₦airaland Forum

The Federal High Court in Lagos, on Wednesday, ordered the interim forfeiture of $1,426,175.14 linked to former Governor of the Central Bank of Nigeria, Godwin Emefiele.

Justice Ayokunle Faji directed the Economic and Financial Crimes Commission to publish the interim forfeiture order in a national newspaper.

The judge said anyone interested in the funds must appear before him within 14 days to show cause why the funds should not be permanently forfeited to the Federal Government.

The court order followed an ex parte application marked FHC/L/CS/232/2024, moved by EFCC counsel, Bilikisu Buhari-Bala.

Buhari-Bala told Justice Faji that the funds were reasonably suspected to be proceeds of unlawful activities of Emefiele, who is currently facing three criminal trials.

She said the court was empowered by Section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006 to order the forfeiture of the funds.

The EFCC investigator, David Jayeoba, who deposed to an affidavit in support of the ex parte application, stated that credible intelligence led to the discovery of the funds in a bank account.

The investigator alleged that between 2021 and 2022, during a period of forex scarcity, one Uzeobo Anthony and Adebanjo Olurotimi, directors of Donatone Limited, collected bribes on behalf of Emefiele to facilitate forex approvals.

According to the investigator, payments, totaling $26,552,000, were made to Donatone’s accounts, with significant transactions on specific dates in 2021 and 2022.

“That Uzeobo Anthony and Adebanjo Olurotimi used the firm to collect bribes and gratification on behalf of Godwin Emefiele, to get approval for accessing forex. And that one of the entities (NP) paid a total sum of $26,552 million USD, into the account of firm domiciled in Titan Trust account number 2000000500.

“That the said credits came into the account of the firm on November 9, 2021: $6,450,000, November 5, 2021: $6,050,000, December 16, 2021: $5,400,000, December 23, 2021: $652,000; January 31 2022; $3,000,000 and September 21, 2022: $5,000,000.

“Investigations revealed that the funds were laundered through a foreign account in Mauritius before being returned to Nigeria.

‘As of now, the balance in the account is $1,426,175.14, which the EFCC seeks to forfeit to the Federal Government as proceeds of unlawful activities.

“Investigation further revealed that the international entities sourcing for forex were pressured into parting with huge funds to access forex during the period.

“That the signatories to the account warehousing the sum of $1, 426, 175.14 million USD, sought to be forfeited are at large and are making frantic efforts to dissipate the funds electronically.

“Based on our investigation findings, the funds sought to be forfeited are proceeds of unlawful activities of and his cronies.

“It is in the interest of justice to grant this application.”

Justice Faji after granting the interim forfeiture order adjourned till June 25 for the hearing on the final forfeiture.

The Wednesday forfeiture comes days after Justice Yelim Bogoro of the same Federal High Court on May 23, 2024, ordered the interim forfeiture of $4.7 million, N830 million, and properties linked to Emefiele.

Emefiele is currently facing charges bordering on procurement fraud, authorised redesign of the naira notes and forgery of ex-President Muhammadu Buhari’s signature to allegedly move funds out of the CBN.

Source: https://punchng.com/Court-orders-forfeiture-of-Emefieles-$1.4m-bribery-proceeds

Elemiewele


FTC

olaiya2007:
Elemiewele

🤣🤣🤣🤣🤣
EwefiOLEmele

They won't let this man go for redesigning naira.

Nice one but one question I keep asking is that is he the only man standing or living on earth among the public office holders who embezzled our money, why are others not prosecuted

Before you attack me on this remember that we collectively bear the brunt of their actions

The witch hunt is glaring. While I'm Okay with it, everybody should pay for their sins.

The DSS, NDLEA, Police and EFCC and Tinubu should all hunt Buhari and all his ministers as well

Why Emefiele alone?

Emefiele really buy market for this govt hand.

Only emefiele was corrupt during buhari govt.... Buhari didn't even know all this was going on under his nose.


Yeah, let's crucify the worker and praise the boss for a job well done...

WHY IS EMEFIELE STILL ALIVE ?

Why was his bail plea granted?

The man stole without respect

Tinubu no Wan allow dis man see money spend when e comut jail... No wonder some people dey keep money for their children and wife acct.... No wonder corrupt people dey collect physical cash transactions instead of online cash transfer....

Emefiele I wan pity you, because d people wey dey call you thief sef na thief... But d kind suffering wey I suffer during dat cash scarcity period no go allow me pity you..... D people wey die during dat period, because they couldn't get essential drugs even though they had d money no go allow me pity you.....

