On Friday, February 21, 2025, Justice Yellim Bogoro of the Federal High Court in Ikoyi, Lagos, ordered the final forfeiture of $4.7 million, N830 million, and several high-value properties linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. The ruling followed a motion filed by the Economic and Financial Crimes Commission (EFCC), which argued that the assets were proceeds of unlawful activities under Nigerian law.
The forfeited funds, held in First Bank, Titan Bank, and Zenith Bank, were linked to companies and individuals including Omoile Anita Joy, Deep Blue Energy Service Limited, and Lipam Investment Services Limited. The properties include luxury real estate in Lagos, such as 94 units of an 11-storey building in Ikoyi, AM Plaza in Lekki, and an estate in Texas, USA, among others.
Additionally, the court ordered the forfeiture of €20,000, £1,999.50, and investments worth $900,000 and $4.4 million traced to entities connected to Emefiele.
