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Just in: Finally , Court orders forfeiture of millions of dollars, mansions, estates linked to ex-CBN gov, Emefiele
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By Kayode Sanni-Arewa
A Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830million, and multiple properties linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).
Delivering judgment on Friday, Justice Yellim Bogoro, who had earlier dismissed an application seeking to arrest Emefiele, granted the final forfeiture application of the Economic and Financial Crimes Commission (EFCC), represented by counsel Bilkisu Buhari-Bala.
The funds, now forfeited to the federal government, were held in First Bank, Titan Bank, and Zenith Bank accounts managed by individuals and entities including 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.
Properties affected by the interim forfeiture include 94 units of an 11-floor building under construction at 2 Otunba Elegushi 2nd Avenue, Ikoyi, Lagos; AM Plaza, an 11-floor office space on Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1 on Esa Street, Imoore Land, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro, Owolomi Village, Ibeju-Lekki LGA, Lagos; and two properties purchased from Chevron Nigeria, located in Lakes Estate, Lekki, Lagos.
Additional properties include a plot at Lekki Foreshore Estate Scheme, Foreshore Estate, Eti-Osa, LGA; an estate at 100 Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; land at 1 Bunmi Owulude Street, Lekki Phase 1, Lagos; and a property at 8 Bayo Kuku Road, Ikoyi, Lagos.
Justice Bogoro held that all these properties and funds are proceeds of unlawful activities which are bound to be forfeited to the Federal Government of Nigeria.
The judge held: “I find that the activities of the respondents here were unlawful. Why should they have a problem of dollars immediately Godwin Emefiele left CBN as a governor of the Bank and salary could not be paid?
“I hold that they are not legitimate business activities. I hold that Anita Omoile is a close crony of the former CBN governor Godwin Emefiele who has been given undue influence to unlawfully sway dollars from CBN.
“Consequently, I find that all the monies and properties in the schedule are finally forfeited to the Federal Government of Nigeria.”
The EFCC through its counsel Rotimi Oyedepo SAN had cited Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 44(2)(b) of the Nigerian Constitution in its application, seeking an interim forfeiture on the grounds that the funds and properties were suspected to be proceeds of unlawful activities.
Justice Bogoro, finding merit in the EFCC’s application, ordered the interim forfeiture and mandated the publication of the order in a national newspaper.
Following the failure of the defendants or anyone else to prove that the funds legitimately belonged to them, the judge then made the interim order permanent.
News
Just in: Police finally handover 16-year-old Jennifer to parents after alleged forced conversion to Islam
The Bauchi State Police Command has released 16-year-old Jennifer Joseph, a Christian teenager from Adamawa State, to her parents following weeks of controversy over her custody and disputed religious identity.
Jennifer was released to her parents on Monday after extensive deliberations at the Bauchi State Police Command, SaharaReporters has learnt.
The development followed sustained public attention and extensive reporting by SaharaReporters on the circumstances surrounding the teenager, who became the centre of a dispute involving her parents, the Bishara Dole Christian Ministry and an Islamic Da’awah group in Bauchi.
Reverend Mohammed Mohammed of The Gospel of Christ Must Be Preach International Ministry, popularly known as Bishara Dole, confirmed Jennifer’s release to SaharaReporters on Tuesday.
Mohammed, however, disclosed that the police had detained Rev. Badamasi, a staff member of the Bishara Dole ministry, over an allegation that he molested Jennifer while transporting her from her family home in Adamawa State to the ministry in Bauchi.
He described the allegation as unfounded and “laughable,” while insisting that the matter should be investigated properly.
Jennifer’s release comes after a series of controversial developments that had left her parents stranded in Bauchi while seeking to regain custody of their daughter.
The latest development has now introduced another layer to the controversy following the detention of Rev. Badamasi.
According to Reverend Mohammed, the Bishara Dole staff member was detained over an allegation that he molested Jennifer while accompanying her from Adamawa to Bauchi in a commercial bus.
Mohammed rejected the allegation, describing it as “laughable” and insisting that the ministry would not be deterred by what he considered attempts to discredit its members.
SaharaReporters could not independently establish the circumstances surrounding Badamasi’s detention or the allegation against him.
The development is also significant because earlier reports had documented claims by Bishara Dole that allegations of child molestation had been made against the ministry as part of what Mohammed described as an attempt to discredit the Christian organisation.
The ministry had called for an independent investigation into all allegations rather than allowing competing religious interests to determine Jennifer’s custody.
With Jennifer now released to her parents, attention is expected to shift to the circumstances surrounding the teenager’s custody, the competing claims over her religious identity and the allegations that emerged during the dispute.
News
Just in: Police finally handover 16-year-old Jennifer to parents after alleged forced conversion to Islam
The Bauchi State Police Command has released 16-year-old Jennifer Joseph, a Christian teenager from Adamawa State, to her parents following weeks of controversy over her custody and disputed religious identity.
Jennifer was released to her parents on Monday after extensive deliberations at the Bauchi State Police Command, SaharaReporters has learnt.
The development followed sustained public attention and extensive reporting by SaharaReporters on the circumstances surrounding the teenager, who became the centre of a dispute involving her parents, the Bishara Dole Christian Ministry and an Islamic Da’awah group in Bauchi.
Reverend Mohammed Mohammed of The Gospel of Christ Must Be Preach International Ministry, popularly known as Bishara Dole, confirmed Jennifer’s release to SaharaReporters on Tuesday.
