Justice Ayokunle Faji of the Federal High Court Ikoyi, Lagos has ordered the forfeiture of the sum of $1,426,175.14 fraud linked by the Economic and Financial Crimes Commission (EFCC) with the embattled former governor of the Central Bank, Godwin Emefiele. The Commission, through its counsel Bilkisu Bahri-Bala told the judge that the $1.4m was warehoused in the account of Donatone Limited domiciled in Titan Trust Bank account number 2000000500, which sums had been established to be proceeds of unlawful activities.

According to an affidavit deposed to by David Jayeoba, an EFCC investigating officer, it was proofed that between 2021 and 2022, when accessibility to Forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source Forex. Emefiele used his cronies to collect bribes and gratification from various entities to get approval for accessing Forex. One of the entities (NP) paid a total sum of Twenty-Six Million Five Hundred and Fifty-Five Thousand Million Dollars ($26,552,000.00) into the account of (DL) domiciled in Titan Trust account number 200000”. Justices Faji had on the 30th of May 2024 ordered the interim forfeiture of the unlawful funds.