Justice Yelim Bogoro of the Federal High Court, Lagos, has ordered the final forfeiture of $4.7 million, N830 million, and multiple properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

The judge ordered final forfeiture of the properties belonging to Emefiele while delivering judgment on the matter on Friday. He held that all the properties and funds are proceeds of unlawful activities which are bound to be forfeited to the Federal Government of Nigeria.

Justice Bogoro had earlier dismissed an application filed on the day of the judgment, saying that it was tantamount to arrest of the judgment. He granted the final forfeiture application of the Economic and Financial Crimes Commission (EFCC), represented by its counsel, Mrs. Bilkisu Buhari-Bala.

The funds forfeited to the Federal Government were held in First Bank, Titan Bank, and Zenith Bank accounts managed by individuals and entities including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Limited, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Limited and TIL Communication Nigeria Limited.

https://guardian.ng/news/court-orders-final-forfeiture-of-4-7m-n830m-multiple-properties-linked-to-emefiele/