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Ex-CBN Gov, Emefiele distances self from ownership of purported forfeited properties

A Federal High Court in Lagos has ordered the final forfeiture of $4.7 million and N830 million linked to Godwin Emefiele, former governor of the Central Bank of Nigeria .
Justice Yellim Bogoro found the forfeited funds to be proceeds of unlawful activities, as indicated by the Economic and Financial Crimes Commission in its application.
The forfeited assets include properties and funds held in various banks, which were traced to entities and individuals associated with Emefiele.
This ruling is based on non-conviction, meaning it was granted without any criminal conviction of Emefiele, who faces multiple corruption charges.

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Bloomberg

Nigeria Orders Seizure of $4.7 Million From Ex-Central Banker

A Nigerian court ordered the forfeiture of cash and several properties traced to the former governor of the nation’s central bank after determining they were “proceeds of unlawful activity.”

6 hours ago·United States

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Daily Post Nigeria

Ex-CBN Gov, Emefiele distances self from ownership of purported forfeited properties

The immediate past Governor of the Central Bank of Nigeria, CBN, Mr Godwin Ifeanyi Emefiele, has again distanced himself and his immediate family from ownership of properties said to have been forfeited to the federal government on the order of the Federal High Court in Lagos. While admitting that part of the assets belonged to his relatives, Emefiele stated emphatically that neither he nor his immediate family owned the properties in question. …

8 hours ago·Nigeria

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Premium Times Nigeria

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Dateline Nigeria

Court orders final forfeiture of N830m, $4.7m, properties linked to Emefiele

The court gave the order on Friday following a motion on notice filed by the Economic and Financial Crimes Commission (EFCC). The post Court orders final forfeiture of N830m, $4.7m, properties linked to Emefiele appeared first on Premium Times Nigeria.

22 hours ago·Abuja, Nigeria

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Daily Trust

Court orders final forfeiture of millions of dollars, mansions, estates linked to Emefiele - Daily Trust

A Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830million, and multiple properties linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). Delivering judgment on Friday, Justice Yellim Bogoro, who had earlier dismissed an application seeking to arrest Emefiele, granted the final forfeiture application of the Economic and Financial Crimes Commission (EFCC), represented by counsel Bilkisu …

1 day ago

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securitynewsalert.com

Former CBN Governor, Emefiele, Loses N830m, $4.7m, Property

Justice Yellim Bogoro of the Federal High Court, sitting in Ikoyi, Lagos, on Friday, February 21, 2025, ordered the final forfeiture of $4,719,054, (Four Million, Seven Hundred and Ninety-one Thousand Dollars, Fifty-four Cents) and N830,875,611 (Eight Hundred and Thirty Million, Eight Hundred and Seventy-five Thousand, Six Hundred and Eleven Naira) as well as several […]

9 hours ago

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