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Court orders forfeiture of $2m, 8 properties linked to Emefiele

A Federal High Court sitting in Lagos has ordered the final forfeiture to the federal government, a cash sum of $2.045 million and eight choice properties in Lagos and Delta States linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The court also ordered the final forfeiture of two share certificates of a firm linked to Emefiele.

The presiding judge, Justice Deinde Dipeolu, made the declaration on Friday, November 1, 2024.

Ex-CBN secretary: How Emefiele paid money into niece’s account

Justice Dipeolu said the forfeiture was on grounds that the properties were reasonably suspected to have been acquired with proceeds of crime.

Details later…

The Star

Segun Ojo

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