The Supreme Court has reinstated the final forfeiture of seven multi-million naira properties linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele, completely overturning an earlier Court of Appeal decision that had halted the seizure. In a unanimous judgment delivered on Friday, a five-member panel of the apex court, led by…
The House of Representatives has called on the Federal Government to allocate a forfeited estate in Abuja—allegedly linked to former Central Bank Governor Godwin Emefiele—to low- and middle-income earners, internally displaced persons (IDPs), and other vulnerable Nigerians. This resolution followed the adoption of a motion sponsored by Rep. Jafaru Gambo Leko, titled “Need for Transparent…
The trial of former CBN Governor, Godwin Emefiele, hit another roadblock as the EFCC and defence counsel clashed over the forensic examination of an iPhone containing WhatsApp chats used as evidence. At the Lagos High Court in Ikeja, Justice Rahman Oshodi heard that a joint forensic review ordered by the court couldn’t proceed due to…
Justice Halilu Yusuf of the Federal Capital Territory High Court on Monday granted ₦2 billion bail to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, following his arraignment on an eight-count charge. The charges include unlawful acquisition of a 753-unit housing estate, alleged theft, and control of billions of naira through proxy accounts. In…
The Lagos Division of the Court of Appeal has nullified a final forfeiture order that transferred assets belonging to former Central Bank of Nigeria Governor, Godwin Emefiele, to the Federal Government. In a split decision (2-1) delivered on April 9, 2025, and detailed in a certified true copy obtained by our correspondent on Sunday, the…
The Federal Government has finalized plans to sell a large estate, previously linked to former Central Bank Governor Godwin Emefiele, to Nigerians in the low and middle-income brackets. The expansive estate, comprising 753 housing units, was recovered by the Economic and Financial Crimes Commission (EFCC) in December 2024. Spanning over 150,000 square metres and featuring…
Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja has rejected the additional evidence submitted by the Economic and Financial Crimes Commission (EFCC) against Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), in his alleged procurement fraud trial. Delivering his ruling on a motion filed by Emefiele to…
