Dismiss Emefiele’s Bid To Stop Properties Forfeiture Suit, $2.4m – EFCC Tells Court

By Akinwale Kasali

The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court, Lagos, to dismiss a motion by the embattled former Central Bank of Nigeria, CBN, governor,  Godwin Emefiele, seeking to stop the forfeiture of properties and monies linked to him.

The court had, on August 25, 2024, authorised the EFCC to temporarily take custody of the cash sum of $2.045million, seven choice landed properties and shares linked to Emefiele.

At the resumption of proceedings on Friday, Emefiele’s counsel, Olalekan Ojo (SAN), urged Justice Deinde Isaac Dipeolu to stay further proceedings in the case pending the determination of the banker’s appeal.

“We’re urging your lordship to stay proceedings pending the hearing and determination of the appeal court in order to avoid judicial rascality,” Ojo said.

But EFCC’s counsel, Rotimi Oyedepo (SAN), who appeared with Bilkisu Buhari-Bala and C.C Okezie, opposed him, saying Emefiele had not filed any appeal.

According to him, no motion from Emefiele was taken and ruled on that crystallised to an appeal.

Oyedepo said: “My lord, how can the defendant in this case rush to the Court of Appeal because the (Federal High) Court returned the (case) file to the administrative Judge for assignment, owing to the fact that the annual vacation of the court ends on the next adjourned date?

“I submit,with due respect, that the defendant just went to dump mere documents in registry of the Appeal Court. Therefore, I urge the court to hold that there is no appeal.

“Let us even assume there is an appeal, the question will be ‘has the leave of my lord been sought?’ the answer is no.

“My lord I submit with respect that this appeal cannot stop the proceedings in this matter because the leave of the court was not sought, as the rule of court has made it mandatory when it is an appeal filed on the ground of mixed fact and law.

“I submit that there is no appeal against the decision of your lordship. In an interlocutory appeal, the application of the appellant must first be taken first by the lower court before going to the higher court.

“This party has not shown any exceptional circumstances that will warrant ant stay of proceedings.

“The purported appeal has no bearing in the final determination of this case.”

“Therefore, I urged the court to hold that there is no appeal and proceed with the hearing of pending applications.”

Justices Dipeolu adjourned ruling on the issue till Monday, 11 October.