News
Court Orders Final Forfeiture Of $4.7m, N830m, linked to Emefiele
The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830 million, and multiple properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Justice Yellim Bogoro in a judgment delivered on Friday also ordered the final forfeiture of investments worth $900,000 traced to one of Emefiele’s close relatives, Anita Joy Omoile.
READ ALSO
- Bayelsa Governor Douye Diri Resigns from PDP with 23 Assembly Members
- CAF Announces 2026 World Cup African Playoffs
- Davido Announces 5IVE Alive Tour in Five Cities in Nigeria
- Enugu: Read Full Text of Governor Peter Mbah APC defection speech
- Lagos Re-Arraigns Evans For Alleged Murder Of Two Policemen
The court also ordered the final forfeiture of another $4.4m worth of investment traced to Deep Blue Energy Services Ltd as well as another sum of N283m in Zenith Bank traced to Liman Investment Ltd area, €20,000, and £1,999.50, traced to Exactquote Bureau De Change (BDC), all companies linked to Omoile.
At the instance of the Economic and Financial Crimes Commission (EFCC), Justice Bogoro granted the final forfeiture of all the funds to the Federal Government of Nigeria after holding that they were proceeds of unlawful activities.