Properties valued at over N11,140,000,000.00 (Eleven Billion One Hundred and Forty Million Naira) and N1.04 Billion (One Billion Forty Million Naira) connected to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been ordered to be
forfeited by the court
The Economic and Financial Crime Commission (EFCC) presented and argued an application through his attorney, Chineye Okezie, and Chukwujekwu Aneke issued the final confiscation order in response. to seized by the Federal Excessive Court docket in Lagos.
The EFCC had alleged that the properties had been acquired with cash derived from fraud.
The Fee had beforehand obtained an interim confiscation order on June 5, 2024, argued his lawyer, Rotimi Oyedepo (SAN).
The properties, listed in two lists (A and B), embody outlets, flats, land, and flats situated in Maitaima areas of the Federal Capital Territory (FCT), Abuja.
The properties had been traced and fairly suspected to have been bought with the proceeds of unlawful actions. The EFCC alleged that Emefiele used proxies, together with two present and one former CBN worker, to acquire the
The workers had been recognized as Obayemi Oluwaseun Teben, Akomolafe Adebayo, and Olubunmi Makinde (now former workers member).
In keeping with the EFCC, the properties had been acquired through fraudulent means, together with the usage of proceeds from unlawful international change transactions.
The fee alleged that CBN workers members used their positions and affect to save retail gross sales and particular allocation of international change to totally different corporations in exchange for bribes.
The courtroom order was issued after neither get-together appeared to problem the interim confiscation order.
The properties can be confiscated by the Federal government of Nigeria
