google.com, pub-3998556743903564, DIRECT, f08c47fec0942fa0 Court Orders Forfeiture Of N11.14bn Choice Properties Linked To Emefiele

Court Orders Forfeiture Of N11.14bn Choice Properties Linked To Emefiele

 

Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos made a significant ruling on Wednesday, June 5, granting an order of interim forfeiture of properties valued at a staggering N11,140,000,000.00. 

These properties are allegedly linked to the embattled former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. The judge issued this order following a motion ex parte presented and argued by the counsel to the Economic and Financial Crimes Commission (EFCC), the esteemed Senior Advocate of Nigeria, Rotimi Oyedepo. Oyedepo, supported by Bilkisu Buhari-Bala and Chineye Okezie, laid out the case before the court, leading to the decision to temporarily forfeit the properties to the Federal Government.

During the hearing, Oyedepo apprised the court that Emefiele was under suspicion of acquiring these properties through proxies, utilizing proceeds from fraudulent activities. Notably, these properties are predominantly situated in upscale areas within the Federal Capital Territory, Abuja. The EFCC further implicated three CBN Staff members, namely Obayemi Oluwaseun Teben, Akomolafe Adebayo, and Olubunmi Makinde, as accomplices to Emefiele. Allegedly, these individuals leveraged their positions and influence within the CBN to facilitate retail and special allocation of foreign exchange to various companies, receiving kickbacks in return.

In light of these revelations, Justice Aneke directed the EFCC to publish the order in a widely circulated newspaper, providing an opportunity for any interested party to challenge the final order of forfeiture. The judge scheduled the next hearing for the 21st of June, where the court will deliberate on the motion for final forfeiture, marking a crucial step in this legal battle against corruption.

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