A Federal High Court in Lagos has ordered the final forfeiture of $2.045 million, seven prime properties, and share certificates linked to former Central Bank Governor, Godwin Emefiele. Justice Deinde Dipeolu issued the ruling after Emefiele and other interested parties did not contest the interim forfeiture.
The court determined that Emefiele failed to demonstrate a legitimate link between his income from Zenith Bank and the CBN and the acquisition of the properties.
Additionally, the court noted that Emefiele did not provide documentation to prove ownership of the properties. Companies in whose names the assets were registered also failed to appear in court to claim them.
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