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Court to rule on $2.045m, properties linked to Emefiele Nov. 1

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Justice Deinde Dipeolu of the Federal High Court in Lagos has set November 1, 2024, to decide on the EFCC’s request for the final forfeiture of $2.045 million and assets linked to ex-CBN Governor, Godwin Emefiele.

The court will also rule on the application filed by Emefiele challenging the jurisdiction of the court to entertain the forfeiture proceedings.

The court had on August 25, 2024, authorised the EFCC to temporarily take custody of the cash sum of $2.045million, seven choice landed properties, and shares linked to Emefiele.

In granting the application, the court had directed the EFCC to publish the order of interim forfeiture for any person interested in the funds to show the cause why it should not be finally forfeited to the FG.

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At the resumed hearing on Friday Rotimi Oyedepo (SAN), who led Bilkisu Buhari-Bala and C.C Okezie counsel for the EFCC, moved an application for the final forfeiture of the sum of $2.045m, as well as share certificates, which he said was not contested by the interested Party.

On the properties sought to be forfeited, Oyedepo submitted that the party interested failed to connect his lawful earnings from Zenith Bank and the Central Bank of Nigeria (CBN) to the acquisition of the properties sought to be forfeited.

He stated that the totality of the amount the party interested lawfully earned and saved before the assumption of office as CBN Governor as declared by him was not used for the acquisition of the properties sought to be forfeited.

Oyedepo further adopted his written address dated August 29, 2024, and urged the court to order the final forfeiture of the properties to the Federal Government.

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In his opposition, Mr. Olalekan Ojo, counsel to the interested Party (Emefiele), who led Labi Lawal urged the court to hold that the interested party has shown in a balance of probability that the court ought not to grant final forfeiture of the properties.

He adopted his written address and urged the court to refuse the application.

Earlier, in his application challenging the jurisdiction of the court to continue with the forfeiture proceedings, Olalekan Ojo (SAN) urged the court to stay further proceedings pending final determinations of the charges filed by the EFCC against Emefiele before the Federal High Court in Abuja and at the Lagos State High Court.

Citing several legal authorities to buttress his argument, Ojo argued that the decision of the court will affect ongoing trials at the Federal High Court, Abuja, and the Lagos State High Court respectively.

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However, Oyedepo in his reply urged the court to discountenance the argument, adding the court had held on several occasions that the penance of a charge, will not prevent the court from making final forfeiture of properties reasonably suspected to be proceeds of unlawful activity.

Justice Akintayo Aluko had on August 15 ordered an interim forfeiture of $2.045 million, and some landed properties allegedly linked to Emefiele following an ex-parte application by the Economic and Financial Crimes Commission (EFCC).

The judge granted the forfeiture order, after hearing EFCC counsel, Mr. Rotimi Oyedepo (SAN).

Other properties ordered to be forfeited by the court include two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65A Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos, and a four-bedroom duplex at 12a Probyn Road, Ikoyi.

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Others are an industrial complex under construction on 22 plots of land in Agbor, Delta State; 8 units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.

The judge also ordered that two share certificates of Queensdorf Global Fund Limited Trust belonging to Emefiele be temporarily forfeited.

After granting the motion, Justice Aluko further ordered the EFCC to publish the forfeiture notice in a well-circulated national newspaper within 14 days, for any interested party to show cause and tell the court why the money and properties should not be finally forfeited.

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INEC announces date, activities for FCT Area Councils election

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The Independent National Electoral Commission has stated that the federal capital territory area council elections will be held on February 21, 2026.

The INEC chairman, Mahmood Yakubu, stated this on Wednesday during a consultative meeting with political parties in Abuja.

According to Yakubu, the last area council election in the FCT was held on February 12, 2022, adding that the tenure of the current chairmen and councillors will end next year.

“Consequently, the commission has approved that the 2026 area council election in FCT will be held on Saturday 21st February 2026.

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“Voting will take place in all the designated Polling Units across the 68 constituencies to elect the six Area Council Chairmen and 62 Councilors.

“In compliance with the mandatory legal requirements, the notice for the election will be published next month i.e. 26th February 2025. Party primaries will be held from 9th – 30th June 2025. The candidate nomination portal will open from 9.00am on 21st July 2025 to 6.00pm on 11th August 2025,” he said.

Yakubu said the final list of candidates will be published on September 22, 2025, adding that campaigns will commence on September 24 and end at midnight on February 19, 2026.

“The detailed timetable and schedule of activities for the election as well as the list of constituencies and type of elections in the FCT will be uploaded to our website before the end of this meeting.

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“Hard copies of the two documents have been included in your folders for this meeting. For your guidance, we are also including the hard copies of the regulation and guidelines for political parties 2022 in your folders while the softcopy is already available from our website www.inecnigeria.org.

“In due course, the commission will come up with plans for other routine activities such as the resumption of nationwide Continuous Voter registration and the conduct of outstanding bye-elections,” he added.

The INEC chairman said regarding the Anambra State governorship election to be held on November 8, 2025, the next activity is the conduct of primaries by political parties.

