Court Directs Emefiele to Surrender $4.7m, N830m, Mansions, and Assets


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A Federal High Court in Ikoyi, Lagos, has ordered the interim forfeiture of $4,719,054, N830,875,611, and several properties linked to Godwin Emefiele, the former Governor of the Central Bank of Nigeria.


Justice Yellim Bogoro made the ruling on Friday, May 14, after an ex-parte motion by EFCC counsel Bilkisu Buhari and C.C. Chineye.

The forfeited funds, held in various banks, were associated with individuals and 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.

Emefiele’s properties forfeited to the federal government include a 94-unit building under construction at 2, Otunba Elegushi 2nd Avenue, Ikoyi; AM Plaza, an 11-story office space in Lekki Peninsula Scheme 1; Imore Industrial Park 1 in Amuwo Odofin LGA; a furniture plant warehouse near Elemoro, Ibeju-Lekki; and two properties purchased from Chevron Nigeria in Lekki.


Nigeria’s former Central Bank Governor Godwin Emefiele
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Other properties include land at Lekki Foreshore Estate, a property in Coppel, Texas, land in Lekki Phase 1, and a property on Bayo Kuku Road, Ikoyi.

The EFCC sought the interim forfeiture under the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and the Constitution.

They requested an order to forfeit the funds and properties, which are suspected to be proceeds of unlawful activities, to the Federal Government of Nigeria.

Justice Bogoro, after reviewing the motion and supporting affidavit, granted the interim forfeiture and adjourned the case to July 2, 2024, for the final forfeiture motion.


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