A Federal High Court in Lagos has ordered the permanent forfeiture of $1.4 million allegedly linked to former CBN Governor, Godwin Emefiele.
Justice Ayokunle Faji ruled that the EFCC proved the funds were proceeds of unlawful activities and must be forfeited.
The EFCC revealed that $1,426,175.14 was traced to Donatone Limited’s account at Titan Trust Bank and linked to fraudulent dealings.
An affidavit submitted by EFCC investigator, David Jayeoba, detailed how intelligence reports led to the discovery of the concealed funds.
The agency alleged that Emefiele used Donatone Limited and its directors, Uzeobo Anthony and Adebanjo Olurotimi, to hide illicit money.
The EFCC claimed the funds were collected as bribes to secure forex approvals and disguised through Donatone Limited.
Justice Faji had issued an interim forfeiture order on May 30, 2024, before ruling on the final forfeiture of the money.
