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JUST IN: Court Orders Final Forfeiture Of $2.04m, Properties Linked To Emefiele
Published
7 months agoon
By
Editor
The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele.
Justice Deinde Dipeolu ordered the permanent forfeiture of the monies and the two share certificates of Queensdorf Global Fund Limited Trust, after holding that the former CBN governor or any other interested party did not contest same after the initial interim forfeiture.
The court also forfeited the seven choice landed properties on the ground that the former CBN Governor, Emefiele,was not able to connect his lawful earnings from Zenith Bank and the Central Bank of Nigeria (CBN) to the acquisition of the properties.
The court held that the former CBN Governor failed to provide documents or links to show that he owned the properties.
Emefiele had denied any connection between him and the companies in whose names the properties were purchased and the companies had also failed to appear before the court to claim the properties.
READ ALSO: Court Sets Date To Hear Emefiele’s Applications On Forfeited Assests.
The EFCC had listed the companies as; Amrash Ventures Limited, Modern Hotels Limited, Finebury Properties Limited, Fidelity Express Services Limited, H & Y Business Global Limited and SDEM Erectors Nigeria Limited.
Justice Dipeolu held, “the conclusion that can be deduced is that there must be something dark about the acquisition of the properties which Emefiele and the companies does not want to come to light.”
The judge further held “that the interested party has failed to demonstrate any lawful interest in the properties and that they were aquired from his legitimate earnings”.
“I therefore order the final forfeiture to the Federal Government of Nigeria of all those properties…which are reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties are: two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn Road, Ikoyi.
Others are an industrial complex under construction on 22 plots of land in Agbor, Delta State; 8 units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.
On August 15, 2024, the court had authorised the EFCC to temporarily take custody of the cash sum of $2.045million, seven choice landed properties and shares linked to Emefiele after hearing an Exparte application filed by lead counsel to the Commission, Rotimi Oyedepo (SAN).
The court’s ruling followed the EFCC’s assertion that the money and other items sought to be forfeited were reasonably suspected to be proceeds of unlawful activities
However, counsel to Emefiele, Olalekan Ojo (SAN), had urged the court to stay proceedings and not grant the final forfeiture of the properties.
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Court Sets Date To Hear Emefiele’s Applications On Forfeited Assests.
News
NiMet Forecasts Three-day Thunderstorms, Rain From Wednesday
Published
6 hours agoon
June 11, 2025By
Editor
The Nigerian Meteorological Agency has predicted thunderstorms and rain from Wednesday to Friday across the country.
NiMet’s weather outlook released on Tuesday in Abuja envisaged early morning thunderstorms on Wednesday over parts of Taraba,
Kaduna and Adamawa in the northern region.
It anticipated thunderstorms with rain over parts of Kebbi, Taraba, Zamfara, Katsina, Kaduna, Kano, Sokoto, Gombe and Bauchi states later in the day.
According to it, early morning thunderstorms are expected over parts of Benue, Kwara, Niger, the Federal Capital Territory and Nasarawa States in the North central region.
“Later in the day, thunderstorms with rains are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Kwara, Kogi and Plateau states.
READ ALSO: NiMet Forecasts 3-day Sunshine, Cloudiness In Some States Starting Sunday
“In the southern region, a cloudy atmosphere is expected with chances of morning rain over parts of Ondo, Ekiti and Edo states.
“Later in the day, isolated thunderstorms with rain are anticipated over parts of Imo, Enugu, Abia, Ebonyi, Anambra, Ondo, Oyo, Ogun, Ekiti, Edo, Delta, Cross River, Akwa Ibom, Bayelsa and Rivers during the afternoon or evening hours,” it said
NiMet envisaged prospects of morning thunderstorms on Thursday over parts of Kaduna, Kebbi, Zamfara, Adamawa and Taraba in the northern region.
“Later in the day, thunderstorms with rain are anticipated over parts of Taraba, Adamawa, Kebbi, Kaduna, Zamfara, Kano, Gombe and Bauchi states.
