Court Seizes $4.7m, N830m, Other Properties Recovered From Emefiele

The Federal High Court sitting in Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611, and several properties linked to a former governor of the Central Bank of Nigeria , Mr. Godwin Emefiele.Justice Yellim Bogoro gave the order on Thursday, May 23, 2024, following an ex-parte application by counsel to the Economic and Financial Crimes Commission , Bilkisu Buhari.

His properties forfeited to the Federal Government includes 94 Units of an 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue Road, iKoyi, Lagos; AM Plaza, 11-floor office space, situate on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.

Specifically, the anti-graft asked the court for the following; “An interim order forfeiting to the Federal Government of Nigeria the funds warehoused in the accounts particularized in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.

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