The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
The Federal High Court in Lagos has permanently forfeited properties valued at N11.14 billion and N1.04 billion to the Federal Government.
These properties are linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.
Justice Chukwujekwu Aneke issued the final forfeiture order after hearing a motion filed and argued by the Economic and Financial Crimes Commission (EFCC), represented by counsel Chineye Okezie.
On June 5, 2024, the court had initially upheld the EFCC’s motion for interim forfeiture of the properties, filed and argued by Mr. Rotimi Oyedepo (SAN). The EFCC suspected Emefiele of acquiring these choice properties by proxy with the proceeds of fraud.
The EFCC identified two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud. These individuals are Obayemi Oluwaseun Teben, Akomolafe Adebayo, and former CBN staff member Olubunmi Makinde.
The properties, located in prime areas of the Federal Capital Territory (FCT), Abuja, were listed in two schedules. Justice Aneke ordered the EFCC to publish the interim forfeiture order in a national newspaper, allowing any interested parties to contest the final order.
When the court reconvened on June 21, no parties appeared to challenge the interim order. Okezie then moved the motion for permanent forfeiture. Justice Aneke, after reviewing a 41-paragraph affidavit by EFCC Investigating Officer Michael John Idoko, the 19 exhibits attached, and a written address signed by Okezie, granted the application.
The judge stated: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: a final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A, which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties in Schedule A include shops and apartments in Maitama and Wuse. For Schedule B, Justice Aneke added: “A final forfeiture order is made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B, which were traced to have been acquired with proceeds of unlawful activities.”
Schedule B properties include lands and apartments paid for on behalf of Oluwaseun, totaling N1.04 billion.
According to the affidavit, Teben, Adebayo, and Makinde exploited their positions at the CBN to secure retail and special allocations of foreign exchange to different companies in exchange for kickbacks. Makinde acted as the link between Teben, Adebayo, and various companies applying for foreign exchange.
Teben and Adebayo, as CBN staff, had access to the bidding processes and data of companies applying for form Ms approval through their commercial banks.
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