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Court orders final forfeiture of N12bn properties linked to Emefiele
A federal high court in Lagos has ordered the final
forfeiture of properties worth N12.18 billion.
The properties were linked to Godwin Emefiele, a former
governor of the Central Bank of Nigeria (CBN).
The court ordered the final forfeiture of the properties
after the Economic and Financial Crimes Commission (EFCC) filed a motion to
that effect.
Chukwujekwu Aneke, the judge, had ordered an interim
forfeiture of the properties on June 5.
The properties are located in upmarket areas of the federal
Aneke ordered the anti-graft agency to publish the order in
The properties were listed by the EFCC in two schedules — A
The judge said: “Having carefully considered the application
“That a final forfeiture order of this Honourable Court is
Emefiele is facing multiple counts of fraud and abuse of Click to signup for FREE news updates, latest information and hottest gists everyday
capital territory (FCT).
a national newspaper, for any interested party to show cause why the final
order of forfeiture should not be made.
and B.
and submission of counsel, it is hereby ordered as follows: that a final
forfeiture order of this honorable court is hereby made forfeiting to the
Federal Government of Nigeria, properties contained in Schedule A herein which
were traced and reasonably suspected to have been acquired with proceeds of
unlawful activities.
hereby made forfeiting to the Federal Government of Nigeria, properties
contained in Schedule B herein which properties were traced to have been
acquired with proceeds of unlawful activities.”
office.
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