A father was lamenting dat her daughter who died in an accident inside of a public vehicle, usually do use bolt/uber... But because of your yeye policy she entered a public vehicle....

Emefiele....

This man do us shege.

Oloriburuku Emefailure

For the sins of Buhari will be visited on Emefiele with plenty of wailings and gnashing of teeth.

~Judas chapter 4 verse 33~

crentina:
They won't let this man go for redesigning naira.

For redesigning naira and illegally suspended the old denomination which was later reversed by the supreme court

And then most importantly for involving in forex scam

adenigga:
Source: https://punchng.com/Court-orders-forfeiture-of-Emefieles-$1.4m-bribery-proceeds

Smoke screen

success1smyn:
This man do us shege.

Oloriburuku Emefailure

phemmie06:
Nice one but one question I keep asking is that is he the only man standing or living on earth among the public office holders who embezzled our money, why are others not persecuted.

Before you attack me on this remember that we collectively bear the burnt of their actions

They have started with one, you should be happy that at least one out of many thieves is being dealt with. It should not be about tribe or partisanship all the time.

crentina:
They won't let this man go for redesigning naira.

It could be witch hunt but did he steal or not? Yes maybe they might have looked away if he didn't try to sabotage Tinubu but point is, he stole our commonwealth and he is being dealt with.

That should delight you but you prefer to make it about partisanship or tribe ( codedly ).

Judolisco:
Tinubu no Wan allow dis man see money spend when e comut jail... No wonder some people dey keep money for their children and wife acct.... No wonder corrupt people dey collect physical cash transactions instead of online cash transfer....

Emefiele I wan pity you, because d people wey dey call you thief sef na thief... But d kind suffering wey I suffer during dat cash scarcity period no go allow me pity you..... D people wey die during dat period, because they couldn't get essential drugs even though they had d money no go allow me pity you.....

A father was lamenting dat her daughter who died in an accident inside of a public vehicle, usually do use bolt/uber... But because of your yeye policy she entered a public vehicle....

Emefiele....

The bolded is it for me. Everyone of them are thieves but it is good for us that they are fighting and witch hunting themselves.

oliverwrites:
They have started with one, you should be happy that at least one out of many thieves is being dealt with. It should not be about tribe or partisanship all the time.

No one is talking about tribes what of those that found themselves back into government. Why just one out of the many..... Is it because of lack of court rooms or justice that will do the needful?

phemmie06:
No one is talking about tribes what of those that found themselves back into government. Why just one out of the many..... Is it because of lack of court rooms or justice that will do the needful?

So, far if my memory serves me right, about 20 billion bas been forfeited by the former CBN governor, do you prefer that money is not forfeited simply because there are many other thieves like him? Yes they all should be tried but 1 forfeiting several billions is better than none at all.

Greed is a disease!!!
Ultimate Greed however!!!
No regard or sympathy for the millions of Nigerians that would and actually got affected...
People lost their lives
People starved even when they had money
Everything relatively slowed down!!
My God humans are terribly wicked

Cajal:
For redesigning naira and illegally suspended the old denomination which was later reversed by the supreme court

And then most importantly for involving in forex scam

I don't understand how these people think. Yes, he tried to sabotage Tinubu but the question is, did he steal or did he not steal? We should be happy that they are fighting themselves but no, some must be partisan about it.

with his level at Zenith and CBN, I thought he should have more than that

phemmie06:
Nice one but one question I keep asking is that is he the only man standing or living on earth among the public office holders who embezzled our money, why are others not persecuted.

Before you attack me on this remember that we collectively bear the burnt of their actions

Na who dem catch, na e be thief

adenigga:
Source: https://punchng.com/Court-orders-forfeiture-of-Emefieles-$1.4m-bribery-proceeds

An honest question -

Does this forfeiture make Emefiele a criminal?

The reason I am asking is because our President also forfeited $200k+ from the sale of Narcotics.

If this forfeiture makes Emefiele a criminal, then the same should apply to Balablue.

What is good for the goose should also be good for the gander.

Am I on point?

🤔🤔

Good but why do we have sacred cows that can't be investigated?

phemmie06:
Nice one but one question I keep asking is that is he the only man standing or living on earth among the public office holders who embezzled our money, why are others not persecuted.

Before you attack me on this remember that we collectively bear the burnt of their actions

Simple na...

He offended the gods..

Tinubu should touch other ministers under buhari like Hadi Sirika, the former minister of aviation, if he's sincere with his audio fight against corruption

Judolisco:
Tinubu no Wan allow dis man see money spend when e comut ...
Emefiele....

The picture you attached to this your post does not tally. The caption of the picture doesn't tally with your message either.