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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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PHOTOS: Borno Woman Recovers N23m Gold Buried During Boko Haram Escape

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The Borno State Police Command has helped a woman residing in the Mallam Fatori area recover gold worth ₦23.6 million that she buried in sand while escaping a Boko Haram attack 15 years ago.

The unearthed gold
In a statement on Monday, the Public Relations Officer of the command, ASP Nahum Daso, said the state police commissioner, Naziru Abdulmajid, commended the Divisional Police Officer of Mallam Fatori and his team for their exemplary professionalism and integrity.

It read, “The Commissioner of Police, Borno State Police Command, CP Naziru Abdulmajid, PSC, commended the Divisional Police Officer of Mallam Fatori Division and his team for their exemplary professionalism and integrity in recovering valuable property belonging to a female resident of the community.

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“The woman, who fled Mallam Fatori during a Boko Haram attack 15 years ago, recently returned and sought police assistance to retrieve items she had buried in the sand while escaping the incident,” he noted.

 

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Daso said that through diligent and coordinated efforts, the officers successfully recovered “22 cc of gold valued at approximately ₦20 million, as well as a gold bracelet with chain worth ₦3.6 million.”

He further stated that the Commissioner praised the officers for their honesty, dedication, and service, noting that their actions reflect the core values of the Nigeria Police Force and further strengthen public confidence in law enforcement.

CP Naziru Abdulmajid reaffirmed the Command’s commitment to safeguarding lives and property, urging residents to continue supporting and cooperating with the police for enhanced security across the state,” Daso added.

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Osun Monarch’s Burial Rites Turn Bloody

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Controversies over the burial rites for the 30th Owa of Igbajo, Oba Adegboyega Famodun, turned bloody on Monday as people opposed to observance of passage rites for him clashed with those that wanted honour befitting a royal father for the deceased.

In the fracas that occurred inside Iloro Market in Igbajo, on Monday, one man identified simply as Ifa was injured, while two other people reportedly sustained bruises.

The state Governor, Ademola Adeleke, had on Monday imposed a 24-hour curfew on Igbajo, amid protest, over Famodun’s death.

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According to The PUNCH, a statement signed by Prince Adekunle Famodun on behalf of the family said Famodun “passed away on Friday, November 28, 2025, after a brief illness,” at the age of 67.

“As you may recall, Oba Adegboyega Famodun was installed and presented with the staff of office on November 24, 2022, by the former Governor of Osun State, Alhaji Adegboyega Oyetola.

READ ALSO:Osun Assembly, Senator Clash Over Arrest, Police Sealing Of Amotekun Base

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“Although his position was disputed by a white paper issued by Governor Ademola Adeleke, the Osun State High Court reinstated him on January 30, 2025,” the statement read partly.

Before his appointment and installation as monarch, Oba Famodun had served as the Osun State chairman of the All Progressives Congress.

The PUNCH also reported on March 12, 2024, that Osun State Government approved the appointment of Prince Ademola Makinde as the new Owa of Igbajo, replacing Famodun.

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But violent clashes erupted in the town when those believed to be loyal to late Famodun demanded that Iloro Market be shut in his honour.

But those opposed to the move, reportedly resisted the attempt to force some traders that opened for business to close shop.

In some of the video footages of the protest shared by a Facebook user, Taiwo Olaore, on Monday, unrest was observed in a market place, with some people demanding that the traders that opened for business, should shut down, as a mark of respect for the deceased.

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READ ALSO:Court Extends Freezing Order On Osun LGs’ Bank Accounts

Also, in the video, some women in white attire, bearing leave, rebuked the traders that opened for business and asked them to immediately close, and mourn the late Famodun.

Speaking further on the crises, a resident of Igbajo, who spoke on condition of anonymity because he was not authorised to comment on the matter, said “they wanted to do burial rite for Oba Famodun but another set of people insisted that the late monarch was a prince and not a king.

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In order to perform the rite, the Iloro market must be shut for three market days.

It was in the process of closing the market that the group opposed to the move mobilised to the market and insisted that they must close it.

READ ALSO:Tension In Osun Council As Ataoja, Oluwo Battle For Seniority

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Three people were injured during the clash that occurred at the market. One of them is known as Ifa. His pictures with blood stained clothes circulated on the social media. The market was later shut,” he said.

Asked if the burial rites were being observed despite the curfew imposed by the State Governor, Ademola Adeleke, he said “The burial rites are ongoing. Although people didn’t come out after the governor declared a curfew but those performing the rites carried on with their duties alongside supporters of the late monarch.”

He also said there was massive deployment of security personnel to the town to prevent breakdown of law and order.

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Contacted for update on the security situation in Igbajo, the state Police Public Relations Officer, Abiodun Ojelabi, said one person was injured in the fracas that occurred in the town early on Monday, noting that normalcy has returned to the community.

“Our personnel are on the ground, but as of this morning when I communicated, no arrest has been made. Igbajo community is now peaceful. One person got injured during the clash,” Ojelabi said.

 

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Kwara Traditional Ruler Kidnapped On His Farm

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Gunmen have reportedly abducted a traditional ruler in Bayagan community in the Ifelodun Local Government Area of Kwara State, Ojibara of Bayagan Oba Kamilu Salami, on Saturday.

It was gathered that the traditional ruler was kidnapped Saturday morning on his farm, while details of the incident were still sketchy.

READ ALSO:JUST IN: Again, Terrorists Storm Kwara Community, Kidnap Pregnant Woman, 10 Children, Others

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Eyewitness disclosed that the attack happened suddenly and left the community in apprehension and confusion. Meanwhile, the incident had triggered fresh concerns over cases of insecurity across the country.

The Kwara State Police command was yet to confirm the incident as at when filing this report.

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