A federal capital territory (FCT) excessive court docket in Apo has dismissed an utility filed by Godwin Emefiele, the previous governor of the Central Financial institution of Nigeria (CBN), in search of to reclaim an property seized by the federal authorities.

On December 2, the Financial and Monetary Crimes Fee (EFCC) secured the ultimate forfeiture of an property within the FCT.

The property, situated at Plot 109, Cadastral Zone CO9, Lokogoma District, covers 150,500 sq. metres within the nation’s capital and accommodates 753 duplexes.

Though the property was initially linked to an organization that later denied possession, Emefiele, by his lawyer, A.M. Kotoye, filed a movement as an celebration within the swimsuit.

The previous CBN governor requested the court docket for extra time to problem each the interim and last forfeiture orders that have been made in December 2024.

Emefiele claimed he didn’t know concerning the forfeiture course of and stated the EFCC printed the discover in a hard-to-find part of a newspaper, making it troublesome for him to reply in time.

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In line with him, he was busy defending himself in three separate felony circumstances in Abuja and Lagos throughout this era, which prevented him from seeing the publication.

He additionally accused the EFCC of hiding the forfeiture proceedings on function, despite the fact that the company was repeatedly coping with him on different prices.

Nevertheless, in his ruling, Decide Jude Onwuegbuzie held that whereas the precept of functus officio (which suggests a court docket loses energy after giving judgment) was raised, the court docket might nonetheless evaluate its choices below sure situations.

The choose identified that part 17(2) of the Advance Price Fraud and Different Fraud Associated Offences Act, 2006, clearly outlines the discover necessities for forfeiture proceedings.

He rejected Emefiele’s declare concerning the hidden discover, noting that the half-page announcement in a nationwide newspaper was enough and couldn’t moderately be thought of hidden.

Onwuegbuzie emphasised that solely folks with a confirmed curiosity in forfeited property have the fitting to problem such proceedings, much like guidelines for becoming a member of ongoing lawsuits.

The choose held that Emefiele had been given sufficient time (over 14 days) to contest the forfeiture however didn’t accomplish that.

Because of this, the choose dismissed his movement and dominated in favour of the EFCC.