SUPREME COURT ORDERS FINAL FORFEITURE OF EMEFIELE'S LUXURY PROPERTIES
The Supreme Court on Friday, July 17, 2026 affirmed the final forfeiture of seven landed properties, the sum of $2,045,000 (Two Million, Forty-Five Thousand United States Dollars) and share certificates linked to a former Governor of the Central Bank of Nigeria, Godwin Emefiele, to the Federal Government of Nigeria. In a unanimous judgment delivered by a five-member panel of the apex court led by Justice Ibrahim Mohammed Saulawa, the court set aside the judgment of the Court of Appeal and affirmed the decision of the Federal High Court, Lagos, which had ordered the final forfeiture of the assets on the grounds that they were reasonably suspected to have been acquired with proceeds of unlawful activities. Following the final forfeiture order made by the Federal High Court, Emefiele challenged the decision before the Court of Appeal, which reversed the judgment of the trial court. Dissatisfied with the appellate court's decision, the Economic and Financial Crimes Commissi...