Court Orders Final Forfeiture of N2.1 Trillion Linked to Former CBN Governor, Godwin Emefiele

Court Orders Final Forfeiture of N2.1 Trillion Linked to Former CBN Governor, Godwin Emefiele

A Federal High Court sitting in Lagos has ruled in favor of the permanent forfeiture of a staggering sum of $1,426,175.14 (approximately N2.1 trillion) linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The court’s decision, delivered by Justice Ayokunle Faji, came after the Economic and Financial Crimes Commission (EFCC) convinced the court that the funds were proceeds of fraudulent activities carried out during Emefiele’s tenure as head of Nigeria’s apex bank.

According to the EFCC, the suspicious funds were traced to an account belonging to Donatone Limited, domiciled at Titan Trust Bank. The anti-graft agency further revealed that the account, with number 2000000500, was allegedly used to launder illicit funds linked to financial irregularities under Emefiele’s leadership at the CBN