Supreme Court affirms final forfeiture of mansions, land, $2m, share certificates linked to Emefiele
The Federal High Court, Lagos, had ordered the final forfeiture of the assets because they were reasonably suspected to have been acquired with proceeds of unlawful activities.
The Supreme Court panel led by Justice Ibrahim Saulawa, held on Friday that the Federal High Court, Lagos, was right to order the permanent forfeiture of the assets on the grounds that they were reasonably suspected to have been acquired with proceeds of unlawful activities.
The Supreme Court’s decision comes about 19 months after the Federal High Court in Abuja ordered the final forfeiture of a vast estate comprising 753 housing units in Abuja recovered from Mr Emefiele.
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