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

Published

1 year ago

June 22, 2024

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.

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.

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.

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.

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.”

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

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.”

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.

“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.”

Related Topics:Court Emefiele Godwin Emefiele

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Nigerian Army Suspends Statutory, Voluntary Retirement For Specific Officers

Published

23 hours ago

December 7, 2025

Editor

The Nigerian Army has announced the indefinite suspension of all statutory and voluntary retirements for specific categories of officers.

According to an internal memo dated 3 December 2025, signed by Major General E. I. Okoro on behalf of the Chief of Army Staff, Lieutenant General Waidi Shaibu, this is in response to the nationwide security emergency declared by President Bola Tinubu.

Okoro explained that the measure is intended to preserve manpower, expertise, and operational readiness while the Armed Forces rapidly expand to tackle the escalating insecurity across Nigeria.

Citing the Harmonised Terms and Conditions of Service for Officers (HTACOS) 2024, the document pointed out that officers normally retire upon reaching the prescribed age for their rank, completing 35 years of service, or after repeated failures in promotion or conversion processes.

However, Paragraph 3.10(e) permits service extensions when it is in the interest of the military.

“Military service of a commissioned officer entails a period of unbroken service in the AFN from the date of enlistment or commissioning to the date of retirement. The period of service is determined by conditions enshrined in the HTACOS Officers 2024. These include attainment of age ceilings on various ranks, 35 years maximum length of service, and other criteria provided in Paragraphs 11.02(d) and 17.15, among extant regulations,” the memo partly read.

“Notwithstanding these provisions, Chapter 3.10(e) of HTACOS Officers 2024 allows for extension of service to officers in the interest of the service.

“The President and Commander-in-Chief declared a nationwide security emergency on November 26, mandating the expansion of the AFN and other security agencies. In line with this, and to rapidly expand manpower, it has become expedient to temporarily suspend all statutory and voluntary retirements from the Nigerian Army with immediate effect.”

According to the memo, the suspension affects Army officers in the following categories: Those who have failed promotion examinations three times, those passed over for promotion three times, those who have reached the age ceiling for their current rank, those who have failed conversion boards three times and those who have completed 35 years of service.

It explained that affected officers who wish to remain in service may apply for an extension beyond their original retirement dates.

However, the memo clarified that: “Officers in these categories who are not interested in extension of service are to continue with the normal retirement procedure. Officers desirous of extension should note that upon extension, they are not eligible for career progression, including promotion, career courses, NA sponsorship, self-sponsored courses, secondment, or extra-regimental appointments.”

Metro

NDLEA Seizes 7.6m Tramadol Pills, 76,273kg Cannabis In Nationwide Raids

Published

24 hours ago

December 7, 2025

Editor

The National Drug Law Enforcement Agency has announced the seizure of more than 7.6 million tramadol pills and 76,273 kilograms of cannabis strains in coordinated operations across several states, with multiple suspects arrested.

According to a statement issued on Sunday by the Agency’s Director of Media and Advocacy, Femi Babafemi, the seizures were made during intelligence-led raids between 1 and 6 December.

In Delta State, operatives recovered 3,874,000 tramadol pills and 252.2 litres of codeine syrup from a warehouse at Oko market, Asaba. In Imo State, 1.2 million tramadol tablets were intercepted from a vehicle driven by 35-year-old Kelechi Nwakocha along the Onitsha-Owerri road.

In Adamawa, officers stopped a Toyota Hiace bus travelling from Jos to Mubi with 1,577,112 capsules of tramadol and exol-5 tablets concealed in jumbo bags mixed with footwear. Two suspects, Kabiru Buba, 25, and Hamza Abubakar, 32, were arrested. Another suspect, Mudansir Rabiu, 27, was apprehended in Kano with 197,000 exol-5 pills.

In Ekiti, NDLEA destroyed 14,654 kilograms of skunk in Omuo forest and 54,300 kilograms in warehouses at Asin-Ekiti, Ikole Local Government Area. Two suspects were arrested in connection with the operations. In Ondo, 5,442 kilograms of skunk were seized in Igoba forest, Akure North, with five suspects taken into custody.

Further arrests were made in Niger State, where 500 kilograms of skunk were recovered from a van along Mokwa-Jebba road, and in Abuja, where 22 kilograms of synthetic cannabis known as Colorado were intercepted at Abaji expressway. A follow-up operation at Jabi park led to the arrest of a female receiver, Ali Blessing, 33. Another suspect, Aliyu Usman, 39, was arrested with 24 kilograms of skunk and 573,500 exol-5 pills along Kwali-Gwagwalada expressway.

In Lagos, 113 kilograms of Canadian Loud were recovered from Ezenwa Udoka at Ladipo market, while Izuchukwu Usulor was arrested with 351 kilograms of skunk in Onipanu. Susan Okoro was also arrested with 104.1 kilograms at Trade Fair complex, Ojo. In Edo, 447.5 kilograms of skunk were seized from two vehicles in Agho forest, Akoko Edo, and 315.8 kilograms were recovered from a warehouse in Isiefve community, Ohuwunde Local Government Area.

The Agency confirmed that sensitisation activities under its War Against Drug Abuse initiative continued during the week in schools, worship centres and communities across Kano, Benue and Rivers States.

Chairman and Chief Executive Officer of NDLEA, Brigadier General Mohamed Buba Marwa (Rtd), commended the officers involved.

“Their operational successes and those of their compatriots across the country, especially their balanced approach to drug supply reduction and drug demand reduction efforts, are well appreciated,” he said.
The Agency stated that investigations are ongoing and suspects will be prosecuted accordingly.