Court seizes $4.7m, N830m, multibillion assets linked to Emefiele

Justice Yellim Bogoro made the order on Thursday, May 23, 2024 following an ex-parte argued by the Economic and Financial Crimes Commission ,EFCC, counsel, Bilkisu Buhari and C.C Chineye.
Others include; One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, Maruwa, Lekki Phase 1, Lagos and a Property Situate on 8, Bayo Kuku Road, lkoyi Lagos.
The EFCC had approached the court for an interim forfeiture of the monies and properties, pursuant to Section 17 of the Advance Fee Fraud and other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.
In granting the ex-parte motion Justice Bogoro after he had taken submission of the EFCC’s counsel held he had listened to the submission of the applicant’s counsel and also perused the motion  moved, together with the affidavit in support.
The case was adjourned to July 2, 2024 for motion for final forfeiture.