Court Orders Final Forfeiture Of Another $1.4m ‘Linked’ To Emefiele

The final forfeiture of another $1.4 million in connection with the former Central Bank of Nigeria governor, Godwin Emefiele, has been ordered by a Federal High Court in Lagos.

The Economic and Financial Crimes Commission and Justice Olayinka Faji agreed in his ruling on Thursday that the money was the result of unlawful activity and must be forfeited to the Federal Government.

The EFCC had informed the court that the sum of $1, 426, 175.14 was discovered in the account of Donatone Limited at Titan Trust Bank (Account No. ). 2000000500), and that investigations established a link between the funds and deceptive practices.

According to an affidavit from an EFCC investigator, David Jayeoba, funds were discovered in Donatone Limited’s account after being deposed by an affidavit.

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Emefiele and his associates, including Donatone Limited directors Uzeobo Anthony and Adebanjo Olurotimi, were allegedly involved in a scheme that helped conceal and conceal the proceeds of the illicit activities, according to Jayeoba.

According to the court documents, Jaiyeoba further stated that “that investigation revealed that Uzeobo Anthony and Adebanjo Olurotimj men are some of the brains behind the financial e n t concealment of funds reasonably suspect to have been the proceeds of the former Central Bank of Nigeria’s governor, Godwin Emefiele.”

That Emefiele purchased both men and used them to conceal, keep, and conceal funds that were logically thought to be the proceeds of illegal activities.

“That both men used Donatone Ltd. to collect bribes and gratification on Emefiele’s behalf to obtain permission to access Forex.”

Source: Channels TV