Categories
AFNewsNG Logo
Crime Special Report

Court seizes $4.7 million, N830 million, assets linked to Emefiele

Thompson Nsisongabasi

May 24, 2024

mail
The Federal High Court in Ikoyi, Lagos, has ordered an interim forfeiture of the sums of $4,719,054 million, N830,875,611 million, and several properties linked to Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN).

READ ALSO: How NDLEA Finally Captured Drug Kingpin Who Killed Three Officers After 12 Years on the Run

The presiding judge, Justice Yellim Bogoro made the order on Thursday, May 23, 2024 following an ex-parte motion by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.

READ ALSO: Popular Islamic Cleric Found Dead In Zamfara

"I find merit in the application and same hereby granted as prayed.

READ ALSO: INEC Sued Over 'Missing' 55.9bn 2019 Election Funds

"The applicant should publish this order in any daily newspapers circulating all over the federation for anybody who is interested to show cause why the final order final order of forfeiture should not be made," Justice Bogoro held.

READ ALSO: Super Eagles midfielder Alex Iwobi named Baller of the Week after standout Premier League performance

The monies forfeited to the Federal Government in the interim, were said to be warehoused in some banks 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.

READ ALSO: BREAKING: House of Reps asks Tinubu's govt to suspend SAMOA Agreement Over Controversial Clauses

Emefiele's properties forfeited to the federal government include; 94 Units of 11 Storey building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11 Story Office Space, Situate 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 2 properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot.Twin Completed property Lakes Estate. Lekki, Lagos.

READ ALSO: Abia: 8 Points Made By PDP Governors During Their Meeting In Aba

Others include; 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 a Property Situate on 8, Bayo Kuku Road, lkoyi Lagos.

READ ALSO: I Wonder What They Smoke At The Aso Villa - Ortom Fires Presidency |SEE DETAILS

The EFCC had approached the court for an interim forfeiture of the monies and properties, pursuant to Section 17 of the Advance Fee Fraud and other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.

READ ALSO: 2 Billion Scandal: Inside Gavice Logistics, EFCC's Probe, and the Future of Its CEO

Specifically, the anti-graft asked the court for the followings; "an Interim Order forfeiting to the Federal Government of Nigeria the funds warehoused in the accounts particularized in Schedule 'A' which funds are reasonably suspected to be proceeds of unlawful activities.

READ ALSO: How NDLEA Uncovered a Massive Lekki Drug Lab and Arrested Its Saudi-Bound Owner | SEE PHOTOS

"An Interim order forfeiting to the Federal Government of Nigeria Properties provided in 2nd Schedule 'B' which are proceeds of unlawful activities.

READ ALSO: How Suspects Used Fake Alert to Acquire 75m Mercedes Benz GLE In Kano

"An Order directing the publication In any National Newspaper, the interim order under reliefs 1-2 above, for anyone who Is interested in the properties and funds sought to be forfeited to appear before this Honourable Court to show cause within 14 days why the final order of forfeiture of the sald properties and funds should not be made in favour of the Federal Government of Nigeria."

READ ALSO: T0P ST0RY: Reps Reveal Those Sabotaging Refineries Investigation

After he had taken submission of the EFCC's counsel held, Justice Bogoro said: "I have listened to the submission of the applicant's counsel and also perused the motion just moved, together with the affidavit in support."

READ ALSO: B-OOM: I Didn't Know My Dad Was Rich Till I Was 13 - Davido Reveals

The case was adjourned to July 2, 2024 for motion for final forfeiture.

Related Stories

""

— Thompson Nsisongabasi

Join the Conversation

Signed in as Member