The Central Bank of Nigeria has requested the Federal High Court in Abuja to dismiss a forfeiture case initiated by the Economic and Financial Crimes Commission concerning a property valued at ₦2.7 billion.
This property, located at Plot 781, Cadastral Zone 001, Karmo District, Abuja, was used as collateral for a loan granted through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending under the CBN’s Anchor Borrowers’ Programme.
CBN’s lawyer, Joseph Abah, told Justice Emeka Nwite that the apex bank had filed court documents to join the EFCC case and seek its dismissal.