Federal High Court Orders Final Forfeiture Of Properties Linked To Ex-CBN Gov., Godwin Emefiele

Date: 22-06-2024 5:52 pm (4 weeks ago) | Author: Mister Jay Wonder
- at 22-06-2024 05:52 PM (4 weeks ago)

In a significant legal development, the Federal High Court sitting in Lagos has decreed the permanent forfeiture of properties worth over N12.18 billion linked to former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to the Federal Government.

Justice Chukwujekwu Aneke delivered the ruling on Friday, following the Economic and Financial Crimes Commission's (EFCC) application. The EFCC, represented by counsel Chineye Okezie, argued convincingly for the final forfeiture of the properties.

This decision comes after the court had earlier granted a temporary forfeiture order on June 5, 2024, in response to a motion filed by the EFCC's lead counsel, Rotimi Oyedepo, SAN. Oyedepo had alleged that Emefiele acquired the properties through proxies using proceeds from fraudulent activities during his tenure as CBN governor.

The EFCC's investigation named two current and one former CBN staff members as accomplices to Emefiele in the alleged financial misconduct. These individuals were identified as Obayemi Oluwaseun Teben, Akomolafe Adebayo, and Olubunmi Makinde, a former CBN staff.

In his ruling, Justice Aneke stated, "Having thoroughly reviewed the application and the submissions of counsel, I hereby order the final forfeiture of properties listed in Schedule A, which are reasonably suspected to have been acquired with proceeds of unlawful activities, to the Federal Government of Nigeria."

The forfeited properties predominantly situate in upscale areas of the Federal Capital Territory (FCT), Abuja, underscoring the scale and value of assets involved in the case.

This verdict marks a crucial step in the EFCC's efforts to combat financial crimes and ensure accountability in public office. The ruling has stirred considerable public interest and discussions regarding transparency and accountability in governance.

Efforts to reach Godwin Emefiele or his legal representatives for comments on the court's decision were unsuccessful at the time of reporting.

As the legal proceedings unfold, the outcome of this case will likely influence future anti-corruption measures and the handling of financial misconduct cases involving high-profile individuals in Nigeria.

Posted: at 22-06-2024 05:52 PM (4 weeks ago) | Addicted Hero
- gogoman at 22-06-2024 06:05 PM (4 weeks ago)
Online (m)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 22-06-2024 06:05 PM (4 weeks ago) | Grande Master
- Jiiitk4 at 23-06-2024 10:27 AM (4 weeks ago)
Online (m)
Only properties belonging to South Easterners and South Southerners are ordered for forfeiture by Nigerian courts . The worst looters in Nigeria the North and South Westerners are untouchable.
Posted: at 23-06-2024 10:27 AM (4 weeks ago) | Gistmaniac
- Dopybadass at 23-06-2024 01:25 PM (3 weeks ago)
Na wa oh, the country Nigeria is currently under it's worst night mare in the hands of APC tinibu and his cabals
Posted: at 23-06-2024 01:25 PM (3 weeks ago) | Gistmaniac