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VEO News > Blog > Hot Stories > Court Orders Final Forfeiture of N12.18bn Linked to Emefiele
Hot Stories

Court Orders Final Forfeiture of N12.18bn Linked to Emefiele

Samuel Olugbeminiyi
Last updated: 2024/06/22 at 12:33 PM
Samuel Olugbeminiyi Published June 22, 2024
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A Federal High Court in Lagos has issued a final order for the permanent forfeiture of properties valued at over N12.18 billion linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele.

Justice Chukwujekwu Aneke granted the order after reviewing an application by the Economic and Financial Crimes Commission (EFCC) following an earlier temporary forfeiture order issued on June 5.

The EFCC alleged that Emefiele acquired the properties, located primarily in upscale areas of Abuja, through fraudulent means.

Justice Aneke ordered the EFCC to publish the order in a national newspaper for any interested party to show cause why the final order of forfeiture should not be made. 

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TAGGED: Central Bank of Nigeria, Economic and Financial Crimes Commission, Featured, Godwin Emefiele
Samuel Olugbeminiyi June 22, 2024
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