Tag: Godwin Emefiele

Appeal Court nullifies Emefiele’s asset forfeiture

Aminu Imam
Appeal Court nullifies

The Court of Appeal, Lagos Division, has overturned the final forfeiture order issued on the assets of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government. In a split decision of two-to-one, delivered on April 9, 2025, the appellate court set aside the judgment and ordered a retrial of the case at the lower court. Recall that the Federal High Court in Lagos had, in its ruling on November 1, 2024, granted the Economic and Financial Crimes Commission (EFCC)’s application for the final…

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FG to sell 753 housing units recovered from ex-CBN gov. Emefiele

Aminu Imam
FG on Emefiele estate

The Ministry of Housing and Urban Development has officially taken delivery of a 753-unit housing estate formerly owned by embattled ex-Central Bank of Nigeria (CBN) governor, Godwin Emefiele. The Ministry said that the property was handed over by the Economic and Financial Crimes Commission (EFCC) yesterday, at the Ministry’s headquarters in Abuja. In an issued statement by the Director, Press and Public Relations, Ministry of Housing and Urban Development, Salisu Haiba, “The Ministry of Housing and Urban Development has taken delivery of the 753 Housing Units Abuja housing estate of…

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Emefiele to permanently forfeit N12bn property – Court rules

Aminu Imam
Emefiele forfeiture2

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 governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government. The presiding judge, Justice Chukwujekwu Aneke, issued the final forfeiture order after considering a motion filed by the Economic and Financial Crimes Commission, (EFCC), represented by counsel Chineye Okezie, on Friday. The judge said, “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – that a final…

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Court documents reveal how ‘$6.2m stolen from CBN’ was shared

Aminu Imam
CBN dollars

Court documents have revealed how $6,230,000 cash allegedly stolen from the Central Bank of Nigeria (CBN), on February 8, 2023, was shared. Recall that President Bola Tinubu had set up a special investigative team, led by Jim Obaze, to probe the tenure of Godwin Emefiele, former CBN governor. The team had claimed that $6.2 million was removed from the apex bank’s vault under the guise of paying election observers. Emefiele is standing trial on a 20-count amended criminal charge preferred against him by the Economic and Financial Crimes Commission, (EFCC).…

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EFCC seeks new forfeiture order on $4.7m, ?830m linked to ex-CBN Gov. Emefiele after court reversal

Aminu Imam
EFCC logo

After a Federal High Court in Lagos, presided over by Justice C.J. Aneke, had on May 14, 2024, vacated an interim forfeiture order sought by the Economic and Financial Crimes Commission (EFCC) on monies domiciled in Nigerian banks and properties allegedly linked to Godwin Emefiele, the former Governor of the Central Bank of Nigeria, (CBN), on December 4, 2023, Nigeria’s anti-graft agency has approached another Federal High Court in Lagos to secure another interim forfeiture order on the same sums of $4,719,054, N830,875,611, and properties allegedly linked to Emefiele. Certified…

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Emefiele gets N300m bail, denies N684.5m note printing

Aminu Imam
Emefiele in court

A Federal Capital Territory (FCT) High Court in Abuja, yesterday, granted the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele, bail in the sum of N300 million, following his arraignment on the unlawful redesign of the naira notes. Recall that Emefiele was accused of approving the printing of N684.5 million at the rate of N18.96 billion. The anti-graft agency also said the embattled former governor unlawfully approved the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. The former apex bank chief was also said…

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EFCC files fresh charges against Emefiele over printing of Naira notes

Aminu Imam
Emefiele EFCC

The Economic and Financial Crimes Commission (EFCC) has brought a fresh four-count charge against Godwin Emefiele, the former governor of the Central Bank of Nigeria, (CBN). The charges, which include accusations of “illegal” printing of naira notes, will be heard by a judge at the Federal Capital Territory (FCT) High Court, today, Wednesday. According to the charge sheet, the EFCC alleges that Emefiele “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from former President Muhammadu…

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Akpabio under fire, as Ohanaeze youths rally behind Emefiele

Aminu Imam
Akpabio Emefiele

Senate President, Godswill Akpabio, has come under fire over his remarks against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The Ohanaeze Youths, on Sunday, lashed out at the Senate President, insisting that Emefiele stabilised the economy which the National Assembly was destroying with its legislative recklessness. The youths asserted this in a reaction to Akpabio’s attacks on Emefiele at Ikot Ekpene Stadium over the weekend while addressing his kinsmen from Akwa Ibom North-West Senatorial District who hosted him and his National Assembly colleagues in a…

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Emefiele challenges court’s jurisdiction, hires al-Mustapha’s lawyer

Aminu Imam
Emefiele challenges

Former governor of Central Bank of Nigeria, (CBN), Godwin Emefiele, has hired a Senior Advocate of Nigeria (SAN), Olalekan Ojo, to lead his defence in his on-going trial for fraud at the Lagos High Court. The embattled apex bank chief is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged $4.5 billion and N2.8 billion acts of fraud. Ojo is well known for his defence of Major Hamza al-Mustapha (rtd),  a former Chief Security Officer to the Late military Head of State, General Sani Abacha. Ojo defended…

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‘?Tinubu’s DSS repeatedly violated Emefiele’s human rights’ – U.S.

Aminu Imam
US on Emefiele

The Department of State Service (DSS) attached to Nigeria’s President, Bola Tinubu, violated the rights of former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, a report by the United States (U.S.) government has revealed. Recall that Emefiele, who supervised different unfavourable economic reforms and policy in the country’s apex bank, was suspended by Tinubu in June, last year. According to the U.S. annual global report on human rights, during the arrest of Emefiele, a fight broke out between the operatives of the DSS and the Nigerian Correctional Service officers.…

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