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Supreme Court confirms final forfeiture of Emefiele's properties worth $2m
Photo: Daily Trust
2026-07-18 06:24   Justice   10

Supreme Court confirms final forfeiture of Emefiele's properties worth $2m

The Supreme Court has confirmed the final and permanent forfeiture of seven landed properties valued at $2,045,000 and share certificates linked to former Central Bank of Nigeria Governor Godwin Emefiele to the Federal Government.This decision upholds the Federal High Court's ruling that the assets were acquired through unlawful means.

The case began with the EFCC applying for forfeiture under Section 17 of the Advance Fee Fraud Act, supported by evidence showing the assets were connected to illegal activities.The Court of Appeal initially overturned the decision, but the Supreme Court rejected that, affirming the High Court's order.The properties include a duplex in Lekki, land in Ikoyi, a bungalow, a duplex, an industrial complex in Delta State, and apartments.The court also ordered the forfeiture of $2,045,000 and share certificates of Queensdorf Global Fund Limited.This legal action highlights the government's efforts to recover assets linked to corruption.The case underscores the judicial process in Nigeria for addressing financial misconduct by public officials.

Full reading at Daily Trust

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