Crime
Ex-CBN Governor Emefiele finally forfeits $2.045 million, properties to FG
Former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has finally forfeited the sum of $2.045 million and several properties worth billions of naira to the Federal Government of Nigeria.
The Supreme Court of Nigeria in arriving at the judgement on Friday in Abuja, set aside the earlier judgement of the Court of Appeal in Lagos which nullified the forfeiture judgement of the Federal High Court.
The unanimous ruling of the apex restored the the ruling of the Federal High Court that “all properties and sum of money linked to the former.CBN boss, were proceed of corruption and should be forfeited in line with the application by the Economic and Financial Crimes Commission (EFCC).
The EFCC listed assets in contention to include:
1. Seven choice properties located in Lagos and Delta States
2. $2.045 million said to be connected to Emefiele
The forfeiture marks the end of litigation surrounding Emefiele’s corrupt enrichment while in office as the Governor of the Central Bank of Nigeria
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