An EFCC investigator, Mr Alvan Gurumnaan, has told an Ikeja High Court that an aide received $17.1 million on behalf of former CBN Governor, Godwin Emefiele over a three-year period. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demands. Emefiele’s co-defendant, Henry Omoile, is facing a three-count charge bordering on unlawful acceptance of gifts …

The Federal Government has inaugurated a ministerial panel to oversee the development and allocation of the 753-unit housing estate in Abuja, recently recovered from the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, who is facing fraud charges. The estate, located in Lokogoma District, Abuja, was handed over to the Ministry of Housing and Urban Development by …

The Federal Capital Territory (FCT) High Court in Apo, Abuja, on Monday dismissed an application filed by former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to reclaim a large estate in Abuja comprising 753 duplexes and apartments. The Estate, located at Plot 109, Cadastral Zone CO9, Lokogoma District, Abuja, which spans 150,462.84 square metres was originally …

A witness for the Economic and Financial Crimes Commission, Chinedu Eneanya, on Thursday told the Federal Capital Territory High Court in Abuja that former Central Bank of Nigeria Governor, Godwin Emefiele, disregarded the naira redesign approved by ex-President Muhammadu Buhari and implemented his own version. Eneanya, an EFCC investigator who testified as Principal Witness 7, stated that Buhari had approved …

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 …