The Federal High Court, sitting in Lagos has ordered the final forfeiture of the sum of $1.4 million, linked to former CBN Governor Godwin Emefiele….to the Federal Government
Justice Ayokunle Faji gave the order on Tuesday after hearing an application filed and argued by the Economic and Financial Crimes Commission (EFCC).
This order is coming a few days after another judge of the same court, Justice Chukwujekwu Aneke, ordered the final forfeiture of over N12.18billion in money and property linked to the embattled former CBN Boss
At Tuesday’s proceedings, counsel to the EFCC, Bilkisu Buhari-Bala, had urged Justice Faji to grant the final forfeiture order of the money, domiciled in an account number in Titan Trust Limited, to the Nigeria government.
The EFCC counsel told the court that the application was in line with Section 17 of the Advance Fee Fraud and Other Fraud-related Offences Act No. 14 of 2006, and section 44 (sub-section 2B) of the 1999 Constitution
The applicant was supported by an affidavit deposed to by one David Jayeoba, an Investigating Officer with the EFCC, alongside a written address.
In the affidavit, the EFCC disclosed that it received credible and direct intelligence which led to the tracing of funds reasonably suspected to be proceeds of unlawful activities, hidden in Donatone Limited (DL) and Titan Trust Bank accounts.
In ordering the final forfeiture of the money after listening to the submission of the EFCC, the court granted the prayer of final forfeiting of the said funds