Nigeria’s Supreme Court affirms a final forfeiture order involving properties and financial assets linked to former Central Bank of Nigeria (CBN) governor Godwin Emefiele. Multiple reports say the apex court’s judgment holds that seven high-value landed properties are forfeited to the Federal Government, along with cash valued at about $2.045 million and related share certificates. Outlets also report that the Supreme Court issues its decision as a unanimous ruling and that it reverses an earlier outcome from the Court of Appeal in Lagos, which had nullified the forfeiture order and sent the matter back for further action. One source notes the case began with a Federal High Court ruling in Abuja about 19 months earlier, ordering final forfeiture of a large estate comprising hundreds of housing units and other assets recovered in connection with Emefiele. Another report says the Supreme Court overturns the Court of Appeal’s decision that had ordered a retrial. Overall, the reporting is consistent that the Supreme Court restores and finalizes the forfeiture to the Federal Government, concluding the legal process described in these accounts.
Supreme Court Affirms Final Forfeiture of Emefiele’s Properties, Cash and Shares to FG
Nigeria’s Supreme Court affirms a final forfeiture order involving properties and financial assets linked to former Central Bank of Nigeria (CBN) governor Godwin Emefiele. Multiple reports say the ape...
6 sources
3 months ago
35 views
Key Points
- The Supreme Court affirms final forfeiture of seven landed properties linked to former CBN governor Godwin Emefiele.
- The forfeiture includes about $2.045 million (described as around $2m or $2.45m in some accounts) and related share certificates.
- The Supreme Court reverses a Court of Appeal ruling in Lagos that had nullified the forfeiture order.
- The Supreme Court decision is reported as unanimous and delivered on Friday in a panel headed by Justice Ibrahim Saulawa (as cited by one outlet).
- Earlier forfeiture actions are reported to have begun with a Federal High Court in Abuja, which ordered final forfeiture before the matter reached the Court of Appeal.
How Outlets Covered This Story
THE
PRE
Premium Times (Nigeria)
Supreme Court affirms final forfeiture of mansions, land, $2m, share certificates linked to Emefiele
3 months ago
VAN
Vanguard (Nigeria)
Emefiele: Supreme Court okays forfeiture of $2m, properties, share certificates to FG
3 months ago
THE
The Punch (Nigeria)
Supreme Court reverses A’Court ruling on Emefiele property forfeiture
3 months ago
LEG
NIG
Nigerian Eye
BREAKING: Supreme court affirms final forfeiture of properties, $2m linked to Emefiele
3 months ago
DAI
Daily Post Nigeria
BREAKING: Supreme Court orders final forfeiture of Emefiele’s properties
3 months ago
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