Court orders final forfeiture of Emefiele’s $4.7m, N830m, property

The Federal High Court in Lagos on Friday ordered the final forfeiture of $4.7 million, N830 million, and multiple properties linked to the embattled former Central Bank of Nigeria, CBN Governor, Godwin Emefiele.

Justice Yellim Bogoro ordered that the monies and properties be handed over to the federal government after dismissing an application filed by the respondents, seeking to stop the final forfeiture request made by the Economic and Financial Crimes Commission (EFCC).

The forfeited funds were held in accounts at Titan Bank and Zenith Bank and were managed by various individuals and entities, including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

The anti-graft agency also listed the landed properties to include 94 Units of an 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, Ikoyi, Lagos; AM Plaza, 11-floor office space, situated on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos State, and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot twin completed property in Lakes Estate, Lekki, Lagos.

Others include one plot of land measuring 1,038.069 sqm at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; an estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; a land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a property situate on 8, Bayo Kuku Road, lkoyi, Lagos.