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Court orders final forfeiture of $1.4m connected to Emefiele
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The Federal High Court in Lagos has ordered the forfeiture of $1,426,175.14, which the Economic and Financial Crimes Commission (EFCC) connected to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele.
The court ruled that the funds were proceeds of unlawful activities.
Delivering judgment yesterday, Justice Ayokunle Faji held that the money must be forfeited to the Federal Government, as the EFCC had successfully proven its illegitimate origin.
The judge’s decision followed an application filed by the EFCC, represented by its counsel, Bilkisu Bahri-Bala. The commission argued that the funds were stored in the account of Donatone Limited at Titan Trust Bank (account number 2000000500) and had been traced to illicit financial dealings.
The judge thus ordered that the sum be forfeited to the Federal Government, saying the EFCC had proved the unlawfulness of the said funds.
The commission, through its counsel, Bilkisu Bahri-Bala, had told judge that the $1.4 million was warehoused in the account of Donatone Limited domiciled in Titan Trust Bank account number 2000000500, which sums had been established to be proceeds of unlawful activities.
According to an affidavit deposed to by an EFCC investigating officer David Jayeoba, the commission received intelligence reports that led to the forfeiture proceedings.
Jayeoba said: “In the course of my investigation, the commission received credible and direct intelligence which led to the tracing of funds reasonably suspected to be proceeds of unlawful activities warehoused in the Donatone Limited (DL) Titan Trust Bank account, which funds are reasonably suspected to be part of proceeds of unlawful activities.
“While investigating the monumental fraud carried out by the erstwhile Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, and his cronies, we discovered a huge amount of money warehoused and concealed in the account of (DL) domiciled in Titan Trust Bank.
“The investigation revealed that some of the brains behind the fraudulent concealment of funds reasonably suspected to have been proceeds of unlawful activities of the erstwhile Central Bank of Nigeria’s governor, Mr. Godwin Emefiele, are the natural persons – Uzeobo Anthony and Adebanjo Olurotimi, directors of DL.
“That part of the said funds, which represent the proceeds of Emefiele and his cronies’ unlawful activities, are retained in the accounts now sought to be forfeited. These directors were procured by Emefiele and used to conceal, retain and disguise funds which are the proceeds of unlawful activities.
“Between 2021 and 2022, when accessibility to forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source forex. Emefiele used his cronies to collect bribes and gratification from various entities to get approval for accessing forex.
“One of the entities (NP) paid a total sum of twenty-six million five hundred and fifty-five thousand million dollars ($26,552,000.00) into the account of (DL) domiciled in Titan Trust account number 200000.”
Justices Faji had, on May 30, 2024 ordered the interim forfeiture of the unlawful funds.
News
Photos: We’re building infrastructure for a knowledge-driven economy – Tinubu
President Bola Tinubu has said that his administration was building road infrastructure to lay the needed physical foundation for a knowledge-driven economy, stressing that education, justice, and innovation need roads to thrive.

Tinubu stated this in Abuja on Tuesday, while flagging off the construction of Collector Road CO1 in the Institutional Research District, from Nile University to Ring Road III.
Represented by the National Chairman of the All Progressives Congress, Prof Nentawe Yilwatda, the President said that the project included dualisation of the road from Baze University roundabout to Nile University, that is the Base University.
He noted that three years into his administration, the results were speaking out.
“From the Southern Parkway to the Institution and Research District, we are laying the physical foundation for a knowledge-driven economy.

“Today, we provide those roads that are needed to provide justice, education, and innovation to our people.
“To the university community, this road is more than a route. It is a connection between learning, law, and the future of our capital,” he said.
He pointed out that the Institution and Research District was designed to be the intellectual heart of Abuja, adding that universities, law chambers, research centers, and innovation hubs were growing in the area.
He, however, stressed that ideas could not move if roads do not move and connect the heart and people together.
Tinubu further said: “Under the Renewed Hope Agenda, we made a choice to finish what was started and to start what we must finish.
“The first phase of this corridor connecting the Body of Benchers, Nile, and Base University is done and ready for commissioning. Today, we begin the next phase to Ring Road III to complete the loop.
“That is how we build a city—with a plan. Not a city of abandoned pieces. Infrastructure must be continuous, and it must also be useful to the people within the environment”.

