Court orders final forfeiture of $1.4m linked to Emefiele

A federal high court in Lagos has ordered the final forfeiture of $1,426,175.14 linked to Godwin Emefiele, former governor of the Central Bank of Nigeria .

In an affidavit filed in support of the final forfeiture application, David Jayeoba, an EFCC investigator, said the anti-graft agency uncovered the money through credible and direct intelligence. “Uzeobo Anthony and Adebanjo Olurotimi were procured by Godwin Emefiele and used to conceal, retain and disguise funds reasonably suspected to be proceeds of unlawful activities.“Between 2021 and 2022, when accessibility to forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source forex.

“One of the entities paid a total sum of $26,552,000.00 into the account domiciled in Titan Trust account number 2000000500.

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