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More troubles for Emefiele as Ccourt seizes N830m, multibillion naira assets linked to him
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By Francesca Hangeior
Justice Yellim Bogoro of the Federal High Court, Lagos has ordered an interim forfeiture of the sums of $4,719,054, N830, 875,611, and several properties linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.
He made the order following an ex-parte application filed by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.
Justice Bogoro, after taking the lawyers’ submission, held: “I have listened to the submission of the applicant’s counsel and also perused the motion just moved, together with the affidavit in support.
“I find merit in the application and same is hereby granted as prayed.
“The applicant should publish this order in any daily newspaper circulating all over the federation for anybody interested to show cause why the final order of forfeiture should not be made.
“Case adjourned to July 2, for motion for final forfeiture.”
The monies forfeited to the Federal Government in the interim were said to be warehoused in First Bank; Titan Bank and Zenith Bank, being operated by Omoile Anita Joy; Deep Blue Energy Service Limited; Exactquote Bureau De Change Ltd; Lipam Investment Services Limited; Tatler Services Limited; Rosajul Global Resources Ltd and TIL Communication Nigeria Ltd.
His properties being forfeited include 94 Units of 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, IKoyi, Lagos; AM Plaza, 11-floor office space, situated at 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B Lot and twin completed property in Lakes Estate Lekki, Lagos.
Others include One plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; Estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street, (Maruwa), Lekki Phase 1, Lagos and a Property Situated at 8, Bayo Kuku Road, lkoyi Lagos.
The EFCC had approached the court for an interim forfeiture of the monies and properties, under Section 17 of the Advance Fee Fraud and Other Fraud Related Offence Act. 14 2006, Section 44(2)(b) of the Constitution and under the inherent jurisdiction of the court.
The anti-graft agency had asked the court for the following: “An interim order forfeiting to the Federal Government the funds warehoused in the accounts particularised in Schedule ‘A’ which funds are reasonably suspected to be proceeds of unlawful activities.
“An interim order forfeiting to the Federal Government properties provided in 2nd Schedule ‘B’ which are proceeds of unlawful activities.
“An order directing the publication In any National Newspaper, the interim order under reliefs 1-2 above, for anyone interested in the properties and funds sought to be forfeited to appear before this court to show cause within 14 days why the final order of forfeiture of the said properties and funds should not be made in favour of the Federal Government.”
Emefiele is having running legal battles in Abuja and Lagos over alleged fraud, among other charges.
The Federal High Court in Lagos, Friday, April 12, 2024, heard that Emefiele allegedly received millions of dollars in cash, in undocumented circumstances, through a proxy, Mr. Monday Osazuwa.
Emefiele and his co-defendant, Henry Isioma-Omoile were arraigned by the Lagos Zonal Command of the EFCC on Monday, April 8, 2024, on an amended 26-count charge bordering on alleged $4.5billion and N2.8billion fraud.
He is also being tried by the EFCC at the Special Offences Court in Ikeja over alleged abuse of office and accepting gratification to the tune of $4.5 billion and N2.8 billion.
The European Union and the Federal Government of Nigeria have announced plans to convene the 10th Nigeria–EU Business Forum in Lagos on 25 June 2026, bringing together senior policymakers, investors, and business leaders to deepen trade and investment ties.
Now in its tenth edition, the Forum has evolved into a key platform for advancing economic cooperation between Nigeria and Europe, with a focus on translating dialogue into concrete partnerships and investment outcomes.
The 2026 edition is expected to centre on mobilising private capital, strengthening value chains, and expanding opportunities for businesses operating across both markets. It will feature high-level discussions, targeted business-to-business engagements, and a curated exhibition showcasing investment-ready solutions.
Speaking ahead of the Forum, Gautier Mignot, Ambassador of the European Union to Nigeria and ECOWAS, said the milestone edition reflects the growing depth of the partnership.
“The Nigeria–EU Business Forum has become a platform where ambition meets execution. This tenth edition underscores our shared commitment to mobilising investment at scale and delivering sustainable economic impact,” he said.
On his side, Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, described the Forum as a strategic opportunity to attract investment aligned with Nigeria’s development priorities.
“Nigeria remains committed to creating the conditions for sustainable economic growth and investment. The Forum provides an important platform for engaging with investors and partners, strengthening economic cooperation, and advancing initiatives that support enterprise, competitiveness, and long-term prosperity,” he said
Organisers say the Forum will build on the outcomes of previous editions, with a strong emphasis on facilitating partnerships and strengthening investment pipelines. It is also expected to provide a space for dialogue on policy, financing, and innovation, reinforcing Nigeria’s position as a leading investment destination in Africa.
The Nigeria Police Force on Saturday night confirmed the successful rescue of Mrs. Olaide Busayo Adegoke John-Paul, the sister of the immediate past minister of power, Adebayo Adelabu and her 12-year-old twin sons, Peter and Paul, who were abducted on June 3, 2026, in Ibadan, Oyo State.
According to a statement by FORCE PPRO, Anthony Okon Placid, the hostages were rescued during a coordinated operation by the Force Intelligence Department Intelligence Response Team (FID-IRT) in Ibadan at approximately 7:30 p.m. on Saturday, June 6, 2026.
Mrs. Adegoke and her children were abducted while she was driving them to school at about 7:30 a.m. on June 3, 2026.
The rescue, the statement stated, was achieved through sustained intelligence gathering, surveillance, and tactical operations which enabled investigators to track the kidnappers’ movements, resulting in a confrontation with FID-IRT operatives.
During the confrontation, two suspected kidnappers were fatally wounded and two rifles were recovered. The victims were rescued unharmed and are now in safe custody, receiving medical care and support.
The Inspector-General of Police commends the courage, professionalism, and effectiveness of the FID-IRT operatives and all officers involved. Their resilience and commitment were instrumental in the safe rescue of the hostages.
Security operatives have intensified efforts in the area to apprehend fleeing members of the kidnapping syndicate. Preliminary intelligence indicates that some suspects escaped with gunshot injuries. Operations are ongoing to track, arrest, and bring all involved to justice.
“The Nigeria Police Force appreciates the public’s support, cooperation, and patience during the operation. We remain committed to combating violent crime, protecting lives and property, and ensuring the safety of all citizens,” the statement concluded.
Armed men who kidnapped pupils and teachers from three schools in Oriire Local Government Area of Oyo State have listed some conditions before releasing victims.
The Genius Media Nigeria reports that the schools attacked are in Esinele, Yawota and Alawusa communities, where the gunmen struck on May 15 and took away students and teachers.
According to Punch, the gunmen have listed four main demands. They want the release of two detained terrorist leaders, payment of ransom, provision of two Hilux vehicles, and acceptance of Sharia-related law.
The two men they are demanding include Mahmud Usman, also known as Abu Bara’a or Abbas Mukhtar, and his deputy Abubakar Abba, also known as Isah Adam, Mahmud Al-Nigeri or Mallam Mamuda.
Both are linked to Jama’atu Ansarul Muslimeena Fii Bilaadis Sudan, also called Ansaru, a breakaway group from Boko Haram.
The group has been tied to several violent attacks in Nigeria, including the 2022 Kuje prison attack.
Security records show the suspects were arrested between May and July 2025 and are currently facing trial at the Federal High Court in Abuja.
Usman has already been convicted on a separate charge of illegal mining after admitting it was used to fund weapons for kidnappings and attacks.
He is still in custody of the Department of State Services while other charges are ongoing. His deputy has pleaded not guilty to multiple counts and remains on trial.
The kidnappers are also reportedly asking for about ₦1bn, which they want sent to an account in the Republic of Benin.
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