He commended FCT Minister Nyesom Wike for turning FCT into a delivery agency, stressing that the transformation of Abuja under the minister’s watch is bold, visible and worthy of commendation.
He said, “Wike, your energy is unmatched. You took over a capital with many stalled projects and turned the FCTA into a delivery agency. ‘Mr. Projects’ is not a slogan, it is a record. You have revived sleeping roads, built new interchanges, and brought development to satellite towns. You have domesticated the Renewed Hope Agenda; street by street, district by district. The transformation of Abuja under your watch is bold, visible, and worthy of commendation. Well done, Minister Wike.”
In his remarks, Wike explained that the project was considered following a plea by the Body of Benchers to provide access roads to ease the movement of people in and out of the area.
He assured FCT residents that the Tinubu administration would fulfill all the promises made to the people of FCT, adding that the project would be completed by January 2027.
The minister said that he would continue to deliver life-impacting projects to FCT residents as directed by Tinubu, stressing that the delivery would not be affected by 2027 political activities.
Earlier, acting Executive Secretary, Federal Capital Development Authority, Mr Richard Dauda, said that the Institutional Research District of the FCT is located in Phase III of the city.
Dauda said that the area was planned to accommodate educational institutions like universities, research institutions, and other government institutions as provided in the Abuja master plan.
He added that the district was being developed in stages, with this project being a major intervention in the opening of this district.
He explained that the scope of the current stage involved the construction of Collector Road CO1, from the Nile University to Ring Road III with a total length of about six kilometres.
He added that the project also included the dualisation of the section from the Base University Junction to Nile University.
News
Just in: Kidnapped APC Chairman, Another Victim Die in Abductors hideout
Tragedy struck in northern Nigeria following reports that two abducted victims, including a former chairman of the All Progressives Congress (APC) in Koko/Besse Local Government Area of Kebbi State, have died while in captivity.
The deceased, Alhaji Muhammadu Mai Barga Besse, who previously served as APC chairman in the local government area, was reportedly held hostage by armed kidnappers for an extended period before his death. Another victim who was abducted alongside him was also confirmed dead, although his identity had not been officially disclosed at the time of filing this report.
The sad development comes months after disturbing videos emerged online showing the victims in dire conditions while being held captive in the notorious Birnin Gwari forest.
The footage sparked widespread concern among family members, political associates and members of the public who called for urgent intervention to secure their release.
Despite efforts made during their captivity, both men were reportedly never reunited with their families before their deaths.
The incident has once again drawn attention to the persistent security challenges facing communities across northern Nigeria.
The Birnin Gwari axis, located along the Kaduna-Niger corridor, has become one of the country’s most dangerous regions, with criminal gangs and armed bandits frequently carrying out kidnappings, attacks on villages and other violent crimes.
Residents and stakeholders have repeatedly called on security agencies to intensify operations in the area and dismantle criminal hideouts within the vast forest, which has long served as a sanctuary for armed groups.
News of the deaths has generated an outpouring of grief on social media, with many Nigerians expressing sadness over the fate of the victims and urging authorities to strengthen efforts against kidnapping and banditry.
Popular social media personality Denglishalhajii also shared the development on Instagram, mourning the victims and drawing attention to the growing insecurity affecting many parts of the region.
The deaths of the former APC chairman and his fellow captive have further underscored the human cost of the country’s security crisis, leaving families, friends and political associates in mourning while raising renewed concerns about the safety of citizens in vulnerable communities.
News
Tinubu Seeks Constitutional Backing For State Police, Writes Senate
President Bola Tinubu has asked the senate to approve a constitutional amendment bill seeking to establish state police across Nigeria as part of efforts to strengthen the country’s security architecture.
The request was contained in a letter dated June 15, 2026, and read on the floor of the senate on Tuesday by Godswill Akpabio.
In the correspondence, Tinubu said the proposed Constitution of the Federal Republic of Nigeria (Alteration) State Police Bill, 2026, seeks to amend the 1999 constitution to provide a legal framework for the creation of state police services.
The president said the bill is designed to address Nigeria’s evolving security challenges by introducing a dual policing structure that would allow both federal and state policing systems to operate within a constitutional framework.
According to him, the proposal builds on previous legislative efforts by both chambers of the national assembly and contains additional safeguards to ensure effective implementation.
“This bill builds on the significant work already done in this regard by the House of Representatives and the Senate, and incorporates additional safeguards to ensure that the creation of a dual policing structure to address our nation’s evolving national security challenges, will be achieved quickly and effectively to the benefit of all Nigerians,” Tinubu said.
The president described the proposed legislation as a key component of his administration’s broader plan to reform Nigeria’s security system and improve the protection of lives and property.
“The proposed legislation is a critical component of our administration’s strategy to reorganize Nigeria’s security architecture to better protect our citizens, and I’m confident that the Senate will act quickly to consider and pass this bill,” he added.
Read Also: Amnesty International Demands Immediate Release of Omoyele Sowore, Condemns Detention
Tinubu urged lawmakers to give the proposal expeditious consideration.
Following the reading of the letter, Akpabio referred the bill to the senate committee on constitution review for further legislative action.
The committee was directed to report back to the chamber on the next legislative day.
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