Court Confiscates Multibillion-Dollar Assets, $4.7 Million, ₦830 Million Allegedly Tied To Emefiele (Comprehensive List Of Assets)

According to Justice Bogoro, “The applicant is required to publish this order in any widely circulated daily newspapers nationwide, providing an opportunity for interested parties to show cause why the final order of forfeiture should not be granted.”

The funds temporarily forfeited to the Federal Government were reportedly held in accounts managed by Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

Emefiele’s properties seized by the federal government include: “94 units of an 11-storey building under construction at 2, Otunba Elegushi 2nd Avenue (formerly Club) Road, Ikoyi, Lagos; AM Plaza, an 11-story office space located at 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos; and 2 properties acquired from Chevron Nigeria, Closed PFA Fund, Block B.Lot.Twin Completed property Lakes Estate, Lekki, Lagos.”

Moreover, other properties include: “one plot measuring 1,038.069 sqm at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa LGA; an estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; a land at 1, Bunmi Owulude Street (Maruwa), Lekki Phase 1, Lagos; and a property situated at 8, Bayo Kuku Road, Ikoyi, Lagos.”

The EFCC had requested court approval for interim forfeiture of the funds and properties under Section 17 of the Advance Fee Fraud and other Fraud-Related Offences Act of 2006, Section 44(2)(b) of the Constitution, and the court’s inherent jurisdiction.

The anti-corruption body sought court approval for the following: “an Interim Order forfeiting to the Federal Government of Nigeria the funds warehoused in the accounts particularized in Schedule ‘A,’ which funds are reasonably suspected to be proceeds of unlawful activities.

“An Interim order forfeiting to the Federal Government of Nigeria Properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.