Justice Yellim Bogoro of the Federal High Court Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830,875,611 and several properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.
He made the order following an ex-parte application filed by the counsels of the Economic and Financial Crimes Commission (EFCC), Bilkisu Buhari and C.C Chineye.
Justice Bogoro, after taking the lawyers’ submission, held: “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.
“I find merit in the application and same is hereby granted as prayed.
“The applicant should publish this order in any daily newspaper circulating all over the federation for anybody interested to show cause why the final order of forfeiture should not be made.
“Case adjourned to July 2, for motion for final forfeiture.”
The monies forfeited to the Federal Government in the interim were said to be warehoused in First Bank; Titan Bank and Zenith Bank, being 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.
The properties being forfeited include 94 Units of 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, IKoyi, Lagos; AM Plaza, 11-floor office space, situated at 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 two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B Lot and twin completed property in Lakes Estate Lekki, Lagos.
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 Situated at 8, Bayo Kuku Road, lkoyi Lagos.
The EFCC had approached the court for an interim forfeiture of the monies and properties, under 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.
The anti-graft agency had asked the court for the following: “An interim order forfeiting to the Federal Government the funds warehoused in the accounts particularised in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.
“An interim order forfeiting to the Federal Government properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.
“An order directing the publication in any national newspaper, the interim order under reliefs 1-2 above, for anyone interested in the properties and funds sought to be forfeited to appear before this court to show cause within 14 days why the final order of forfeiture of the said properties and funds should not be made in favour of the Federal Government.”
Emefiele is having running legal battles in Abuja and Lagos over alleged fraud, among other charges.
The Federal High Court in Lagos, on Friday, April 12, 2024, heard that Emefiele allegedly received millions of dollars in cash in undocumented circumstances, through a proxy, Mr. Monday Osazuwa.
Emefiele and his co-defendant, Henry Isioma-Omoile, were arraigned by the Lagos Zonal Command of the EFCC on Monday, April 8, 2024, on an amended 26-count charge bordering on alleged $4.5 billion and N2.8 billion fraud.
He is also being tried by the EFCC at the Special Offences Court in Ikeja over alleged abuse of office and accepting gratification to the tune of $4.5 billion and N2.8 billion.
