HomeNEWSCourt Orders Forfeiture of Millions and Properties Linked to Ex-CBN Governor Emefiele

Court Orders Forfeiture of Millions and Properties Linked to Ex-CBN Governor Emefiele

-

IMG 20240524 WA0027

By Fasuyi Tolulope Samuel

The Federal High Court in Lagos has issued an interim forfeiture order for $4,719,054, ₦830,875,611, and several properties linked to former Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele.

Justice Yellim Bogoro granted the order on Thursday, May 23, 2024, following an ex-parte application by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari. Justice Bogoro stated, “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support. I find merit in the application and same is hereby granted as prayed.”

The judge directed that the order be published in a daily newspaper, inviting any interested parties to show cause why a final forfeiture order should not be made. The case is adjourned to July 2 for a motion for final forfeiture.

The forfeited sums were said to be held in accounts at First Bank, Titan Bank, and Zenith Bank, operated by entities including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

Properties forfeited include 94 Units of an 11-floor building under construction at 2, Otunba Elegushi 2nd Avenue, Ikoyi, Lagos, AM Plaza, an 11-floor office space at 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos, Imore Industrial Park 1, Esa Street, Imoore Land, Oriade LCDA, Amuwo Odofin LGA, Lagos, Mitrewood and Tatler Warehouse near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos, Two properties from Chevron Nigeria in Lakes Estate, Lekki, Lagos, A plot at Lekki Foreshore Estate Scheme, Block A, Plot 4, Eti-Osa, LGA, An estate at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services, Land at 1, Bunmi Owulude Street, Lekki Phase 1, Lagos and A property at 8, Bayo Kuku Road, Ikoyi, Lagos.

The EFCC sought the interim forfeiture under Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006, Section 44(2)(b) of the Constitution, and the court’s inherent jurisdiction. The EFCC requested the court to grant an interim order forfeiting the funds and properties, suspected to be proceeds of unlawful activities, to the Federal Government.

The EFCC also requested the publication of the interim order, inviting any interested parties to show cause within 14 days why a final forfeiture order should not be made in favor of the Federal Government.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Breaking: House of Representatives Slashes Salaries by 50% to Support Nigerians...

0
Breaking: House of Representatives Slashes Salaries by 50% to Support Nigerians in Economic Crisis Afor Kenneth In a show of solidarity with Nigerians facing economic hardship...
Verified by MonsterInsights