Judge Orders Interim Forfeiture Of N11.14bn Choice Properties Linked To Emefiele


A Federal High Court, Ikoyi, Lagos, presided over by Justice Chukwujekwu Aneke, today, granted the Federal Government, FG, an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

Justice Aneke arrived at the decision sequel to a motion filed and argued by the counsel for the Economic and Financial Crimes Commission, EFCC, Rotimi Oyedepo, SAN.

The court further directed the EFCC to publish the order in the ThisDay Newspaper for any interested party to show cause why the final order of forfeiture should not be made.

In his presentation before Justice Aneke, Oyedepo, SAN, told the court that the former CBN boss was suspected of having bought the choice properties by proxy with the proceeds of fraud.

The commission named two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.

The properties are said to be mostly located in highbrow parts of the Federal Capital Territory, Abuja.

Justice Aneke adjourned until June 21, 2024, for the hearing of the motion for final forfeiture.

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