Home News Court orders forfeiture of $2.04m assets linked to Emefiele

Court orders forfeiture of $2.04m assets linked to Emefiele

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Court orders forfeiture of $2.04m assets linked to Emefiele

The Federal High Court in Lagos has ordered another interim forfeiture of $2.045million, seven landed properties and shares linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele

Court orders forfeiture of $2.04m assets linked to Emefiele
Court orders forfeiture of $2.04m assets linked to Emefiele

Justice Akintayo Aluko made the order following an application by Economic and Financial Crimes Commission (EFCC) counsel Rotimi Oyedepo (SAN).

The two share certificates are of Queensdorf Global Fund Limited Trust, while the properties are located in the highbrow Lekki and Ikoyi parts of Lagos State and Agbor in Delta State.

The landed properties are listed as: “Two fully detached duplexes of identical structures at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos; four-bedroom duplex at 12a Probyn Road, Ikoyi; Industrial complex under construction on a 22-plot of land in Agbor, Delta State; eight units of undetached apartments on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.”

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Oyedepo said the money and other items sought to be forfeited were reasonably suspected to be proceeds of unlawful activities.

He relied on Section 17 of the Advanced Fee Fraud and Other Fraud Related Offences Act of 2006 and Section 44 (2)(B) of the 1999 Constitution.

Justice Aluko granted the interim forfeiture of the money, the share certificates, and the landed properties.

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The judge also directed the EFCC to publish the interim forfeiture order in a national newspaper.

It enables anyone interested in the properties to show cause within 14 days as to why the final forfeiture order should not be made in favour of the Federal Government.

Further hearing has been adjourned till September 5.

Emefiele is on trial in different courts for alleged corruption, money laundering and abuse of office.

He pleaded not guilty in all the cases.

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