Francis Iwuchukwu 
Justice Chukwujekwu Aneke of a Federal High Court, Ikoyi, Lagos has ordered the final forfeiture to the Federal Government of Nigeria, FGN, properties valued at N11,140,000,000.00 (billion) and N1.04 billion linked to the immediate-past governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.
The judge took the decision after entertaining a motion filed and argued by the Economic and Financial Crimes Commission, EFCC, through its lawyer, Chineye Okezie.
It would be recalled that Justice Aneke had on June 5, 2024, upheld the anti-graft agency’s motion filed and argued by its counsel, Mr Rotimi Oyedepo, SAN, for an interim forfeiture of the property.
The SAN had informed the judge that the former CBN boss was suspected of having bought the choice properties by proxy, with the proceeds of fraud.
The anti-graft agency had named two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.
The trio, according to the affidavit filed in support of the application, are Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde, a former CBN staff and others.
The properties are mostly located in highbrow parts of the Federal Capital Territory (FCT), Abuja.
Justice Aneke had directed the EFCC 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 judge then adjourned for a hearing of the motion for final forfeiture.
At the resumption of the hearing on June 21, no party appeared in court to contest the interim order made by the court. This prompted Okezie to move her motion for permanent forfeiture.
After reading a 41-paragraph affidavit deposed to by an EFCC Investigating Officer, Michael John Idoko, the 19 Exhibits attached, a Written Address signed by Okezie, and after hearing Okezie’s motion, Justice Aneke granted the application.
The properties were listed by the EFCC in two schedules, A and B.
Justice Aneke declared that “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – “that a final forfeiture order of this Honourable 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.”
The properties contained in Schedule A included shops and apartments at Cadastral Zone, Maitama and Wuse.
For Schedule B, Justice Aneke added: “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.”
The properties include lands and apartments which were paid for on behalf of Oluwaseun at a total value of N1.04 billion.
According to the affidavit, Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde “used their positions and Influence as CBN staff to secure retail and Special allocation of Foreign Exchange to different companies in exchange for kickbacks.
“That Olubunmi Makinde is the link between Obayemi Oluwaseun Teben and Akomolafe Adebayo and the various companies applying for the purchase of foreign exchange.
“That Obayemi Oluwaseun Teben and Akomolafe Adebayo as staff of the Central Bank of Nigeria have access to the bidding processes and bidding data of companies who have applied for the approval of from Ms to the CBN through their various commercial banks.”
