WATCH THE VIDEO HERE The Federal High Court in Lagos has ordered the final forfeiture of $2.045 million and seven properties, all linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. This was disclosed in a statement by the Economic and Financial Crimes Commission (EFCC). The ruling was issued on Friday, November 1, 2024, by Justice Dehinde Dipeolu, following a motion brought by the Economic and Financial Crimes Commission (EFCC) alleging that the assets were acquired through unlawful means. Justice Dipeolu’s ruling was based on a motion filed by EFCC’s Senior Advocate of Nigeria (SAN), Rotimi Oyedepo stating that the EFCC had reason to believe these assets were acquired from proceeds of unlawful activities tied to Emefiele’s previous roles in the banking sector. According to Justice Dipeolu, “The conclusion that can be deduced is that there must be something dark about the acquisition of the properties which Emefiele and the companies do not want to come to light.” He further ruled, “The interested party has failed to demonstrate any lawful interest in the properties and that they were acquired from his legitimate earnings. I, therefore, order the final forfeiture to the Federal Government of Nigeria of all those properties… which are reasonably suspected to have been acquired with proceeds of unlawful activities.”
Court orders final forfeiture of $2m, seven properties linked to Emefiele
