Metro

Court Forfeits $2.04m, Properties, Shares Linked To Emefiele

Published

1 year ago

August 15, 2024

The Federal High Court in Lagos has ordered the interim forfeiture of a cash sum of $2,045m linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Justice Akintayo Aluko also ordered the interim forfeiture of seven landed properties linked to the suspended CBN Governor.

The lands are listed as: “Two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 LYING, being and situate at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow lying, being and situate at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos; four bedroom duplex lying, being and situate at 12a Probyn Road, Ikoyi; Industrial complex under construction on a 22-plot of land, lying, being and situate in Agbor, Delta State; 8 units of the undetached apartment on a plot measuring 2457.60sqm OF lying, being and situate at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm lying, being and situate at 2a Bank Road, Ikoyi, Lagos”.

Justice Aluko further ordered the interim forfeiture of 2 shares of share certificates of Queensdorf Global Fund Limited Trust.

The judge made the interim forfeiture orders on Thursday, after taking an application for the orders in a suit filed and moved by the Economic and Financial Crimes Commission (EFCC) counsel, Senior Advocate of Nigeria, Rotimi Oyedepo who led Chineye Okezie and Zeenat Atiku-Bala.

In urging the court to forfeit the assets, Oyedepo said the money and other items sought to be forfeited are reasonably suspected to be proceeds of unlawful activities.

Oyedepo also added that the orders sought are pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006, Section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria and the court’s inherent jurisdiction.

The Senior Advocate also told the court that the motion exparte is supported by an affidavit deposed to by one Idi Musa, an Investigator attached to the Lagos office of the EFCC.

Part of the deponent’s averments in the affidavit reads: “That I am one of the operatives of the Economic and Financial Crimes Commission assigned to investigate the damning intelligence report received by the Economic And Financial Crimes Commission in respect of monumental fraudulent activities perpetrated by some senior officers of the Central Bank of Nigeria through which huge sums of money were fraudulently converted and transferred for personal use.

“That the Commission whilst investigating the alleged monumental fraud carried out by the immediate past Governor of the Central Bank of Nigeria (CBN) and his Cronies traced and discovered several properties reasonably suspected to have been acquired and or developed with proceeds of unlawful activities.

“That the said properties particularised in Schedules ‘A’ and ‘B’ herein, having been reasonably suspected to have been acquired/ developed with proceeds of unlawful activities are now sought to be forfeited to the Federal Government of Nigeria in the interim.

“In the cause of this investigation, it was revealed that the erstwhile CBN governor negotiates kickbacks in return for allocation of Foreign Exchange to some companies who were in desperate need of foreign exchange for their lawful and legitimate businesses.

“That upon investigation, it was revealed that one Ifeanyi Omeke, a Deputy General Manager and Head, Litigation of Zenith Bank Plc, who worked closely with Godwin Emefiele ran several errands for him which included purchase and perfection of title documents for several properties located in highbrow areas of Lagos. And that upon a search conducted in the office premises of Mr Ifeanyi Collins Omeke by the operatives, several seals for various companies including but not limited to Queensdorf Global Fund Limited were recovered.

“That the said seals were kept in the custody of Mr Ifeanyi Collins Omeke by Godwin Emefiele. And that Investigation has revealed that all seven companies listed above are suspected to be shell companies used by Godwin Emefiele as vehicles for money laundering and holding proceeds of his illicit activities.

“That sometime in 2018, one Olusola Bodunde acquired a parcel of land located at Hakeem Odumosu Street, Lekki Phase 1, Lagos and partnered with one Idowu Sharafa to develop three units of 5-bedroom duplexes with attached BQ on the land. And that sometime in 2020, one Ifeanyi Omeke approached Mr Olusola Bodunde and subsequently paid the total sum of N460,000,000. 00 (Four Hundred and Sixty Million Naira) for two of the three developed duplexes, purchased in the name of Amrash Ventures Limited, all on behalf and the instructions of Godwin Emefiele.

