BREAKING: Court Grants Tinubu’s Govt Forfeiture of N11.1bn Properties Linked to Emefiele

TheTalk.NG journalist Adekunle Dada has over 5 years of experience covering metro and government policy

Lagos state – Justice Chukwujekwu Aneke of the federal high court sitting in Lagos has ordered an interim forfeiture of properties valued at N11,140,000,000 linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN).

Aneke directed the Economic and Financial Crimes Commission (EFCC) to publish the order in a newspaper, allowing any interested parties to contest the final forfeiture.

Court orders forfeiture of N11.1bn properties linked to EmefieleThe federal government granted forfeiture of f N11.1bn properties linked to Emefiele
Photo credit: CBNSource: Facebook

The presiding judge gave the order on Wednesday, June 5.

As reported by TheCable, the court gave the order after the EFCC counsel, Rotimi Oyedepo, filed a suit against Emefiele.

Oyedepo alleged that Emefiele was suspected of purchasing prime properties through proxies using proceeds from fraud.

According to the anti-graft agency, these properties are primarily located in upscale areas of Abuja.

The EFCC also identified three CBN officials — Obayemi Oluwaseun Teben, Akomolafe Adebayo, and Olubunmi Makinde — as Emefiele’s accomplices.

Aneke adjourned the hearing for the motion for final forfeiture to June 21.

Source: TheTalk.NG

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