Federal High Court Orders Interim Forfeiture of Emefiele’s Assets Worth Billions
Written by Jerry Alomatu on May 24, 2024
A Federal High Court in Ikoyi, Lagos, has granted an interim forfeiture order of $4,719,054, N830,875,611, and several property worth hundreds of million linked to former Central Bank Governor Godwin Emefiele. Justice Yellim Bogoro issued the order following an ex-parte motion by EFCC counsel Bilkisu Buhari and C.C. Chineye.
The forfeited funds, held in various banks, were associated with several entities including Omoile Anita Joy, Deep Blue Energy Service Limited, and others. Emefiele’s forfeited properties include prime real estate holdings in Lagos, comprising residential and commercial developments, as well as land acquisitions.
The EFCC had invoked sections of relevant laws to seek the forfeiture, alleging the funds and properties were proceeds of unlawful activities. Justice Bogoro, after reviewing the submissions, granted the interim forfeiture, scheduling the case for a motion for final forfeiture on July 2, 2024.
Additionally, the court ordered the publication of the interim order in a national newspaper, inviting interested parties to show cause within 14 days why the assets should not be permanently forfeited to the Federal Government.
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Author: Jerry Alomatu
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