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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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Edo Assembly Declares Okpebholo’s Projects Unprecedented

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The Edo State House of Assembly has described projects embarked upon by Governor Monday Okpebholo as unprecedented in the history of Edo State.

Deputy Speaker of the House, Hon. Atu Osamwonyi, made the assertion when he led members of the legislature on a comprehensive oversight inspection of several ongoing infrastructural projects.

Other lawmakers on the oversight team included Hon. Addeh Isibor, Hon. Yekini Idaiye, and Hon. Ugabi Kingsley.

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Hon. Osamwonyi, who spoke during an assessment tour of the Sapele Road Flyover, said the lawmakers were in the field to verify the progress of work and ensure that funds appropriated by the Assembly were being judiciously utilised.

According to him, the flyover represents a milestone for Benin City and reflects the governor’s commitment to infrastructural renewal.

READ ALSO:MOWAA: Why I Will Not Appear Before Edo Assembly Panel — Obaseki

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He emphasised that unlike past administrations where funds were approved with no tangible results, the Okpebholo-led government had demonstrated transparency and visible delivery.

“In my entire life in Edo State, this flyover project is the first of its kind. We are here physically, and work is ongoing,” he said.

The Deputy Speaker added that the Assembly had earlier inspected the Ramat Park Flyover on Monday, noting similar levels of progress.

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This is the fifth site we have visited since yesterday. We are impressed with what we have seen so far, and as a House, we will stand by the governor to ensure he finishes strong,” he said.

At Ogheghe, Old Sapele Road and Ekae Road—where a 14-kilometre road and concrete drainage network is underway—Hon. Osamwonyi described the construction efforts as unprecedented, expressing astonishment at the level of work done within a short period.

READ ALSO:Okpebholo’s One Year Performance Outshines Some governors’ 8 Yrs, Says Idahosa

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He insisted that the legislature does not play politics with accountability and would speak the truth at all times.

If Governor Okpebholo was not doing well, we would say it. But I stand here today to affirm that the funds appropriated are being used judiciously for the benefit of the people.l”, he noted.

He further remarked that despite limited financial resources, the governor had delivered projects many believed were impossible.

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The Deputy Speaker recalled that several communities, particularly in Ogheghe, previously suffered from severe road degradation that made access impossible, even for motorcycles.

But today we are standing here with joy. The governor has brought democracy to Edo in a way the people can feel,” he said.

READ ALSO:Edo Assembly Declines To Confirm Ex-lawmaker As commissioner Over DSS Petition

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According to him, contractors handling the projects confirmed that although the initial timeline was two years, work would likely be completed within one year and six months due to the speed of implementation.

“That tells you that Governor Okpebholo is not eating Edo people’s money,” he added.

Hon. Osamwonyi stressed that the Assembly would resist any attempt to derail the governor’s momentum.

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This is the continuity we want in Edo State. Anybody who wants to thwart the governor’s efforts, we will not agree,” he said.

The oversight team also visited the 5.86-kilometre road project linking Amagba and Obagie-N’Ebvuosa, where the engineer handling the project reported that 4.3 kilometres of drainage had already been completed.

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The inspection revealed rapid progress across multiple sites.

Commissioner for Works, Engr. Felix Akhabue, who accompanied the legislators, said the governor had given strict directives to monitor all contractors and ensure adherence to specifications.

He confirmed that the Ministry of Works had been following the Adesuwa Junction Flyover construction “bumper to bumper.”

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He noted that the House of Assembly’s involvement strengthens accountability.

READ ALSO:Okpebholo, Idahosa Bag UNIBEN Distinguished Service, Leadership Awards

The lawmakers did not just appropriate funds; they want to see how the money is being used.

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“Their presence keeps us on our toes because Edo people are waiting for the completion of these projects,” he said.

Akhabue added that although the flyover was originally scheduled for completion in 24 months, the current pace suggests that delivery would be earlier than projected.

He commended the contractors for adherence to standards and thanked the Assembly for its active oversight role.

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Edo Final-year Student Dies In Sign-out Motorcade Crash

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A yet-to-be-identified final-year student of Ambrose Alli University, Ekpoma, Edo State, has lost his life in a road crash after he and some other students embarked on a motorcade parade to celebrate the completion of their final examinations.

