The Federal High Court, sitting in Lagos has ordered the final forfeiture to the Federal Government, of the sum of $1.4 million, linked to a former Central Bank of Nigeria Governor Godwin Emefiele.Justice Ayokunle Faji gave the order after hearing an application filed and argued by the Economic and Financial Crimes Commission .
The EFCC counsel told the court that the application is pursuant to Section 17 of the Advance Fee Fraud and Other Fraud-related Offences Act No. 14 2006, and section 44 of the 1999 Constitution of the Federal Republic of Nigeria.Buhari also told the court that the application for the final forfeiture of the said sum has been established to be proceeds of unlawful activities.
He said that the Commission, whilst investigating the monumental fraud carried out by the erstwhile CBN governor and his cronies, discovered a huge amount of money warehoused and concealed in the account of domiciled in Titan Trust Bank. According to him, some of the brains behind the fraudulent concealment of funds reasonably suspected to have been proceeds of unlawful activities of Emefiele are the natural persons behind DL: Uzeobo Anthony and Adebanjo Olurotimi who are directors of DL.
“The said credits came into the account on the 9th of November 2021: $6,450,000; 15th of November 2021: $6,050,000.00; 16th of December 2021: $5,400,000.00; 23rd of December 2021: $652,000, 31th January 2022: $3,000,000.00 and on the 21st September 2022: $5,000,000.00. Find attached and marked EFCC 1 the Titan Trust bank account of Donatus Limited evidencing the inflows.
“That it is the balance in the account that the applicant seeks to forfeit to the Federal Government of Nigeria which has been traced to be the proceeds of unlawful activities of and his cronies.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Again, Court Orders Forfeiture Of $1.4m Linked To EmefieleA Federal High Court sitting in Lagos has again ordered the interim forfeiture of the sum of $1.4m linked to Godwin Emefiele.
Source: channelstv - 🏆 7. / 63 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »
Source: thecableng - 🏆 2. / 80 Read more »
Court Orders Final Forfeiture Of Varsity Owned By Ex-Civil Servant To Kaduna StateThe Latest News from Nigeria and Around the World
Source: channelstv - 🏆 7. / 63 Read more »
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »