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Court orders final forfeiture of N12bn properties linked to Emefiele

A federal high court in Lagos has ordered the final forfeiture of properties worth N12.18 billion.

The properties were linked to Godwin Emefiele, a former governor of the Central Bank of Nigeria (CBN).

The court ordered the final forfeiture of the properties after the Economic and Financial Crimes Commission (EFCC) filed a motion to that effect.

Chukwujekwu Aneke, the judge, had ordered an interim forfeiture of the properties on June 5.

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The properties are located in upmarket areas of the federal capital territory (FCT).

Aneke ordered the anti-graft agency to publish the order in a national newspaper, for any interested party to show cause why the final order of forfeiture should not be made.

The properties were listed by the EFCC in two schedules — A and B.

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The judge said: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: that a final forfeiture order of this honorable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.

“That a final forfeiture order of this Honourable Court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

Emefiele is facing multiple counts of fraud and abuse of office.

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