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Emefiele: Court orders forfeiture of N11.14bn properties linked to ex-CBN Governor for alleged corruption

Mr. Godwin Emefiele, former Governor of CBN

*Justice Chukwujekwu Aneke grants an order of interim forfeiture of choice properties valued at N11,140,000,000.00 linked to Mr. Godwin Emefiele, former Governor of the Central Bank of Nigeria, following a motion ex parte Rotimi Oyedepo, Senior Advocate of Nigeria, SAN, counsel to the Economic and Financial Crimes Commission, has filed and agrgued in the continued proceedings

Isola Moses | ConsumerConnect

The Federal High Court sitting in Lagos, Wednesday, June 5, 2024, granted an order of interim forfeiture of choice properties valued at N11,140,000,000.00 linked to Mr. Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN).

Justice Chukwujekwu Aneke made the order after a motion ex parte Rotimi Oyedepo, Senior Advocate of Nigeria (SAN), counsel to the Economic and Financial Crimes Commission (EFCC), who led Bilkisu Buhari-Bala and Chineye Okezie, had filed and argued in the proceedings.

The court ordered the interim forfeiture of the properties to the Federal Government.

Earlier in his submission, Oyedepo had informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the proceeds of fraud.

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

Besides, Nigeria’s anti-graft Commission named Obayemi Oluwaseun Teben, Akomolafe Adebayo and Olubunmi Makinde, three staff of CBN, as Emefiele’s accomplices who used their positions and influence to secure retail and special allocations of Foreign Exchange (Forex) to different companies in exchange for kickbacks.

Justice Aneke, therefore, ordered the EFCC to publish the order in the newspaper for any interested party to show cause why the final order of forfeiture of the said properties should not be made by the Nigerian court.

The Judge later adjourned proceedings till June 21 for the hearing of the motion for final forfeiture of the properties.

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