- The EFCC exposed an alleged scheme in which former CBN Governor, Emefiele allegedly conspired with Donatone Limited directors Uzeobo Anthony and Adebanjo Olurotimi to disguise illicit funds.
- Justice Ayokunle Faji delivered the ruling on Thursday in a suit filed by the Economic and Financial Crimes Commission (EFCC), asserting that the sum was proven to be the proceeds of unlawful activities and must be forfeited to the Federal Government.
A Federal High Court in Lagos has ordered the permanent forfeiture of $1.4 million linked to embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
Eko Hot Blog reports that Justice Ayokunle Faji delivered the ruling on Thursday in a suit filed by the Economic and Financial Crimes Commission (EFCC), asserting that the sum was proven to be the proceeds of unlawful activities and must be forfeited to the Federal Government.
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EFCC counsel Bilkisu Buhari-Bala informed the court that the funds in question were discovered in an account owned by Donatone Limited.
The anti-graft agency alleges that the $1,426,175.14 is connected to alleged fraudulent schemes involving Emefiele and his associates.
An affidavit provided by EFCC investigator David Jayeoba stated that intelligence reports led to the discovery of concealed funds in Donatone Limited’s account.
According to the EFCC, investigations uncovered an alleged scheme in which Emefiele collaborated with Donatone Limited’s directors, Uzeobo Anthony and Adebanjo Olurotimi, to disguise the illicit funds.
The EFCC exposed an alleged scheme in which former CBN Governor, Emefiele allegedly conspired with Donatone Limited directors Uzeobo Anthony and Adebanjo Olurotimi to disguise illicit funds.
According to the EFCC, the alleged scheme transpired between 2021 and 2022 when Nigeria faced substantial foreign exchange shortages.
During this time, Emefiele and his associates allegedly received bribes and kickbacks from businesses seeking forex approvals.
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One entity, identified as NP, reportedly paid $26,552,000 into a Donatone Limited account held in a new-generation bank.
On May 30, 2024, Justice Faji ordered an interim forfeiture of these funds, which remained uncontested and led to the recent final forfeiture ruling.
