Court affirms final forfeiture of $13m traced to Aisha Achimugu to Nigeria’s Govt
The Federal High Court in Abuja has affirmed the final forfeiture of $13 million linked to Lagos socialite Aisha Achimugu and Oceangate Engineering Oil & Gas Ltd to the Federal Government. Justice Emeka Nwite held that EFCC proved the funds were proceeds of fraud, while Oceangate failed to show legitimate ownership of the money. The […]
Diezani Alison-Madueke: Court grants ex-petroleum minister’s prayer challenging forfeiture order
Diezani Alison-Madueke, the former Minister of Petroleum, has been granted permission by a Federal High Court in Abuja to amend her lawsuit. This lawsuit challenges the final forfeiture order of her assets, which was issued by the Economic and Financial Crimes Commission (EFCC). The court’s decision came on Monday after Diezani’s lawyer, Godwin Inyinbor, filed […]
Court Orders Final Forfeiture of $2.045 Million and Properties Linked to Ex-CBN Governor Emefiele
In a significant ruling, a Federal High Court in Lagos has ordered former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to forfeit substantial assets, including $2.045 million, several properties, and share certificates. This order follows allegations that the assets were acquired through questionable financial activities. Justice Deinde Dipeolu of the Federal High Court ruled […]