The Supreme Court has reinstated the forfeiture of seven properties linked to former CBN Governor Godwin Emefiele, overturning a Court of Appeal ruling that had ordered a retrial.
Supreme Court Restores Emefiele Property Forfeiture
A five-member panel led by Justice Ibrahim Saulawa delivered the unanimous verdict on Friday, setting aside the appellate court’s decision, according to Punch Newspapers.
The ruling restores a November 2024 Federal High Court order forfeiting $2.045 million, seven properties across Lagos and Delta States, and share certificates linked to Emefiele.
The Court of Appeal had earlier nullified the forfeiture, citing that interested parties weren’t given a fair hearing, and sent the case back for fresh proceedings.
The EFCC, led by Rotimi Oyedepo, SAN, appealed to the Supreme Court, which upheld the commission’s arguments and vested the properties in the Federal Government.
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