Home News Federal High Court Orders Interim Forfeiture Of N11.14 Billion Linked To Ex-CBN Governor Godwin Emefiele
News

Federal High Court Orders Interim Forfeiture Of N11.14 Billion Linked To Ex-CBN Governor Godwin Emefiele

296

A Federal High Court in Lagos has granted an interim forfeiture order for properties valued at N11.14 billion linked to former Central Bank of Nigeria (CBN) governor Godwin Emefiele.

Justice Chukwujekwu Aneke made the ruling on Wednesday following a motion filed by the Economic and Financial Crimes Commission (EFCC).

EFCC counsel Rotimi Oyedepo (SAN) argued that the properties, primarily located in high-end areas of the Federal Capital Territory, Abuja, were acquired by proxy using fraud proceeds.

Oyedepo identified a former CBN staff member and two current employees as Emefiele’s accomplices in the alleged scheme.

Justice Aneke instructed the EFCC to publicise the interim forfeiture order in the ThisDay newspaper, allowing any interested parties to present their case before a final forfeiture decision is made.

The court has scheduled a hearing for the motion for final forfeiture on June 21.

Also, Justice Ayokunle Faji directed the EFCC to publish the forfeiture order in a national newspaper.

He mandated that any individuals with claims to the funds must appear within 14 days to justify why the funds should not be permanently forfeited to the Federal Government.

The court order resulted from an ex parte application marked FHC/L/CS/232/2024, presented by EFCC counsel Bilikisu Buhari-Bala. Buhari-Bala asserted that the funds in question were reasonably suspected to be proceeds of Emefiele’s unlawful activities.

The former CBN governor is currently embroiled in three separate criminal trials.

Read: Police Arrest Zamfara Assembly Member, Former LGA Chairman Over Banditry

About The Author

Related Articles

NewsWorld

Nigerian U.S. Embassy and ICIR Cancel Training on “Foreign Influence” in Nigeria After WAW’s Report, Trump’s Foreign Policy Shift

A controversial U.S.-funded media training programme in Nigeria through the International Centre...

CSS tariff
News

CSS Heads to Moscow for Strategic Consultations with Russia

The foreign ministers of the Confederation of Sahel States (CSS), comprising Burkina...

M23 Rebels
NewsSecurity

DR Congo, M23 Rebels to Hold First Direct Talks in Qatar on 9 April

The Democratic Republic of Congo (DRC) and M23 rebels will hold their...

U-17 Africa Cup
NewsSports

CAF U-17 Nations Cup: Golden Eaglets Absent as Morocco Thrash Uganda in Opener

The TotalEnergies U-17 Africa Cup of Nations is underway in Morocco, and...