Court Seizes $4.7m, N830m, Multibillion Assets Linked To Emefiele

A Federal High Court sitting in Ikoyi, Lagos, has issued an interim order for the forfeiture of $4,719,054 million USD, N830,875,611 million, and properties associated with the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Justice Yellim Bogoro made the order on Thursday, May 23, 2024 following an ex-parte argued by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.

He said:

“I find merit in the application and same hereby granted as prayed. “The applicant should publish this order in any daily newspapers circulating all over the federation for anybody who is interested to show cause why the final order final order of forfeiture should not be made.”

Among the properties forfeited to the federal government from Emefiele include; 94 Units of 11 Storey building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11 Story Office Space, Situate on 1E,Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos.

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