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<p>By Yusuf Danjuma Yunusa</p><div class="HIDXotM3" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>The supreme court has affirmed the final forfeiture of properties and $2.045m linked to Godwin Emefiele, former governor of Central Bank of Nigeria (CBN), to the federal government.</p>
<p>In a unanimous judgment delivered on Friday, the apex court overturned the decision of the court of appeal in Lagos, which had nullified the forfeiture order.</p>
<p>The court held that the court of appeal erred when it overturned the forfeiture order and directed that the matter be reheard by the trial court.</p><div class="3g6VzENS" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>On November 1, 2024, Deinde Dipeolu, judge of a federal high court in Lagos, ordered the permanent forfeiture of monies (including $2.045 million), seven choice landed properties and the two share certificates of Queensdorf Global Fund Limited Trust belonging to Emefiele, to the federal government.</p>
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<p>The assets were said to be reasonably suspected to have been acquired with proceeds of unlawful activities.</p>
<p>The forfeited properties include two fully detached duplexes of identical structures situated at No. 17b Hakeem Odumosu street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592 sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi drive (formerly Queens drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi drive (formerly Queens drive), Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn road, Ikoyi.</p>
<p>Others are an industrial complex under construction on 22 plots of land in Agbor, Delta state; eight units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal road, Ikoyi, and a duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a bank road, Ikoyi, Lagos.</p>
<p>In June 2025, the court of appeal in Lagos overturned the final forfeiture order issued on assets owned by Emefiele.</p>
<p>Two of the three-member panel of justices of the appellate court set aside the trial court’s judgment and ordered a retrial of the case at the lower court.</p>
<p>In the judgment delivered by Abdulazeez Anka, the court held that it was convinced that the legitimate earnings of Emefiele could acquire the properties.</p>
<p>Anka, however, noted that the appellant, did not contest the forfeiture of the $2,045,000 forfeited to the federal government.</p>
<p>The judge ruled that the money should be forfeited to the federal government.</p>
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