Nigeria’s Supreme Court affirms a final forfeiture of assets linked to former Central Bank of Nigeria (CBN) governor Godwin Emefiele, ruling in favor of the Federal Government. Multiple outlets report that the apex court delivers a unanimous decision on Friday, overturning a previous ruling by the Court of Appeal in Lagos that had nullified or reversed the forfeiture order and triggered further procedural action. The Supreme Court reinstates the final forfeiture of seven landed properties described as high-value assets, and orders additional items including cash valued around $2 million, reported figures ranging from about $2.0 million to $2.45 million, and share certificates tied to Emefiele. Premium Times and other reports also describe an earlier Federal High Court order in Abuja that led toward the final forfeiture, involving a large estate and related assets. Collectively, the reporting indicates the case proceeds through multiple judicial levels before the Supreme Court’s final pronouncement restores the forfeiture. The outlets agree that the Supreme Court’s judgment directs the assets be taken by the Federal Government.
Supreme Court affirms final forfeiture of Emefiele-linked properties, $2m, and share certificates
Nigeria’s Supreme Court affirms a final forfeiture of assets linked to former Central Bank of Nigeria (CBN) governor Godwin Emefiele, ruling in favor of the Federal Government. Multiple outlets report...
- The Supreme Court affirms final forfeiture of assets linked to former CBN governor Godwin Emefiele.
- The court overturns a Court of Appeal decision in Lagos that had nullified the forfeiture order.
- Forfeiture includes seven landed/high-value properties and share certificates tied to Emefiele.
- The judgment also covers cash amounts reported around $2 million (figures cited include about $2.045 million and $2.45 million).
- The decision is reported as unanimous and delivered by a five-member Supreme Court panel.
The 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.
47 minutes 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 hour 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 hour 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 hour 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…
2 hours agoThe Supreme Court of Nigeria has ordered the final forfeiture of properties belonging to former Central Bank of Nigeria, CBN, Governor, Godwin Emefiele. The apex court overturned an earlier judgment of the Court of Appeal which had ordered a retrial of the case. A five-member panel of the apex court, led by Justice Ibrahim Saulawa, […] BREAKING: Supreme Court orders final forfeiture of Emefiele’s properties
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