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...
- 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.
The Supreme Court has affirmed the final forfeiture of Godwin Emefiele’s mansions, $2.045 million, and share certificates to the Federal Government. Read More: https://punchng.com/emefiele-finally-forfeits-mansions-2m-to-fg/
1 month agoThe Supreme Court’s decision comes about 19 months after the Federal High Court in Abuja ordered the final forfeiture of a vast estate comprising 753 housing units in the FCT recovered from Mr Emefiele. The post Supreme Court affirms final forfeiture of mansions, land, $2m, share certificates linked to Emefiele appeared first on Premium Times Nigeria.
1 month agoBy Ikechukwu Nnochiri ABUJA— The Supreme Court, on Friday, upheld the final forfeiture of seven landed properties, the sum of $2.45 million, and share certificates linked to the embattled former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to the Federal Government. The apex court, in a unanimous decision by a five-member […] The post Emefiele: Supreme Court okays forfeiture of $2m, properties, share certificates to FG appeared first on Vanguard News.
1 month agoThe Supreme Court has reinstated the final forfeiture of seven high-value properties linked to former CBN Governor Godwin Emefiele, overturning an Appeal C Read More: https://punchng.com/supreme-court-reverses-acourt-ruling-on-emefiele-property-forfeiture/
1 month agoThe Supreme Court has issued a final judgment on the suit about the luxurious properties belonging to the former governor of the CBN, Godwin Emefiele.
1 month agoThe Supreme Court has affirmed the final forfeiture of properties and $2.045m linked to Godwin Emefiele, former governor of Central Bank of Nigeria (CBN), to the federal government. In a unanimous judgment delivered on Friday, the apex court overturned the decision of the court of appeal in Lagos, which had nullified the forfeiture order. More to follow…
1 month ago
Volkswagen board approves up to 50,000 more job cuts in restructuring plan
Volkswagen’s supervisory board approves a “far-reaching” restructuring that includes an additional 50,000 job cuts, expa...
London wine distributor Stephen Burton sentenced over rare-wine investment scam
Stephen Burton, founder of a London wine distribution business, is sentenced in the United States to six years in prison...
Australian shares waver as inflation and monetary policy concerns offset BHP impact
Australian shares trade with uncertainty, with the market on track for a negative week, as investors weigh worries about...