A Lagos Federal High Court has ordered the interim forfeiture of $2.04 million and seven properties linked to former CBN Governor Godwin Emefiele. The EFCC alleges the assets were acquired through fraudulent activities. The ruling aims to prevent asset dissipation as Emefiele faces multiple corruption charges.
A Federal High Court in Lagos has ordered the interim forfeiture of $2.04 million and seven properties linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Justice Akintayo Aluko granted the order following an application by the Economic and Financial Crimes Commission (EFCC), which is investigating alleged fraudulent activities involving Emefiele.
The properties include luxury real estate in Lekki and Ikoyi, Lagos, and an industrial complex in Delta State. The court's ruling aims to prevent the dissipation of assets suspected to be acquired through unlawful means. Additionally, two share certificates linked to Queensdorf Global Fund Limited Trust, allegedly connected to Emefiele, are also subject to forfeiture.
Justice Aluko mandated the EFCC to publish the interim forfeiture order in a national newspaper and allowed 14 days for any interested parties to contest the forfeiture. This is the latest in a series of asset seizures from Emefiele, who faces multiple corruption charges. The next court hearing is scheduled for September 5, 2024.
