Court Orders Final Forfeiture Of $4.7m, ₦830m Linked To Emefiele
Written by News Desk on February 21, 2025
The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830 million, and multiple properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Justice Yellim Bogoro in a judgment delivered on Friday also ordered the final forfeiture of investments worth $900,000 traced to one of Emefiele’s close relatives, Anita Joy Omoile.
The court also ordered the final forfeiture of another $4.4m worth of investment traced to Deep Blue Energy Services Ltd as well as another sum of N283m in Zenith Bank traced to Liman Investment Ltd area, €20,000, and £1,999.50, traced to Exactquote Bureau De Change (BDC), all companies linked to Omoile.
At the instance of the Economic and Financial Crimes Commission (EFCC), Justice Bogoro granted the final forfeiture of all the funds to the Federal Government of Nigeria after holding that they were proceeds of unlawful activities.
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