It was learnt on Tuesday from a Facebook user, Inside Edo, that the accident occurred on Monday shortly after the students finished their final examination.

Inside Edo disclosed that the vehicle had attempted to overtake another before losing control and ramming into a truck.

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The post read, “A tragic accident has occurred at Ujoelen, close to the primary school, resulting in the death of a newly graduated student of Ambrose Alli University, Ekpoma.

READ ALSO:Edo Assembly Recalls 324 Employment Letters

“According to eyewitnesses, the crash happened during an attempted overtaking by one of the vehicles involved.

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“The risky manoeuvre reportedly led to a loss of control, causing the fatal incident. Residents who were nearby rushed to the scene, but the victim could not be saved.”

Similarly, the News Agency of Nigeria reported that the students were said to have been driving recklessly before crashing into a stationary truck.

The deceased was said to be part of a convoy made up of fresh graduates of the university.

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READ ALSO:Edo Govt, PDP Biker Over PRESCO’s Statutory Right Of Occupancy

NAN reported, “He was reportedly part of a convoy of fresh graduates who took to the highway on Monday shortly after their signing-out activities.

“Witnesses said the group drove recklessly and failed to observe basic safety rules during the celebrations.

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“The tragedy occurred when the deceased attempted to overtake a moving truck but collided with a stationary vehicle parked along the road.”

READ ALSO:Edo Expresses Commitment To Ease Of Doing Business

Efforts to get the reaction of the Edo State Sector Commander of the Federal Road Safety Corps, Cyril Mathew, proved abortive, as the official number available on the FRSC directory was not reachable at the time of filing this report.

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Meanwhile, NAN reported that Mathew later confirmed the incident, adding that one person died while five others were injured in the crash.

The students, after writing their last paper, took to the road in a convoy.

“In the process, one of them overtook another vehicle and rammed into a stationary truck,” NAN quoted Mathew as saying.

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One Dies In Oyo Fire, Two Rescued

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One person lost her life in a fire incident at Agbaakin Street, behind Testing Ground, Iwo Road, Ibadan, the Oyo State capital, on Monday.

This was contained in a statement by the Chairman of the State Fire Service, Maroof Akinwande, in Ibadan, on Tuesday.

He said the fire resulted from a lighted charcoal cooking pot left unattended, which ignited nearby combustible materials.

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Akinwande added that the firefighting operation was successfully carried out with the support of officers of the Federal Fire Service.

READ ALSO:PHOTOS: Fire Guts Factory In Anambra

The fire emergency was received at exactly 20:18 hours on Monday, December 8, 2025.

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“On getting there, it was two rooms on the upper floor of a private residential building of 12 rooms engulfed by fire.

“One person (female) was recovered, while two persons (males) were rescued alive. The fire also affected only two rooms, and the whole building and other properties worth millions of naira were saved by the officers of the agency.

“The fire incident was a result of a lighted charcoal cooking pot left unattended, which ignited nearby combustible materials. The operation was jointly carried out with the Federal Fire Service, Ibadan Command,” he explained.

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READ ALSO:Fire Ravages Residential Building In Oyo

In a related development, a fire incident on Tuesday engulfed the Agric Business Development Agency at Total Garden in Ibadan.

A statement by the State Fire Service Chairman, Akinwande, said the agency received a telephone call through Mr Akinyinka reporting that fire had ravaged the place.

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The incident was reported at exactly 09:20hrs on Tuesday, December 9, 2025, through a telephone call by Mr Akinyinka (the General Manager, Oyo State Fire Services Agency) to the office, reporting a fire at the above-stated address.

“The officers, led by ACFS Oyeniyi Taofeek, swiftly mobilised and deployed to the scene. Upon arrival, it was discovered that electrical sparks from a solar inverter control board on the upper floor of the building resulted in the fire.

READ ALSO:Oyo: Properties Worth Millions Of Naira Destroyed As Fire Ravages Residential Buildings

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The swift response and professional intervention of our officers prevented the situation from escalating into a fire disaster. The use of portable fire extinguishers was employed during the firefighting operation.

“No casualty was recorded, and properties worth millions of naira were saved by the fire service. The fire incident was a result of electrical sparks from the inverter system,” the statement read.

The chairman, therefore, advised the public to always use correct cables and other electrical materials for their installations.

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