The Supreme Court has ordered the permanent forfeiture of properties linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
In its judgment, the apex court overturned an earlier ruling of the Court of Appeal, which had directed that the matter be retried.
A five-member panel of the Supreme Court, led by Justice Ibrahim Saulawa, unanimously upheld the appeal and set aside the decision of the Lagos Division of the Court of Appeal, which had nullified the forfeiture order earlier issued by the Federal High Court in Lagos.
The apex court’s decision effectively restores the final forfeiture of the assets, bringing to an end the legal challenge mounted by Emefiele against the Federal High Court’s order.