The Federal Government is required to receive the property in the interim upon the court’s order. Oyedepo told the court that Emefiele was accused of utilising fraud profits to buy the high-value property via proxy, which was mostly situated in affluent districts of the Federal Capital Territory, Abuja.
Yesterday, a Federal High Court in Lagos issued an order for the temporary confiscation of property worth N11.14 billion that was purportedly connected to Mr. Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN).
Following an ex parte application submitted and argued by Mr. Rotimi Oyedepo, SAN, counsel for the Economic and Financial Crimes Commission (EFCC), trial judge Justice Chukwujekwu Aneke issued the order.
The Federal Government is required to receive the property in the interim upon the court’s order. Oyedepo told the court that Emefiele was accused of utilising fraud profits to buy the high-value property via proxy, which was mostly situated in affluent districts of the Federal Capital Territory, Abuja.
Three employees of CBN were identified by the EFCC as Emefiele’s collaborators.
They are Makinde Olubunmi, Obayemi Teben and Adebayo Akomolafe and allegedly used their positions to secure retail and special allocations of foreign exchange for various companies in exchange for kickbacks.
Justice Aneke has ordered the EFCC to publish the forfeiture order in a newspaper to allow any interested party or parties to present reasons why a final forfeiture order should not be issued.
The case has been adjourned to June 21 for the hearing of the motion for final forfeiture.