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Court Orders Final Forfeiture Of Over N12.18bn Properties Linked To Emefiele

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The Federal High Court sitting in Lagos on Friday ordered the final forfeiture to the Federal Government properties valued at over N11.14bn and another N1.04 billion linked to the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.

Justice Chukwujekwu Aneke made the order of permanent forfeiture after hearing an application filed and argued by the Economic and Financial Crimes Commission (EFCC), through its counsel Chineye Okezie.

On June 5, 2024, The judge had upheld the anti-graft agency’s motion filed and argued by its counsel, Senior Advocate of Nigeria, Mr. Rotimi Oyedepo for a temporary forfeiture of the properties.

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Oyedepo informed the court that Emefiele was suspected of having bought the choice properties by proxy, with the proceeds of fraud.

The EFCC named two current and one former CBN staff as Emefiele’s accomplices in the alleged fraud.

READ ALSO: Court Orders Forfeiture of N11.14bn Property Linked To Emefiele

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The trio, according to the affidavit filed in support of the application, are Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde a former CBN staff and others.

The properties are mostly located in highbrow parts of the Federal Capital Territory (FCT), Abuja.

Justice Aneke ordered the EFCC to publish the order for interim forfeiture in a national newspaper for any interested party to show cause why the final order of forfeiture should not be made.

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The judge then adjourned for a hearing of the application for final forfeiture.

Upon resumption on June 21, no party appeared in court to contest the judge’s interim order and Chineye Okezie moved her application for the permanent forfeiture.

READ ALSO: Fubara Sacks Rivers Traditional Council Chairman, Makes Replacement

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After reading a 41-paragraph affidavit deposed to by an EFCC Investigating Officer, Michael John Idoko, the 19 Exhibits attached, a Written Address signed by Okezie, and after hearing Okezie’s motion, Justice Aneke granted the application.

The properties were listed by the EFCC in two schedules, A and B.

The judge said: “Having carefully considered the application and submission of counsel, it is hereby ordered as follows: – that a final forfeiture order of this honourable court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule A herein which were traced and reasonably suspected to have been acquired with proceeds of unlawful activities.”

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They include shops and apartments at Cadastral Zone Maitama and Wuse.

READ ALSO: Two Suspects Arrested For Stealing Car From Mosque During Juma’at Prayer

For Schedule B, Justice Aneke added: “That a final forfeiture order of this Honourable Court is hereby made forfeiting to the Federal Government of Nigeria, properties contained in Schedule B herein which properties were traced to have been acquired with proceeds of unlawful activities.”

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The properties include lands and apartments which were paid for on behalf of Oluwaseun at a total value of N1.04 billion.

According to the affidavit, Obayemi Oluwaseun Teben and Akomolafe Adebayo working with Olubunmi Makinde “used their positions and Influence as CBN staff to secure retail and Special allocation of Foreign Exchange to different companies in exchange for kickbacks.

“That Olubunmi Makinde is the link between Obayemi Oluwaseun Teben and Akomolafe Adebayo and the various companies applying for the purchase of foreign exchange.

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“That Obayemi Oluwaseun Teben and Akomolafe Adebayo as staffs of the Central Bank of Nigeria has access to the bidding processes and bidding Data of companies who has applied for the approval of form Ms to the CBN through their various commercial banks.”

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18-year-old OAU Medical Student Dies While Sleeping

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The management of Obafemi Awolowo University, OAU, Ile-Ife, has announced the death of an 18-year-old part-three medical student of the institution.

The student, identified as Timilehin Adetoye Toromade, was a student of the College of Health Sciences, Department of Medicine and Surgery.

According to a statement by the institution’s Public Relations Officer, Abiodun Olarewaju, Timilehin with matriculation number CLI/2022/133, reportedly died in his sleep in the early hours of Tuesday, January 6, 2026.

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The statement revealed that the “university received the news of the student’s passing with shock and deep sorrow”.

READ ALSO:OAU Student Electrocuted While Retrieving Ball

It also described the incident as devastating to the academic community.

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According to the statement, “preliminary information suggested that the student might have died shortly after 2 a.m., as one of his roommates reportedly said the deceased opened the door for another student around that time.

“The Vice-Chancellor of the university, Professor Adebayo Simeon Bamire, expressed condolences on behalf of the Visitor, the University Council, Management, Senate, staff and students”.

