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Court Orders Forfeiture of Emefiele’s $4.9m, N830.9m, Properties

Justice Yellim Bogoro of the Federal High Court in Lagos has ordered the temporary forfeiture of $4,719,054, N830,875,611, and several properties linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele to the federal government. The order followed an ex-parte application by the Economic and Financial Crimes Commission (EFCC), represented by lawyer Bilkisu Buhari.

In her ruling, Justice Bogoro stated, “I have listened to the submission of the applicant’s counsel and reviewed the application along with the supporting affidavit. I find merit in the application and grant it as requested. The applicant should publish this order in a daily newspaper with nationwide circulation for any interested parties to show cause why the final forfeiture order should not be made. The case is adjourned to July 2 for the motion for final forfeiture.”

The EFCC disclosed that the forfeited funds are held in accounts at First Bank Plc, Titan Bank, and Zenith Bank Plc. These accounts are operated by 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.

The properties listed for forfeiture 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 at 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos.
  • Imore Industrial Park 1, Esa Street, Imoore Land, Oriade LCDA, Amuwo Odofin LGA, Lagos.
  • Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro, Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos.
  • Two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B, twin completed property in Lakes Estate, Lekki, Lagos.

Other properties include:

  • One plot measuring 1,038.069 sqm at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA.
  • An estate at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services.
  • A land parcel at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos.
  • A property situated at 8, Bayo Kuku Road, Ikoyi, Lagos.

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