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The Federal High Court in Lagos has ordered the final confiscation of $4.7 million, N.830 million guilds, and multiple properties related to Godwin Emefiele.
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The forfeiture request was filed by the Economic and Financial Crime Commission (EFCC), which claims that the funds are the proceeds of illegal activities.
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The funds are held in accounts managed by various individuals and entities, including Anita Joy and several limited companies.
The federal high court in Lagos has ordered the final confiscation of $4.7 million, N330 million, and multiple properties related to former Nigeria Central Bank (CBN) Governor Godwin Emefiele.
Judge Yellim Bogoro made a judgment after a claim for confiscation from the Economic and Financial Crime Commission (EFCC).
According to EFCC attorney Bilkisu Buhari-Bala, the funds are held by accounts managed by individuals and entities, Resources Ltd and TIL Communication Nigeria Ltd.
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These accounts are related to First Bank, Titan Bank and Zenith Bank.
The EFCC claims that the funds are a benefit from illegal activities, invoking Article 17 of the 2006 Advanced Fee Fraud and Other Fraud-related Crime Act and Article 44 (2) (b) of the Nigerian Constitution.
Justice Bogoro ordered the mid-term confiscation and asked the order to be published in a national newspaper, inviting interested persons to show within 14 days why the final confiscation order should not be approved.
753 double-stranded types confiscated by the court
AAC, presidential candidate for the 2023 African Action Conference, Omoyele Sowore said that the 753 double replicators seized by the Abuja High Court belonged to former CBN Governor Godwin Emefiele.
He revealed this in a statement on X on Monday, while reacting to the estate confiscation.
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