Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), has initiated legal proceedings to challenge the forfeiture of his assets. The Economic and Financial Crimes Commission (EFCC) obtained court orders, including one issued by Justice Akintayo Aluko on August 12, 2024, which resulted in the interim forfeiture of $2.045 million and several properties associated with Emefiele.
Emefiele In Court To Challenge The EFCC’s Orders To Seize His Assets
The properties subject to the forfeiture include:
Two duplexes at 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos.
An undeveloped land of 1919.592 sqm at Oyinkan Abayomi Drive (formerly Queens Drive), Ikoyi.
A bungalow at 65a Oyinkan Abayomi Drive.
A four-bedroom duplex at 12a Probyn Road, Ikoyi.
An industrial complex under construction on 22 plots in Agbor, Delta State.
Eight units of an apartment on 2457.60 sqm at 8a Adekunle Lawal Road, Ikoyi.
A duplex on 2217.87 sqm at 2a Bank Road, Ikoyi, Lagos.
Two share certificates of Queensdorf Global Fund Limited Trust.
In response to the orders, Emefiele has filed applications challenging the forfeiture.
Emefiele’s legal team, led by Mr. Olalekan Ojo (SAN), is seeking to halt further forfeiture proceedings, arguing that interlocutory applications must be resolved before final decisions on asset seizure.
The next court hearing is scheduled for September 12, 2024, where the court will address pending applications from Emefiele and other interested parties, including occupants of the seized properties.