“May I remind leaders of political parties that primaries for the nomination of candidates for the Anambra State Governorship election begin in the next two months, that is, 20th March to 10th April 2025.

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“You may similarly recall that at our last regular meeting, we agreed that you would forward your schedule of activities for the election to the commission to enable us to work together and plan better for the deployment of personnel and resources for the monitoring of your party primaries and campaign activities, to avoid the last-minute rush with the attendant inability to meet deadlines and unnecessarily dissipate our energy and lean resources.

“So far, only a few parties are in compliance. I urge those that have not done so to submit the details by the end of this week,” he said.

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$30,000: EFCC on trail of officer who allegedly looted exhibit room in Kaduna

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Unidentified EFCC Operative Takes Own life

The Economic and Financial Crimes Commission (EFCC) is on the trail of one of its staff who allegedly disappeared due to his inability to explain the whereabouts of over $30,000 from exhibit room in Kaduna.

Although the leadership of the commission, including Mr Ola Olukoyede and the Head of the Media and Publicity, Mr Dele Oyewale, were yet-to comment on the development, a source said the commission was determined to get to the bottom of the issue.

An online news platform raised the red flag on Tuesday night that EFCC was enmeshed in another internal scandal as an officer in charge of Kaduna Zonal Office’s exhibit room, identified as Polycarp, allegedly absconded with over $30,000 and other valuable exhibits in his custody.

This development is seen as counterproductive for an anti-corruption agency like EFCC, especially with its recent demonstration of zero tolerance for indiscipline within the commission.

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In recent times, the commission had dismissed 27 staff who were investigated and confirmed to have been involved in similar scandalous acts as the commission’s officials.

The commission had also detained 10 staff for similar offences while other investigations are ongoing in its zonal offices across the country.

The online news platform revealed that the Zonal Director of EFCC, Benedict Ubi, had a couple of weeks ago ordered an audit of the directorate’s exhibit room following the internal heist that occurred in Lagos, which led to the disappearance of the said staff.

“Immediately after the order for the audit was given, he took an excuse to ease himself. Efforts were made to contact him but all his telephone lines were switched off.

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“This is only what the preliminary audit on foreign currency shows. There are chances that more could be uncovered after a thorough audit of the exhibit room”, the platform quoted its source.

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NASS queries minister for allocating over 70% projects to Edo

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Members of the Joint Senate and House of Representatives Committee on Regional Development were forced to go into a closed-door session on Tuesday over alleged lopsidedness in the Ministry of Regional Development’s budget.

The lawmakers queried the Minister of Regional Development, Abubakar Momoh, for alleged lopsidedness in the Ministry’s budget, indicating that 70 per cent of projects in the ministry were allocated to Edo State.

The Minister was queried when he appeared before the Committee alongside the Minister of State, Uba Maigari, to defend the 2024 budget performance and the 2025 proposal.

The lawmakers noted that the Ministry’s budget favoured Edo State over other states that were supposed to have benefitted from its projects.

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The Ministry was also queried for nonadherence to the federal character principle in situating projects of the defunct Ministry of Niger Delta.

According to them, 70 percent of the Ministry’s projects for 2024 were domiciled in Edo state.

The lawmakers said this should not be so as the Ministry is expected to cover the interest of the entire Niger Delta region.

A member of the House of Representatives, Hon Matthew Nwogu questioned the minister on why 70 percent of the projects for 2024 were located in Edo State.

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Nwogu said, “Mr Minister, tell us why most of these 2024 budgets (projects) are situated in Edo State?”

The lawmaker wondered why other states under the Ministry were excluded while the bulk of the projects went to Edo State.

Another member of the Committee, Rep Chinedu Ogar, also asked the Minister to explain to the committee on why 70 percent of the 2025 proposed projects of the ministry are also located in Edo State.

“Honorable Minister, I am happy that you are a product of the National Assembly. My constituents are not happy with this your budget because it negates the constitutional principle of federal character. About 70 percent of your projects are located in Edo state. Why?” Ogar questioned.

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Chairman, House Committee on Regional Development, Eugene Okechukwu, urged the questions to be discussed in an executive session. The committee thereafter dissolved into an executive session to interface with the minister on the matter.

Earlier, while presenting the 2024 budget performance, the Minister had told the members that out of the N20 billion allocated to the Ministry in 2024 for capital budget, N2 billion was provided for zonal intervention in the Ministry’s budget by the House Leader, Prof Julius Ihonvbere, who is from Edo State.

The Minister told the Committee that the Ministry’s total budget proposal for 2025 was N28.9 billion comprising N24 billion for capital projects; N2.7 billion for personnel cost and N1.6 billion for recurrent.

He said of the amount, a total sum of N2 billion was reserved as a zonal intervention project for the Leader of the House of Representatives.

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The Minister lamented that the amount earmarked for the Ministry of Regional Development to address the development needs of the five regional development commissions is inadequate.

He appealed to the joint committee to increase the budget of the ministry to enable it to address the development issues of the regions through the commissions.

The minister lamented that due to inadequate budgetary allocation, the ministry had been facing the challenges of a litany of abandoned and uncompleted projects; delay in project completion and poor performance.

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