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…
The Economic and Financial Crimes Commission has filed fresh charges against the embattled former governor of the Central Bank of Nigeria, Mr Godwin Emefiele. The charges, filed before a High Court of the Federal Capital Territory in Abuja, allege that Emefiele unlawfully acquired a housing estate comprising 753 units, and allegedly stole and controlled billions…
Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has asked the court of appeal to overturn the interim and final forfeiture of the 753 duplexes in Abuja. In an appeal dated April 30, 2025, the former CBN governor said the forfeiture orders were granted without proper evidence. BACKGROUND In December 2024, the…
The Economic and Financial Crimes Commission (EFCC) has apprehended former House of Representatives member Gudaji Kazaure for allegedly receiving N70 million from Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN). Quoting a source at the commission, DAILY NIGERIAN reports that Kazaure was taken into custody on Wednesday, shortly after a Kano…
Justice Yellim Bogoro of the Federal High Court in Lagos on Friday ordered the final forfeiture of $4.7m, N830m, and multiple properties linked to the former governor of the Central Bank of Nigeria Godwin Emefiele. The judge who had earlier dismissed an application brought by an interested party seeking to stop the judgment, from being…
An ex-Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiora has said there was no time the board of the bank recommended the 2022 nara redesign to then President Muhammadu Buhari. Obiora, who said he once served as a Special Adviser on Economic Matter to a former Governor of the CBN, Godwin Emefiele,…
The Federal High Court in Lagos State has ruled for the final forfeiture of significant assets belonging to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, directing that a cash sum of $2.045 million and eight prime properties located in Lagos and Delta states be surrendered to the Nigerian government. In a judgment delivered…
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…
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…