The VC, Professor Bamire, described the incident as a painful loss, saying, “The loss of a young life filled with promise, purpose, and potential is a tragedy that words alone cannot adequately capture.”

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READ ALSO:No ID Cards, No Exams, OAU Students Ground Campus In Protest

He added that the university community was united in grief over the passing of a student who had embraced the rigours of medical training with the aim of serving humanity.

According to him, the death had left a void among the student’s peers and all those who knew him within the university community.

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The university management stated that it was working closely with relevant authorities to fully understand the circumstances surrounding the incident, in line with established medical and administrative procedures.

It also disclosed that appropriate support measures were being put in place to assist students and members of the university community who may have been emotionally affected by the loss.

The management called on students, staff, alumni and friends of the institution to remain calm and compassionate, while extending sympathy to the family of the deceased.

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Panic As BRT Bus Catches Fire On Third Mainland Bridge

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Panic gripped motorists on Tuesday afternoon following a fire outbreak involving a Bus Rapid Transit, BRT, vehicle on the Third Mainland Bridge, leading to massive traffic disruption.

The incident occurred around 1:00 p.m. near the Adekunle section of the bridge, heading towards Iyana Oworo.

The Lagos State Traffic Management Authority, LASTMA, confirmed the development in a statement posted on its official X handle.

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According to the agency, the high-capacity BRT bus suddenly went up in flames, prompting anxiety among road users in the area.

READ ALSO:Police Detain Officers Over Alleged N3.3m Extortion From Lagos Couple

Footage shared online showed the bus completely consumed by fire, with thick plumes of smoke rising into the sky as motorists slowed down or sought alternative routes to avoid the scene.

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While no injuries or loss of life were reported, the incident caused a heavy traffic buildup extending from Adekunle towards Iyana Oworo.

A high-capacity bus is currently on fire on the Third Mainland Bridge by Adekunle, inward Iyana Oworo, and this is impacting traffic flow,” LASTMA stated.

Our personnel are on ground managing traffic, while efforts are ongoing to extinguish the fire,” the agency added.

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READ ALSO:Lagos Govt Begins Clearance Of Illegal Structures Along Lagos-Badagry Expressway

Subsequent updates indicated that officials of the Lagos State Fire and Rescue Service arrived at the scene and worked to control the blaze to prevent further damage.

Traffic officers were also deployed to redirect vehicles away from the affected area as emergency responders tackled the situation.

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As of the time this report was filed, the cause of the fire had yet to be determined.

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Kwara Vigilante Men Arrested By Soldiers In Edo State Released

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Six Kwara State vigilante men arrested by the Nigerian Army on December 31,2025, along Auchi-Ikpeshi highway in Akoko-Edo Local Government Area of Edo State, have been released after a thorough investigation by the authorities.

Spokesperson of the state police command, SP Adetoun Ejire Adeyemi, confirmed the development in a statement in Ilorin on Tuesday.

The statement read in part; “The Kwara State Police Command wishes to confirm that on Wednesday, 31st December, 2025, it received six vigilante members who were earlier arrested by personnel of the Nigerian Army along the Auchi–Ikpeshi Road in Akoko-Edo Local Government Area of Edo State.

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READ ALSO:Edo: Suspected Kidnappers Kill Victim, Hold On To Elder Brother

The Vigilantes, travelling in a vehicle belonging to Ifelodun Local Government Area of Kwara State, were formally handed over to the Kwara State Police Command by the Brigade Commander, 22 Armoured Brigade, Sobi Barracks, Ilorin, Brigadier General N.N. Rume, for the purpose of investigation and profiling.

“Following a thorough investigation, it was established that the individuals are legitimate members of a vigilante group operating in collaboration with recognised security agencies in the ongoing efforts to combat banditry and other forms of criminality.

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READ ALSO:Armed Robbers Shot PoS Operator To Death In Edo

Consequently, having been exonerated of any criminal wrongdoing, the vigilante members were released to their respective leaders,” the statement added.

The Kwara State Commissioner of Police, Ojo Adekimi, reiterated the command’s commitment to synergy among security agencies and community-based security outfits, while urging all groups to continually operate within the confines of the law.

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He assured members of the public that the command remains steadfast in its resolve to ensure the safety and security of all residents of the state.

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