Former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, is facing an investigation by the Economic and Financial Crimes Commission (EFCC) for alleged fraudulent activities. The Federal High Court in Lagos has ordered the interim forfeiture of $2.04m and seven properties connected to him, including prime real estate in Lekki and Ikoyi, Lagos.
Justice Akintayo Aluko deemed the interim forfeiture necessary to prevent the dissipation of assets believed to be proceeds of unlawful activities. The EFCC presented evidence suggesting that Emefiele negotiated kickbacks for foreign exchange allocations to companies in exchange for money.
The court also ordered the interim forfeiture of two share certificates of Queensdorf Global Fund Limited Trust, a company allegedly linked to Emefiele. The case has been adjourned to September 5, 2024, for further proceedings.
This recent forfeiture order is part of a series of legal actions taken against Emefiele by the EFCC, highlighting the ongoing fight against corruption in Nigeria’s financial sector.
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