Lagos Court Orders Final Forfeiture of $1.4M Linked to Ex-CBN Governor
The Federal High Court in Lagos has ordered the final forfeiture of $1,426,175.14, which the Economic and Financial Crimes Commission (EFCC) linked to alleged fraudulent activities involving former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Delivering the judgment on Thursday, Justice Ayokunle Faji ruled that the funds were proceeds of unlawful activities and should be forfeited to the federal government. The EFCC, through its counsel Bilkisu Bahri-Bala, provided evidence that the money was hidden in an account belonging to Donatone Limited at Titan Trust Bank. According to an affidavit by EFCC investigator David Jayeoba, intelligence reports led to the…