Court confiscates $4.7 million, N830m, multimillion properties traced to Emefiele

The Federal High Court, Lagos Division, has ordered a temporary forfeiture of $4,719,054 million and N830,875,611 million traced to a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The judge, Yellim Bogoro, made the forfeiture order on Thursday after the EFCC filed an ex-parte request to seize the assets.

An ex-parte application refers to proceedings brought before a court on behalf of an interested party without notice to an adverse party in a suit. It is entertained in the absence of the opposing party.