READ ALSO: NiMet Predicts 3-day Rains, Thunderstorms Across Nigeria From Sunday
“In the North-central region, patches of clouds with sunshine intervals are expected with prospects of early morning thunderstorms to affect parts of Niger, Nasarawa, Benue and the Federal Capital Territory.
“Later in the day, thunderstorms with rain are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Kwara, Kogi, Benue and Plateau states,” it said.
According to NiMet, morning thunderstorms are expected over parts of Rivers, Bayelsa, Akwa Ibom and Cross River states in the southern region.
It envisaged isolated thunderstorms with rain over most parts of Imo, Enugu, Abia, Ebonyi, Anambra, Imo, Ondo, Oyo, Ogun, Ekiti, Edo, Lagos, Cross River, Akwa Ibom, Delta, Bayelsa and Rivers states later in the day.
“On Friday, prospects of morning thunderstorms are expected over parts of Jigawa, Gombe, Bauchi, Adamawa and Taraba in the northern region.
READ ALSO:NiMet Predicts Three-day Haziness, Thunderstorms From Tuesday
“Later in the day, thunderstorms with rains are anticipated over parts of Taraba, Adamawa, Kano, Kaduna and Bauchi states.
“In the North-central region, patches of clouds with sunshine intervals are expected with prospects of thunderstorms with rain over parts of the Federal Capital Territory, Nasarawa, Kwara and Niger,” it said.
NiMet forecast thunderstorms over parts of Kwara, Benue and Kogi in the afternoon or evening hours.
According to it, cloudy atmosphere is expected in the southern region with chances of morning rain over parts of Oyo, Enugu, Imo, Ebonyi, Akwa Ibom and Cross River.
It predicted isolated thunderstorms with rain over most parts of the region later in the day.
“Strong winds may precede the rains in areas where thunderstorms are likely to occur. The public should take adequate precautions and ensure that loose objects are fastened to avoid collision.
“Driving under heavy rain should be avoided. Disconnect electrical appliances from electrical sockets.
“Stay away from tall trees to avoid impact from falling branches and broken trees.
“Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.
“Residents are advised to stay informed through weather updates from NiMet. Visit our website www.nimet.gov.ng,” it said.
NAN
News
Democracy Day: Gov. Mohammed Advocates Unity, Good Governance
Published
6 hours agoon
June 11, 2025By
Editor
News
Edo Deputy Governor, Idahosa Preaches Unity As Honour For Martyrs Of June 12
Published
7 hours agoon
June 11, 2025By
Editor
The deputy governor of Edo State, Hon. Dennis Idahosa, has said that Nigerians must continue to fight for a united and indivisible nation as a mark of honour for those who fought for the country’s democracy.
In a statement by the Chief Press Secretary to the deputy governor, Mr Friday Aghedo, the former federal lawmaker, noted that despite the challenges confronting Nigeria, “there is no alternative to democratic governance.”
“Today, we celebrate not just a date, but a journey; our collective commitment to freedom, justice, and the right of every Nigerian to have a voice.
“June 12th reminds us of the resilience of our people, the sacrifices made for democratic rule, and the unyielding hope we hold for a better and united Nigeria.
READ ALSO: Democracy Day: FG Declares June 12 Public Holiday
“As we mark this important day, let us honor the memory of those who stood for truth, uphold the values of transparency and accountability, and continue to build a nation where every citizen can thrive,” he stated.
Idahosa said that the Governor Monday Okpebholo leadership underscores the power of democracy to bring about meaningful change.
He said that the administration remained committed to transformative governance with it’s SHINE mantra.
This was just as the deputy governor noted that the people’s collaborative efforts were needed to foster a more effective and responsive democracy.
According to him, “As we commemorate this day, let us renew our commitment to supporting leaders who prioritize the welfare of the people.
“Democracy is not a destination, it is a continuous process. Together, let’s build Edo of our dreams.”
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