A Federal High Court sitting in Lagos has ordered the final forfeiture of another $1.4 million linked to a former Governor of the Central Bank of Nigeria, Godwin Emefiele.
Justice Olayinka Faji in his ruling today agreed with the Economic and Financial Crimes Commission (EFCC), that the sum was proceeds of unlawful activities and must be forfeited to the Federal Government.
Through its counsel, Bilkisu Bahari-Bala, the EFCC had told the court that the sum of $1,426,175.14 was found in the account of Donatone Limited and that investigations confirmed the money was linked to fraudulent activities.
An affidavit deposed by an EFCC investigator, David Jayeoba, revealed that intelligence reports led to the discovery of funds concealed the company’s account.
