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The case was struck out by presiding judge, Justice Abdulaziz Anka on Monday, April 24, for being incompetent.
Obanikoro and his family filed the fundamental rights enforcement suit against the EFCC for what they described as an unlawful seizure of their properties and violation of their rights to privacy.
Justice Anka noted that the Obanikoro homes were searched by the EFCC based on valid search warrants issued by the Lagos State Magistrates’ Court.
The judge explained further that he could not declare the seizure null and void as that could tamper with the EFCC’s rights to submit the seized items as evidence in a possible criminal case against the Obanikoros.
Obanikoro has been accused of laundering about N4.745 billion, which he got from the office of former National Security Adviser, Sambo Dasuki.