Court Orders Forfeiture Of $7 Million In Providus Bank Recovered By EFCC To FG

The Federal High Court, Abuja Division, on Monday, ordered the final forfeiture of seven million dollars recovered by the Economic and Financial Crimes Commission to the Federal Government. Justice Emeka Nwite gave the order after EFCC’s lawyer, Rotimi Oyedepo, SAN, moved an application for the final forfeiture of the money. Mr Oyedepo reminded that the…

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FLASH: Court Grants Emefiele N2 Billion Bail Over Abuja’s Duplexes  

A Federal High Court in Abuja has granted former Central Bank Governor Godwin Emefiele bail set at ₦2 billion, with stringent surety conditions, in the ongoing prosecution over alleged financial crimes and illicit property acquisition. Justice Halilu Yusuf, presiding over the eight‑count charge, noted that Mr. Emefiele “had previously been granted bail in three other criminal…

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FLASH: Emefiele Instructed Me Not To Acknowledge Over $3 Million – Witness Tells Court 

An Ikeja Special Offences Court has heard how former Governor of Central Bank of Nigeria (CBN) Godwin Emefiele instructed his former dispatch rider not to formally acknowledge over $3millon received on his behalf. Monday Osasuwa, who was first prosecution witness (PW1), disclosed this on Monday under examination by Olalekan Ojo (SAN), counsel to Emefiele before…

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FLASH: Court Orders Forfeiture Of $2.04 Million, Seven Property Linked To Emefiele

A Federal High Court in Lagos has ordered the interim forfeiture of $2.04m and seven property connected to a former- Central Bank of Nigeria Governor, Godwin Emefiele. Justice Akintayo Aluko made the order on Thurday following an application by the Economic and Financial Crimes Commission, which is investigating alleged fraudulent activities linked to Emefiele. The…

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