Court Orders Final Forfeiture of $1.4m Linked to Emefiele, Ex-CBN Gov

 

Justice Ayokunle Faji of the Federal High Court, Ikoyi, Lagos, on Thursday, March 6, 2025, ordered the final forfeiture of $1,426,175.14 (One Million, Four Hundred and Twenty Six Thousand, One Hundred and Seventy Five United States Dollars, Fourteen cents)  linked to a former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

The order followed a motion filed by the respondent seeking to set aside the court’s final forfeiture order of June 25, 2024.

The court had given the final forfeiture order after a motion on notice filed and argued by Bilkisu Buhari, counsel for the EFCC, which went uncontested by any interested parties.

The motion was supported by an affidavit deposed to by David Jayeoba, an investigating officer with the EFCC who stated that investigation carried out showed that the fund was reasonably suspected to be proceed of unlawful activities “warehoused” in Donatone Limited’s  (DL)’s Titan Trust Bank account.

He stated thus: “The investigation traced the funds to having been fixed into interest-yielding accounts, dissipated and laundered through a foreign account in Mauritius, and transported back to Nigeria under disguise.

“Of the total sum of $26,552,000.00 USD received by the firm, the balance standing in the said account as of today is the sum of $1,426,175.14 million USD.

“It is the balance in the account that the applicant seeks to forfeit to the Federal Government of Nigeria, which has been traced to be the proceeds of unlawful activities of erstwhile Central Bank Governor of Nigeria, Mr. Godwin Emefiele and his cronies.

“Investigation further revealed that the international entities sourcing for forex were pressured into parting with huge funds to access forex during the period.

“The signatories to the account warehousing the sum of $1,426,175.14 USD sought to be forfeited are at large and are making frantic efforts to dissipate the funds electronically.”

Subsequently, the court granted the order.

However, in a counter-affidavit by solicitors for Donatone Limited dated November 25, 2024, they argued that the depositions contained in paragraphs four to 18 of the affidavit deposed to by Jayeoba were not correct.

Responding to the counter-affidavit, the EFCC in an affidavit dated November 29, 2024 countered their claim with more evidence.

Subsequently, Justice Faji held that: “Anyone laying claims to the fund, must show the lawfulness of the acquisition and not that the said fund is not proceeds of crime.

“Having listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support, the motion is hereby granted.”

Consequently, Justice Faji granted the application for final forfeiture of the fund

Grace Nation PHDS: You Must Fight hard to End Your Family Pattern – Dr Chris Okafor

 

You cannot be born again and experience the same pattern they go through in your lineage, it will be a kind of insult to the kingdom when you understand the kingdom Practice and still follow suit in the family pattern, No it cannot be.

This and more are the foundation raised by the Senior Pastor Grace Nation international aka Liberation City Dr Chris Okafor at the Midweek Prophetic, Healing, Deliverance and Solutions PHDS service held on Thursday 6th 2025 at the international Headquarters of Grace Nation world-wide in Ojodu Berger Lagos

The Generational Prophet of God Dr Chris Okafor who Preached on the Subject Victory Over the Devil of My Father’s House, said to become victorious over your Family pattern you must first understand the source of the Problems, then you can fight it out.

The Generational Prophet of God emphasised that some parents have sinned and are no more but the children faces the consequences of the mistake they made, therefore for you to enjoy total freedom from your father’s iniquity you must be determined to fight battles. You must fight to end the same family pattern limiting greatness in your bloodline.

Therefore To end the family Pattern,The Generational Prophet of God said You must be ready to leave a righteous life, a Holy life full of Purity, You also must be Prayerful and Practice Kingdom Sacrifice, Meaning you must partner with the kingdom with your substance because when you partner with the kingdom, the kingdom in return stand for you in the day of need, The Apostle of altars concluded that the Job of the Spirit is to Permanently keep you for Good and to do many exploits.

The Realms of the Prophetic witness Supernatural hand of God, Evil altars catching fire, Bloodline diseases receives healing ,Various kinds of Miracles, Deliverance,Healing and Restoration of destiny.

Meanwhile the Annual family Liberation Conference Harvest of Babies is expected to come up at the end of March 2025, the Much anticipated program is expected to put smile on the faces of mothers as more Mother will carry there Miracle babies, so get ready for the conference, details of the conference will be publish in our subsequent Publications.

Court Dismisses Businessman, Funtua’s Suit Seeking To Stop EFCC’s Probe Over Alleged Fraud

A Federal High Court in Abuja and presided over by Justice Emeka Nwite has thrown out a suit seeking to compel the Attorney General of the Federation and Minister of Justice, AGF, Mr Lateef Fagbemi, SAN, to stop the Economic and Financial Crimes Commission, EFCC, from investigating allegations of fraud and economic crimes allegedly committed by a businessman, Abu Samaila Isa Funtua.

 

The presiding judge dismissed the case on Monday, February 24, 2025 on the ground that the request of the businessman lacked merit and substance.

 

 

Delivering judgment in a fundamental rights enforcement suit against AGF and EFCC, Justice Nwite held that AGF has enormous power to take over proceedings in criminal matters but held that such enormous powers are not at large.

Justice Nwite said that under Section 43 of EFCC Act 2004, the anti-graft agency was not under any obligation to take advice from any ministry or agency to drop its statutory powers to initiate investigation into any alleged economic crimes.

The businessman had in his suit marked FHC/ABJ/CS/2024 sued the AGF and EFCC complaining of unlawful investigation into some business transactions involving him and others.

He alleged that EFCC was biased and mischievous in the ways and manners he was being investigated.

Specifically, Funtua alleged that EFCC was acting the script of his business adversaries to cause investigation against him without telling him the nature of his offence or show any petition against him.

Funtua subsequently asked Justice Nwite to issue an order of mandamus against the AGF to order EFCC to drop the investigation and direct any other security agency of the federal government to take over the investigation.

However, in his judgment, Justice Nwite held that Section 174 (3) of the 1999 Constitution upon which the case was predicated did not confer any power on the AGF to nominate any agency to conduct investigation into economic crimes or financial breaches.

The judge held that in the exercise of its statutory duties, the EFCC was not under any obligation to obey directives from any ministry or government department.

Justice Nwite said that Section 43 of the EFCC Act 2004, has no ambiguity to the fact that the anti-graft agency shall have powers to initiate investigation into alleged economic crimes and initiate prosecution of those indicted in the process.

He subsequently dismissed the suit for want of merit and substance.