Aspirant sues party over presidential ticket Lagos varsities face shutdown as four unions declare strike The funds listed include N1,090,000.80 in the FCMB personal business account of Rabiu Kabiru Lawal and N59,261,848 in the Zenith Bank account of Mallamawa Ventures. The court also ordered the preservation of all funds in the FCMB corporate account of Next Level Records & Logistics Solution Limited and the First Bank personal account of Sule. The NDLEA alleged that Kazeem, Sule and Patriarch conspired with Atandare Oladipupo Oluwarotimi and Latifat Yusuf, who have been arrested in London in connection with the case, to export 184.5kg of cocaine concealed in five consignments to the United Kingdom. The consignments, according to the agency, bore Airway Bill Numbers 2079998314, 8224082370, 2079973571, 7181131742 and 2211893902, with the shipper’s name listed as Yemi Ejide. In the first count of the charge, marked FHC/LAG/CR/755/2026, the NDLEA alleged that the defendants conspired between July 28 and August 1, 2026, to export the cocaine, an offence punishable under Section 14(b) of the National Drug Law Enforcement Agency Act, Cap. N30, Laws of the Federation of Nigeria, 2004. The agency further alleged that Sule procured Patriarch to facilitate the export, while Kazeem procured a staff member of BOT Express Logistics on Lagos Island to process the consignments. Kazeem was also accused of unlawfully possessing the cocaine in preparation for its export. The NDLEA further alleged that he paid N13.2m from a Mallamawa Ventures Zenith Bank account to BOT Express Logistics as consideration for the shipment. The agency alleged that Kazeem funnelled several billions of naira through companies and personal accounts, including Mallamawa Ventures, Fateey Man Multi-Purpose Nigeria Limited, Patonifa Limited, Ade-Lak Resources, Holmestas Global Services Limited and La Capital Enterprises. The NDLEA alleged that the funds were used, among other purposes, to acquire motor vehicles and landed properties in an attempt to conceal the alleged proceeds of the illicit trade. Kazeem was also accused of failing to declare his assets to the agency as required by law. The agency said Kazeem, who presented himself online as a luxury goods dealer and lifestyle influencer, was arrested by its operatives on August 13, 2026, while allegedly attempting to leave Nigeria on a business-class flight to Paris from the Murtala Muhammed International Airport, Lagos. His arrest followed the interception of the 184.5kg cocaine consignment, which the agency estimated to be worth about N39bn. The NDLEA said a subsequent search of Kazeem and his Banana Island apartment led to the recovery of exotic vehicles, foreign currency and jewellery allegedly linked to the proceeds of the illicit trade. The defendants denied the allegations and pleaded not guilty to the charges. The September 25 order is an interim preservation measure and does not amount to a final forfeiture or a determination that the assets are proceeds of crime. Kindly share this story:

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