Court fixes Nov. 1 to rule in final forfeiture of $2.045m, properties linked to Emefiele
The Federal High Court in Lagos has set November 1, 2024 to decide on the Economic and Financial Crimes Commission, EFCC’s request for the final forfeiture of two point four five million dollars and assets linked to ex-Central Bank of Nigeria, CBN Governor, Godwin Emefiele.
Justice Deinde Dipeolu will also rule on the application filed by Emefiele challenging the jurisdiction of the court to entertain the forfeiture proceedings.
This comes after the court had on August 25, 2024, authorized the EFCC to temporarily take custody of the cash sum of two point four five million dollars, seven choice landed properties and shares linked to Emefiele.
In granting the application, the court had directed the EFCC to publish the order of interim forfeiture for any person interested in the funds to show the cause why it should not be finally forfeited to the Federal Government.
At the resumed hearing, Rotimi Oyedepo who led Bilkisu Buhari-Bala and C.C Okezie counsel for the EFCC, moved an application for the final forfeiture of the said sum, as well as share certificates, which he said was not contested by the interested Party.
On the properties sought to be forfeited, Oyedepo submitted that the party interested failed to connect his lawful earnings from a new generation bank and the CBN to the acquisition of the properties sought to be forfeited.
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