Breaking News: Court forfeits 12b properties owned by Emefiele to FG
The Federal High Court sitting in Lagos has permanently forfeited to the Federal Government properties valued at over N11,140,000,000.00 (billion) and N1.04 billion linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke made the order of final forfeiture after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), through its counsel Chineye Okezie.
The judge had on June 5, 2024, upheld the anti-graft agency’s motion filed and argued by its counsel, Mr. Rotimi Oyedepo (SAN), for an interim forfeiture of the property, Daily Trust reported.
Oyedepo informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the proceeds of fraud.
The EFCC named two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.
The trio, according to the affidavit filed in support of the application, are Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde, a former CBN staff and others.
The properties are mostly located in highbrow parts of the Federal Capital Territory (FCT), Abuja.
Justice Aneke ordered the EFCC to publish the order in a national newspaper for any interested party to show cause why the final order of forfeiture should not be made.
Source: Daily Trust
