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Court orders interim forfeiture of N11.14bn properties linked to former CBN governor Emefiele

Boom RadioNG | June 5, 2024

The Federal High Court sitting in Lagos has today granted an order of interim forfeiture of properties valued at N11,140,000,000.00 linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.

The presiding judge, Justice Chukwujekwu Aneke made the order after a motion ex parte was filed and argued by the counsel to the Economic and Financial Crimes Commission (EFCC), Rotimi Oyedepo SAN alongisde Bilkisu Buhari-Bala and Chineye Okezie in the proceedings.

The court then ordered the interim forfeiture of the properties to the Federal Government and then ordered the EFCC to publish the order in the newspaper for any interested party to show cause why the final order of forfeiture should not be made.

former CBN governor, Godwin Emefiele

The prosecution informed the court that the former CBN governor was suspected of having bought the choice properties by proxy, with the proceeds of fraud mostly located in highbrow parts of the Federal Capital Territory, Abuja.

The EFCC also named three CBN Staff, Obayemi Oluwaseun Teben, Akomolafe Adebayo and Olubunmi Makinde as Emefiele’s accomplices who used their positions and influence to secure retail and special allocation of foreign exchange to different companies in exchange for kickbacks.

Justice Aneke then adjourned till the 21st of June for the hearing of the motion for final forfeiture.


Dolupo Balogun

Written by Boom RadioNG


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