Court orders final forfeiture of $2.045m cash, properties linked to Emefiele

A Federal High Court sitting in Lagos has ordered the former Central Bank of Nigeria, CBN, governor, Godwin Emefiele, to forfeit to the Federal Government, a cash sum of $2.045 million, eight choice properties in Lagos and Delta, as well as two share certificates of a firm.

Justice Deinde Dipeolu ordered the final forfeiture on grounds that the properties are reasonably suspected to have been acquired with proceeds of crime.

The Economic and Financial Crimes commission, EFCC, had alleged that the companies were used to launder funds for the former CBN governor.

Newspot recalls that on August 15, 2024, the court, had authorised the EFCC to temporarily take custody of the assets.