The Supreme Court has affirmed the final forfeiture of seven landed properties, $2.045 million and share certificates linked to former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government.
In a unanimous judgment delivered on Friday by a five-member panel led by Ibrahim Saulawa (Justice), the apex court set aside an earlier decision of the Court of Appeal and restored the judgment of the Federal High Court in Lagos, which had ordered the permanent forfeiture of the assets.
The court held that the assets were reasonably suspected to have been acquired with proceeds of unlawful activities.
The ruling marks the end of the legal battle over the assets after the Economic and Financial Crimes Commission (EFCC) successfully challenged the Court of Appeal’s decision before the Supreme Court.
According to the anti-graft agency, Emefiele had appealed the Federal High Court’s forfeiture order, securing a favourable judgment
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