National Economy
Saturday, July 12, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

Emefiele Challenges Forfeiture Of 753 Abuja Houses

by Ngozi Ibe and Olakunle Olasanmi
1 month ago
in News
Reading Time: 2 mins read
Emefiele,Emefiele Challenges Forfeiture Of 753 Abuja Houses
Share on FacebookShare on TwitterShare on Telegram

Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has approached the Court of Appeal in Abuja, to upturn an order of a High Court granting the takeover of 753 housing units in Abuja, to the Federal Government.

The Economic and Financial Crimes Commission (EFCC) had obtained a court order to seize the estate.

Emefiele, through his legal representative, A.M. Kotoye, contended that he ought to have been involved in the proceedings, as he holds an interest in the property.

He is now seeking the Appeal Court’s reversal of the lower court’s ruling.

You May Like

Trump Threatens 10% Tariff On Countries Aligning With BRICS

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

“I was unaware of the forfeiture,” Emefiele said.

He told the court that the EFCC published the interim forfeiture notice in an obscure section of a newspaper, making it difficult to detect.

Additionally, Emefiele explained that he was simultaneously managing three criminal cases in both Abuja and Lagos, which hindered his ability to notice the publication.

He further accused the EFCC of deliberately concealing the forfeiture case from him, despite their ongoing engagement with him on other charges.

The trial court, however, dismissed his claim, ruling that the EFCC had followed due process and that the newspaper notice was sufficient.

The judge declared that the notice “could not reasonably be described as hidden.”

He argued in the appeal that the trial court had misconstrued his application and erroneously dismissed it without proper consideration of critical facts, asserting that the orders were founded on “hearsay, suspicion, and no proper evidence.”

Emefiele also maintained that he possessed both legal and equitable interests in the estate despite the court’s assertion that he failed to provide proof of ownership.

“The entire ruling is a miscarriage of justice,” Emefiele declared.

He added, “The failure of the trial judge to properly evaluate the affidavit and documents before him is perverse and has caused a miscarriage of justice.

“The orders were made in breach of the 1999 Constitution and are therefore null and void.”

Tags: EMEFIELEEmefiele Challenges Forfeiture Of 753 Abuja Houses
ShareTweetShare
Previous Post

Kano Releases N16bn Entitlements To Ex-LG Councillors, Current Officials

Next Post

Drug Trafficker Bags 24-yr Jail Term, Forfeits N16.8m, Car

ANOTHER GOOD READ

Trump Cryptocurrency Drops Amid US Tariff Backlash
News

Trump Threatens 10% Tariff On Countries Aligning With BRICS

5 days ago
China Hits US With Retaliatory Tariffs, Launches Probe Into Google Practices
News

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

5 days ago
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy
News

Fiscal Governance Lifeblood Of National Development— Tinubu

5 days ago
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy
News

At BRICS Summit,Tinubu Demands Reform Of Global Financial, Health Systems

5 days ago
LG Launches “Radio Optimism” Campaign
News

LG Launches “Radio Optimism” Campaign

5 days ago
Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

6 days ago
Next Post
Drug Trafficker Bags 24-yr Jail Term, Forfeits N16.8m, Car

Drug Trafficker Bags 24-yr Jail Term, Forfeits N16.8m, Car

Most Recent

Trump Cryptocurrency Drops Amid US Tariff Backlash

Trump Threatens 10% Tariff On Countries Aligning With BRICS

July 7, 2025
China Hits US With Retaliatory Tariffs, Launches Probe Into Google Practices

China Responds To Trump’s Tariff Threat Against BRICS-Aligned Countries

July 7, 2025
CBN Unveils New Liquidity Instruments For NIFIs

CBN Clarifies BVN Fee For Nigerians In Diaspora

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

Fiscal Governance Lifeblood Of National Development— Tinubu

July 7, 2025
Labour Institute’s DG Hails Tinubu On Rights Protection, Nigeria First Policy

At BRICS Summit,Tinubu Demands Reform Of Global Financial, Health Systems

July 7, 2025
LG Launches “Radio Optimism” Campaign

LG Launches “Radio Optimism” Campaign

July 7, 2025
Are Africans Genetically Inferior?

Are Africans Genetically Inferior?

July 7, 2025
Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

July 7, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy