Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria (CBN), has filed applications to challenge the court’s forfeiture of his assets to the federal government led by President Bola Ahmed Tinubu. Recall that Emefiele was ordered to temporarily forfeit $2,045,000 linked to him. Justice Akintayo Aluko of the Federal High Court gave the order, adding that the money was suspected to be proceeds of fraud.....CONTINUE READING THE ARTICLE FROM THE SOURCE
The court also ordered the temporary forfeiture of seven landed properties and shares belonging to the former CBN governor, following an ex parte application argued by the Economic and Financial Crimes Commission ( EFCC)’s prosecution counsel, Rotimi Oyedepo (SAN).
Justice Aluko directed the EFCC to also publish a forfeiture notice in a national newspaper within 14 days, to allow interested parties to come forward and explain why the assets should not be permanently forfeited.
At the resumed hearing on Thursday, September 5, EFCC’s prosecution counsel, Mrs. Bilikisu Buhari-Bala, confirmed compliance with the court’s orders.
Speaking further, she stated that the forfeiture notice was published on August 28, 2024, in The Punch newspaper.
In response, Emefiele’s counsel, Olalekan Ojo (SAN), who led A. Labi-Lawal, urged the court to prioritise his client’s interlocutory application, which seeks to halt further forfeiture proceedings.
After listening to all counsel, Justice Dipeolu adjourned the matter to September 12, for hearing of all applications, Channels TV reported.
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But, reacting via a statement, Dele Oyewale, the EFCC spokesperson, said the story is false.