“That the sum of Two Million, Forty-Five Thousand Dollars ($2,045,000.00) and the shares certificate, were also recovered in the office of Mr. Collins Ifeanyi Omeke at the Zenith Bank Head office on Ajose Adeogun Street, Victoria Island, Lagos.

“That most of the proceeds of Godwin Emefiele’s illegal activities were invested in the acquisition of various properties now sought to be forfeited to the Federal Government of Nigeria. And that the properties now sought to be forfeited were not acquired with proceeds of any legitimate earnings but rather from funds reasonably suspected to have been derived from proceeds of unlawful activities.

“That from findings of our investigation, I also know as a fact and verily believe that the properties sought to be forfeited were acquired in the name of cooperating entities to conceal the unlawful origin of the funds used for their acquisition. And that the title document in respect of the properties listed in Schedule A herein was recovered by the team in the course of this investigation.

“That I know as a fact and verily believed that the funds used for the acquisition of the properties sought to be forfeited are reasonably suspected to be proceeds of unlawful activities and not the legitimate earnings of Godwin Emefiele.

“That most of the fraudulently earned funds have been invested in the acquisition of the various properties now sought to be forfeited to the Federal Government of Nigeria. And that the properties were acquired by Godwin Emefiele and kept in the custody of Mr Collins Ifeanyi Omeke, with sums traced and reasonably believed to be proceeds of unlawful activities to wit; kickback from allocation of Foreign exchange.

“That investigation further revealed that all these companies were used in the intermediate steps to perfect this scheme of fraud. And that it is in the interest of justice to grant this application.”

After listening to Oyedepo’s submissions and reading through all the processes filed and the plethoras of legal authorities cited, Justice Aluko granted the interim forfeiture of the money, the share certificates and the landed properties.

Metro

Army Kills Notorious Bandit, Babangida, In Kogi

Published

20 hours ago

September 13, 2025

Editor

Troops of 12 Brigade Nigerian Army under Operation ACCORD III, in conjunction with Other Hybrid Forces (OHF), have killed Babangida Kachala, a notorious bandit and second-in-command to Kachala Shuaibu, the leader of a bandit group operating within Masalaci Boka and Ofere Forest areas of Kogi State.

The Acting Assistant Director, Army Public Relations 12 Brigade, Nigerian Army, Hassan Abdullahi Lieutenant in a statement issued on Saturday and made available to newsmen, said on 11 September 2025, following credible intelligence on the movement of bandits within Ofere Forest and Ayetoro Gbede general area, the combined troops laid an ambush at a suspected bandit crossing point.

The statement read: “Although initial contact was not made, the troops, while withdrawing to base, ran into an ambush staged by the criminals along their route.

“In the ensuing firefight, the gallant troops engaged the bandits with superior firepower, neutralizing one of the criminals. The troops thereafter exploited the area, during which they recovered 1 fully loaded magazine, 31 mobile phones, a blood pressure machine, packs of Tramadol tablets, fetish charms, and the sum of ₦16,000 cash. Bloodstains observed at the scene further suggested that several other bandits escaped with gunshot wounds.

“Subsequent intelligence confirmed that among those who fled with gunshot wounds was Babangida Kachala, a notorious bandit and second-in-command to Kachala Shuaibu, the leader of a bandit group operating within Masalaci Boka and Ofere Forest areas of Kogi State. He was later confirmed dead.

“Troops of 12 Brigade under Operation ACCORD III continue to dominate the area of responsibility with patrols and ambushes aimed at totally decimating bandits and other criminal elements within the boundaries of Kogi State. The morale and fighting efficiency of the troops remain high as they sustain unrelenting pressure on the criminals.

“The Nigerian Army reassures the good people of Kogi State of its determination to restore lasting peace and security, while encouraging citizens to provide timely and credible information to aid ongoing operations.”

Metro

Two Bodies Recovered From Yaba Building Collapse

Published

21 hours ago

September 13, 2025

Editor

Photo: File copy

Yaba building collapse
Two male dead bodies have been recovered from a three-storey building that collapsed under construction on Friday night at Yaba, a suburb of Lagos.

