The Federal High Court in Lagos, presided over by Justice Deinde Dipeolu, has ordered the final forfeiture of a warehouse built on a 1.925-hectare property along the Lagos-Ibadan Expressway in Magboro, Obafemi Owode Local Government Area of Ogun State. Justice Dipeolu also ordered the permanent forfeiture of 54 general-purpose steel containers. The court issued the order for the final forfeiture …

The Lagos State Special Offences Court in Ikeja has set 7 January 2025, to decide on the objection raised by former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, regarding the $4.5 billion and N2.8 billion fraud charges brought against him by the Economic and Financial Crimes Commission (EFCC). Emefiele, along with his co-defendant, Henry Omoile, is facing 26 counts …

The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion belonging to the former Central Bank of Nigeria Governor, Godwin Emefiele to the Federal Government. Justice Chukwujekwu Aneke issued the final forfeiture order after considering a motion filed by the Economic and Financial Crimes Commission, represented by counsel Chineye Okezie …

The Economic and Financial Crimes Commission (EFCC) has submitted additional proof of evidence against the former Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele. During the court hearing on Friday, Emefiele’s counsel, Olalekan Ojo requested an adjournment to review the new evidence before continuing the cross-examination of John Ikechukwu Ayoh, the second prosecution witness. Ojo accused the EFCC …

The immediate-past Central Bank of Nigeria Governor (CBN), Mr. Godwin Emefiele has vowed to sue the Senate President Godswill Akpabio for alleged defamation. At Senator Barinada Mpigi’s thanksgiving service in Koroma, Tai Local Government Area of Rivers State last Sunday, the Senate President said that President Bola Tinubu’s administration did not know the crime to charge Emefiele with. He added …

The Senate on Tuesday resolved to probe how the N30 trillion Ways and Means loans of the Central Bank of Nigeria (CBN) was obtained and spent by the administration of former President Muhammadu Buhari. Ways and Means is a loan facility through which the CBN finances the government’s budget shortfalls. The senate stated that the reckless spending of the overdraft …

Senate President Godswill Akpabio, said on Sunday, that the Bola Tinubu administration inherited an economic mess from former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, and is unsure what charges to bring against him. At Senator Barinada Mpigi’s Thanksgiving service in Koroma, Tai Local Government Area of Rivers State, Akpabio described the economic situation left by …

Former Secretary of the Government of the Federation (SGF), Mr. Boss Mustapha said on Tuesday that $6.2 million was released from the Central Bank of Nigeria (CBN) in February 2023 using a forged document. Mustapha stated this when he appeared as the fourth prosecution witness in the ongoing fraud trial of the immediate-past CBN Governor, Mr. Godwin Emefiele, before the …

A former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has been released from the Kuje Correctional Centre after meeting up with his bail condition.. It was learnt that Emefiele was released on Friday. The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development to our correspondent on Saturday. “I can confirm to you …

A Federal Capital Territory High Court will deliver judgment in the enforcement of a fundamental rights suit filed by a former Central Bank of Nigeria Governor, Godwin Emefiele, on 8th January 2024. Following his prolonged detention, Emefiele had dragged the Federal Government, Attorney-General of the Federation, Executive Chairman, Economic and Financial Crimes Commission (EFCC), and the commission before the court …