Mohammed, however, disclosed that the police had detained Rev. Badamasi, a staff member of the Bishara Dole ministry, over an allegation that he molested Jennifer while transporting her from her family home in Adamawa State to the ministry in Bauchi.
He described the allegation as unfounded and “laughable,” while insisting that the matter should be investigated properly.
Jennifer’s release comes after a series of controversial developments that had left her parents stranded in Bauchi while seeking to regain custody of their daughter.
The latest development has now introduced another layer to the controversy following the detention of Rev. Badamasi.
According to Reverend Mohammed, the Bishara Dole staff member was detained over an allegation that he molested Jennifer while accompanying her from Adamawa to Bauchi in a commercial bus.
Mohammed rejected the allegation, describing it as “laughable” and insisting that the ministry would not be deterred by what he considered attempts to discredit its members.
SaharaReporters could not independently establish the circumstances surrounding Badamasi’s detention or the allegation against him.
The development is also significant because earlier reports had documented claims by Bishara Dole that allegations of child molestation had been made against the ministry as part of what Mohammed described as an attempt to discredit the Christian organisation.
The ministry had called for an independent investigation into all allegations rather than allowing competing religious interests to determine Jennifer’s custody.
With Jennifer now released to her parents, attention is expected to shift to the circumstances surrounding the teenager’s custody, the competing claims over her religious identity and the allegations that emerged during the dispute.
News
To be defeated, drug barons must lose their wealth, Marwa declares at Cambridge
. Tells global audience of experts how NDLEA uses asset recovery strategy in fight against drug trafficking
The Chairman/Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Mohamed Buba Marwa (Rtd), has told an international gathering of judges, law enforcement chiefs, financial intelligence experts and academics that the war against drug trafficking cannot be won by arrests alone, but must be matched by an equally aggressive pursuit of the proceeds of crime.
Marwa made this declaration while delivering a presentation titled “Criminal Property and the Criminal Process: How Can We Make It More Effective?” at the ongoing 43rd Cambridge International Symposium on Economic Crime, organised by the Centre for Geopolitics, University of Cambridge, United Kingdom.
According to him, the effectiveness of the criminal process should not be measured only by the number of convictions secured. It should also be measured by whether crime is made unprofitable. A trafficker who loses his liberty but retains his fortune has not truly been defeated. His wealth can finance another operation, support his associates and sustain the criminal enterprise.
“The ultimate objective must therefore be to deny criminals the proceeds of their crime, promptly, and lawfully while preserving the value of the property. Nigeria, through the National Drug Law Enforcement Agency, will continue to strengthen this approach.”
Addressing the session chaired by the Honourable Judge Wendy Tien, the NDLEA boss said arresting a trafficker without dismantling his fortune was like “pruning a weed at the stem while leaving its roots undisturbed,” warning that such wealth simply resurfaces “under a different name, through a different front company, in a different jurisdiction.”
He outlined six practical strategies the NDLEA has deployed to strengthen asset recovery, anchored on the National Drug Law Enforcement Agency Act 2004, the Proceeds of Crime (Recovery and Management) Act 2022, and the Money Laundering (Prevention and Prohibition) Act 2022.
He cited the forfeiture of the Hook Hotel, a property linked to a fugitive drug suspect, which was recovered through non-conviction-based forfeiture and sold for $4.2 million, with proceeds paid into the Federal Government’s forfeited assets account domiciled with the Central Bank of Nigeria; proof, he said, that a fugitive “cannot simply outrun the process and retain the benefit of his crime.”
Marwa also disclosed that NDLEA investigators and prosecutors are now embedded together from the inception of cases, a reform that has shortened the interval between arrest and the securing of restraint orders. He revealed that last month alone, the Agency froze bank accounts worth over $7 million and secured interim forfeiture orders covering multibillion-naira assets, including filling stations, multi-storey buildings and exotic vehicles linked to a fugitive methamphetamine syndicate.
On the landmark case of Nigerian billionaire and suspected drug baron Amadi Simon, arrested in Switzerland through a joint operation involving NDLEA, the U.S. Drug Enforcement Administration (DEA), and authorities in Switzerland, Greece and France, Marwa explained that three hotels linked to the suspect were placed under professional asset managers rather than shut down, to preserve their value as going concerns pending the outcome of trial.
He further highlighted the Agency’s use of provisions on unexplained wealth and living beyond one’s legitimate means as a powerful investigative trigger, and the interlocutory sale of perishable and depreciating assets to protect their value ahead of final judgment.
He noted that these efforts have now been institutionalised within Nigeria’s National Drug Control Master Plan 2026–2030, ensuring that financial disruption of drug cartels remains a sustained national priority rather than a series of isolated cases.
Distilling these experiences into three guiding principles: speed over sequence, preservation of value, and institutionalization, Marwa acknowledged that challenges remain, particularly around delays in mutual legal assistance, limited forensic accounting capacity, and the need to balance the rights of accused persons with the State’s duty to preserve assets pending trial. He called for faster international cooperation mechanisms and stronger cross-border recognition of non-conviction-based forfeiture orders.
He thanked the Centre for Geopolitics, the organisers of the Symposium, and Judge Tien for the platform, and reaffirmed NDLEA’s readiness to deepen partnerships with jurisdictions and institutions committed to dismantling the financial architecture of drug trafficking.
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