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Ex-CBN Governor Emefiele to forfeit $4.7m, N830m, properties, others to FG

The Federal High Court sitting in Ikoyi, Lagos has granted the interim forfeiture of $4,719,054, N830,875,611, and other assets linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The order was issued on Friday, 24th May by Justice Yellim Bogoro after an ex-parte motion by the Economic and Financial Crimes Commission (EFCC).

Bilkisu Buhari, counsel to the anti-graft agency, filed the ex parte application for the forfeiture.

The funds that have been forfeited to the federal government in the interim are said to be domiciled in First Bank, Titan Bank and Zenith Bank, being operated by 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.

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The properties include 94 Units of an 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue Road, Ikoyi, Lagos; AM Plaza, 11-floor office space, situated on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, block b lot twin completed property in Lakes Estate. Lekki, Lagos.

Others are one plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and property situated on 8, Bayo Kuku Road, lkoyi, Lagos.

Emefiele is currently facing multiple trials over alleged abuse of office, unauthorised printing of the naira, and procurement fraud.

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