{"id":4830,"date":"2025-02-22T05:45:37","date_gmt":"2025-02-22T05:45:37","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=4830"},"modified":"2025-02-22T05:45:37","modified_gmt":"2025-02-22T05:45:37","slug":"emefiele-finally-forfeits-4-7m-n830m-properties-to-federal-government","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2025\/02\/22\/emefiele-finally-forfeits-4-7m-n830m-properties-to-federal-government\/","title":{"rendered":"Emefiele finally forfeits $4.7m, N830m, properties to Federal Government\u00a0"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4831\" src=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/02\/OIP-4-300x224.jpeg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/02\/OIP-4-300x224.jpeg 300w, https:\/\/panoramanews.com.ng\/wp-content\/uploads\/2025\/02\/OIP-4.jpeg 332w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Emefiele<\/p>\n<p>By Publisher<\/p>\n<p>Kindly share:<\/p>\n<p>The Federal High Court in Lagos on Friday ordered the final forfeiture of $4.7 million, N830 million, and several properties linked to Godwin Emefiele, the former Governor of the Central Bank of Nigeria, CBN, to the Federal Government.<\/p>\n<div dir=\"auto\">Justice Yellim Bogoro gave the order sequel to the forfeiture request filed by the Economic and Financial Crimes Commission, EFCC.<\/p>\n<p>Bilkisu Buhari-Bala, the EFCC counsel, said the now forfeited funds 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 Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.<\/p><\/div>\n<div dir=\"auto\">\nAlso, the properties affected by the forfeiture order include 94 units of an 11-floor building under construction at 2 Otunba Elegushi 2nd Avenue, Ikoyi, Lagos; AM Plaza, an 11-floor office space on Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1 on Esa Street, Imoore Land, Amuwo Odofin Local Council, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro, Okolomi Village, Ibeju-Lekki Local Council, Lagos; and two properties purchased from Chevron Nigeria, located in Lakes Estate, Lekki, Lagos.<\/p>\n<p>Additional properties include a plot at Lekki Foreshore Estate Scheme, Foreshore Estate, Eti-Osa, Local Council, Lagos; an estate at 100 Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; land at 1 Bunmi Owulude Street, Lekki Phase 1, Lagos; and a property at 8 Bayo Kuku Road, Ikoyi, Lagos.<\/p>\n<p>Justice Bogoro ruled that the activities of the respondents were unlawful.<\/p>\n<p>\u201cI hold that they are not legitimate business activities. I hold that Anita Omoile is a close crony of the former CBN governor, Godwin Emefiele, who has been given undue influence to unlawfully sway dollars from CBN.<\/p>\n<p>\u201cConsequently, I find that all the monies and properties in the schedule are finally forfeited to the Federal Government of Nigeria,\u201d he ruled. The EFCC, through its counsel, Mr. Rotimi Oyedepo (SAN), had cited Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 44(2)(b) of the Nigerian Constitution in its application, seeking an interim forfeiture on the grounds that the funds and properties were suspected to be proceeds of unlawful activities.<\/p>\n<p>The judge held that EFCC\u2019s application had merit and consequently ordered the interim forfeiture and mandated the publication of the order in a national newspaper. Following the failure of the defendants or anyone else to prove that the funds legitimately belonged to them, the judge made the interim order permanent.<\/p><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emefiele By Publisher Kindly share: The Federal High Court in Lagos on Friday ordered the final forfeiture of $4.7 million,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2],"tags":[54,531,53],"class_list":["post-4830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","category-news","tag-central-bank-of-nigeria","tag-economic-and-financial-crimes-commission","tag-godwin-emefiele"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Emefiele finally forfeits $4.7m, N830m, properties to Federal Government\u00a0 - 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