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Supreme Court okays forfeiture of Emefiele’s $2m, properties and share certificates to FG

The Supreme Court has affirmed the final forfeiture of $2.045 million, several luxury properties and share certificates linked to former Central Bank of Nigeria governor Godwin Emefiele to the Federal Government.thecable+5 In a unanimous judgment delivered by a panel led by Justice Ibrahim Saulawa, the apex court set aside an earlier decision of the Court of Appeal in Lagos, which had nullified the forfeiture order and ordered a fresh hearing at the Federal High Court.naijanews+3 The ruling restores the November 1, 2024 order of Justice Deinde Dipeolu of the Federal High Court in Lagos, which directed the permanent forfeiture of the funds, seven choice landed properties and share certificates of Queensdorf Global Fund Limited Trust believed to be linked to Emefiele.pmnewsnigeria+3 The forfeited assets include fully detached duplexes on Hakeem Odumosu Street in Lekki Phase 1, an undeveloped parcel of […]

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Court orders forfeiture of N246m shares to FG

The Federal High Court in Ikoyi, Lagos, has ordered the final forfeiture of shares worth over ₦246 million linked to retired Major-General U.M. Mohammed, former Managing Director of Nigerian Army Properties Limited (NAPL). Justice Dehinde Dipeolu delivered the ruling on Tuesday, August 26, 2025, after granting a motion filed by the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC). According to the EFCC, the forfeited assets were several units of shares traced to the retired officer, valued at ₦246,305,544. The anti-graft agency stated that investigations revealed the shares were acquired with proceeds of unlawful activities. Confirming the judgment in a statement posted on its official social media platforms, the EFCC said:“The Federal High Court sitting in Ikoyi, Lagos, presided over by Justice Dehinde Dipeolu, has ordered the final forfeiture of shares worth ₦246,305,544 linked to Major-General […]

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