Mrs Ibitayo Adenike, Acting Head, National Emergency Management Agency (Lagos Operations Office), disclosed this in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos.

NAN reports that so far, two dead bodies have been recovered, while four persons have been rescued and are currently receiving treatment.

Adenike said that the building at No 333 Borno Street, Alagomeji, Yaba, collapsed on Friday night by 8.30 p.m. trapping several persons.

She added that search and rescue operation was still ongoing.

She noted that the number of people still trapped under the rubble could not be determined until the building was completely brought down to ground level.

She listed emergency responders at the scene to include the Lagos State Emergency Management Agency (LASEMA), Lagos State Fire and Rescue Service, Lagos State Building and Control Agency, the Nigeria Police Force, among others.

Metro

My Ex-wife Refused To Pack Out Of My House After Our Marriage Was Dissolved, Man Tells Court

Published

1 day ago

September 13, 2025

Editor

…I contributed N650,000 to the building of the house —Wife

…You’re now a tenant and trespassing, move out, court orders woman

A man, Quadri, has dragged his ex-wife, Gbemisola, before Grade A Customary Court, Mapo, Ibadan, on the account of illegal possession of his properties, a three-bedroom apartment she was living in and also his shop, where she displayed her goods.

Quadri stated that Gbemisola had been in possession of these properties for more than one year, after the court had pronounced their wedlock dissolved.

According to Quadri, since they were no longer husband and wife, he regarded Gbemisola as either a tenant or a trespasser.

He further stated that he served

Gbemisola notices to quit but that she remained adamant.

The plaintiff thus prayed the court to rule that the defendant should vacate both his house and shop without delay.

Quadri in his testimony said: “My marriage to my wife was pronounced dissolved by this honourable court last year August after I brought a divorce suit against her as a result of her atrocities which I could no longer tolerate.

“The court declared that we ceased to be husband and wife and ordered that we go our different ways.

“My lord, my ex-wife has refused to obey the court’s ruling.

“She insisted that she would neither move out of my house nor pack her wares from my shop.

“I raised these buildings through my sweat, but she is now laying claim to them.

“I enlightened my ex-wife in line with the law that she has automatically become a tenant or regarded as trespassing on my property since our marriage has been dissolved, but she obviously did not realise the gravity of these offences.

“I served her quit notices, but she remained adamant.

“My lord, I came to court that it might rule that my ex-wife vacates my three-bedroom apartment and shop without delay.”

Gbemisola, however, refused to be addressed as a tenant.

The defendant explained that she and the plaintiff both contributed financially to the construction of two properties he was now solely laying claim to.

Gbemisola insisted that the properties be sold and the proceeds from the sale shared among her, her ex-husband, and their children.

Gbemisola said in her evidence: “I refused to be addressed as a tenant in the house I contributed my hard-earned money towards its building.

“The two properties my husband is laying claim to are products of our joint efforts, so I cannot be referred to as trespassing.

“He bought the land for N700,000, while I contributed three times towards the building project.

“I contributed N200,000, N150,000 and N300,000 respectively.

“I visited the site at three different times to inspect the construction work going on at that time.

“I did not document the amount I contributed and those of other expenses because I did all I did out of love, and also for the sake of our children.

“He wants me to vacate the said apartment and shop because he wants to remarry.

“He wants to cheat me, and I will not allow it.

“My lord, I pray that the court should rule that we sell both properties and share the proceeds from it into three.

“He will take a share, I will take mine, and our children also will have theirs.”

The court president, Mrs S.M. Akintayo, giving her judgment stated that the defendant had no right to still be in possession of both property, the three-bedroom apartment, and shop since the court had dissolved their union after the plaintiff dragged her to court, laid claims against her and judgment was given after the court had heard both parties.

According to Akintayo, a landlord has unfiltered legal right to terminate a tenancy upon giving adequate notices.

She added that it is a settled position of law and requirement of the law that a landlord can claim possession of a premise once the required statutory notices have been issued and served on the tenant.

Akintayo ruling said, “The court hereby orders the defendant to vacate the three-bedroom apartment and shop on or before September 12,2025.”