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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.

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“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.

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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.

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“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.

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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.

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NAFDAC unveils tools to check fake drugs in N’East

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By Francesca Hangeior

The National Agency for Food and Drug Administration and Control has launched innovative mobile technologies aimed at combating counterfeit drugs in Nigeria’s North-East region.

The a two-day sensitisation workshop in Gombe, stakeholders from various healthcare sectors were introduced to the “Scan 2 Verify” and “Green Book App” tools designed to authenticate medicines and ensure public safety.

Speaking on Wednesday, NAFDAC’s Director-General, Professor Mojisola Adeyeye, who was represented by the Director of Post-Marketing Surveillance, Bitrus Fraden, reassured participants that all drugs registered by NAFDAC are safe and available only through legitimate outlets.

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Adeyeye further explained that the Green Book App serves as a digital registry listing certified medicines approved by the agency.

“Users can quickly verify a drug’s authenticity, with any product not listed being deemed counterfeit,” Adeyeye said.

The workshop, which targeted key stakeholders, including pharmaceutical vendors, medical doctors, and healthcare professionals, harped on the need to adopt the technologies to ensure only genuine medicines reach consumers.

Participants such as patent medicine dealers and shop owners praised NAFDAC for the timely initiative.

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Yakubu Yusuf and Hauwa Musa, participants at the workshop, described the training as a significant step toward resolving the challenges of counterfeit drugs.

NAFDAC also emphasised its ongoing efforts to shut down counterfeit drug markets in Lagos, Onitsha, and other parts of the country, reaffirming its commitment to public health and safety.

The agency highlighted the importance of public awareness in the fight against fake drugs, urging individuals to verify medicines before use and make informed health choices.

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Tinubu hails Dangote’s World Bank appointment

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By Francesca Hangeior

President Bola Ahmed Tinubu has congratulated industrialist, Aliko Dangote, on his appointment to the World Bank’s prestigious Private Sector Investment Lab, describing it as a fitting recognition of his transformative contributions to Africa’s private sector.

In a statement by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, Tinubu commended the billionaire businessman and President of the Dangote Group, stating that his inclusion in the global economic initiative is well-deserved.

“The President describes the appointment as apt, given Dangote’s rich private sector experience, strategic investments, and many employment opportunities created through his Dangote Group,” the statement said.

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The World Bank announced Dangote’s appointment on Wednesday as part of a broader effort to expand the reach and impact of its Private Sector Investment Lab.

The Lab, established to harness private capital and scale up investment in developing economies, is entering a new phase that emphasizes job creation as a key development strategy.

Dangote joins other global business leaders on the panel, including Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
The Bank said the newly expanded membership reflects its strategic focus on leveraging proven private sector leaders to drive employment growth and innovation across emerging markets.

Tinubu urged Dangote to bring his signature blend of vision and innovation to the World Bank role, expressing confidence that he would make a lasting global impact.

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“President Tinubu urges Dangote to bring to bear on the World Bank appointment his transformative ideas and initiatives to impact the emerging markets across the world fully,” the statement said.

Dangote, Africa’s richest man, leads one of the continent’s most diversified industrial groups. The Dangote Group spans sectors such as cement, fertilizer, salt, sugar, and oil and gas.

Its $20 billion petroleum refinery and petrochemical complex, recently inaugurated in Nigeria, is considered the continent’s most ambitious private sector investment and a game-changer for regional energy security.

With his new role at the World Bank, Dangote is expected to help guide efforts to channel private investments into sectors critical to sustainable growth and economic resilience in the developing world.

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Police arrest eight suspects over cult-related killings in Lagos

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By Francesca Hangeior

Eight suspected cultists allegedly involved in several cult-related killings within Yaba College of Technology and its environs have been arrested by tactical operatives of the Lagos State Police Command.

One Beretta pistol, four 9mm cartridges, one cartridge, two battle axes, and two cutlasses were recovered, according to the police.

Spokesman for the Lagos State Police Command, CSP Benjamin Hundeyin, described the operation which took place on April 29, 2025, as intelligence-led.

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He gave the identities of the arrested suspects as: Adeyemo Abdulsamad, alias Cloud, 24; Afeez Enitan, 28; Ayomide Daniel, aged 30; Olamilekan Adeagbo, alias Skinny, 26; Mayor Samson, aged 38; Basit Ishola, aged 20; Quadri Sikiru, aged 26; and Mariam Salihu, a female, 23 years old.

Hundeyin said, “Investigation is still in progress to unravel the full extent of the suspects’ involvement in cult-related activities. Members of the public are assured that the suspects will be made to face the full wrath of the law.

“The Commissioner of Police, Lagos State Command, CP Olohundare Jimoh, while commending the swift response and excellent work of the Command’s tactical teams and Eko Strike Force, who carried out the operation, urges the public to remain vigilant and report any suspicious activity to the police for appropriate action. He equally assures the public that the Command will continue to work tirelessly to ensure the safety and security of all residents and visitors to Lagos State.”

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