News
JUST IN: Court Orders Final Forfeiture Of $2.04m, Properties Linked To Emefiele

The Federal High Court sitting in Lagos on Friday ordered the final forfeiture of the sum of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank of Nigeria, Godwin Emefiele.
Justice Deinde Dipeolu ordered the permanent forfeiture of the monies and the two share certificates of Queensdorf Global Fund Limited Trust, after holding that the former CBN governor or any other interested party did not contest same after the initial interim forfeiture.
The court also forfeited the seven choice landed properties on the ground that the former CBN Governor, Emefiele,was not able to connect his lawful earnings from Zenith Bank and the Central Bank of Nigeria (CBN) to the acquisition of the properties.
The court held that the former CBN Governor failed to provide documents or links to show that he owned the properties.
Emefiele had denied any connection between him and the companies in whose names the properties were purchased and the companies had also failed to appear before the court to claim the properties.
READ ALSO: Court Sets Date To Hear Emefiele’s Applications On Forfeited Assests.
The EFCC had listed the companies as; Amrash Ventures Limited, Modern Hotels Limited, Finebury Properties Limited, Fidelity Express Services Limited, H & Y Business Global Limited and SDEM Erectors Nigeria Limited.
Justice Dipeolu held, “the conclusion that can be deduced is that there must be something dark about the acquisition of the properties which Emefiele and the companies does not want to come to light.”
The judge further held “that the interested party has failed to demonstrate any lawful interest in the properties and that they were aquired from his legitimate earnings”.
“I therefore order the final forfeiture to the Federal Government of Nigeria of all those properties…which are reasonably suspected to have been acquired with proceeds of unlawful activities.”
The properties are: two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos and a four-bedroom duplex at 12a Probyn Road, Ikoyi.
Others are an industrial complex under construction on 22 plots of land in Agbor, Delta State; 8 units of an undetached apartment on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.
On August 15, 2024, the court had authorised the EFCC to temporarily take custody of the cash sum of $2.045million, seven choice landed properties and shares linked to Emefiele after hearing an Exparte application filed by lead counsel to the Commission, Rotimi Oyedepo (SAN).
The court’s ruling followed the EFCC’s assertion that the money and other items sought to be forfeited were reasonably suspected to be proceeds of unlawful activities
However, counsel to Emefiele, Olalekan Ojo (SAN), had urged the court to stay proceedings and not grant the final forfeiture of the properties.
News
Bauchi Govt Sanctions 4 Senior Officers For Gross Misconduct
The Bauchi state Civil Service Commission (CSC) has sanctioned four senior officers for gross misconduct in the discharge of their service.
This is contained in a statement made available to newsmen in Bauchi on Friday by Mr Saleh Umar, the Public Relations Officer of the Bauchi state Civil Service Commission.
According to him, the decision, which was made during the Commission’s plenary session, was in its continued effort to sanitise the State’s Civil Service.
He listed the names of the officers that were sanctioned to include; Garba Hussaini, a Director, Education and former Provost, Haruna Umar, a Deputy Director, Administration and Human Resources.
READ ALSO:Bauchi Board Laments Low Teacher Turnouts In Training Exercise
Others included; Umar Yusuf, Chief Executive Officer (Account)- Bursar and Mohammed Usman, Chief Clerical Officer – Cashier, all attached to Bill and Melinda Gate College of Health Sciences Technology in Ningi Local Government Area of the state.
Umar explained that the interdicted officers have been placed on 50 per cent of their salaries with effect from 28th October, 2025 until the end of the full investigation.
“The Commission’s decision was taken to allow further investigation into the allegations laid against the officers.
“The Officers were found guilty of misconduct that contradict Bauchi State Public Service Regulations – 0327 (x) and (xxii) and interdicted under rules 0329 (i), (ii) and (iii) to further distance them from their duty posts for seamless and smooth investigation.
READ ALSO:Bauchi Begins Production Of Exercise Books, Chalks For Schools
“In a light-hearted part, the Commission has promoted 21 officers to their next grades of Deputy Chief Librarian, Assistant Chief Librarians and Principal Librarians to grade levels 15, 14, 13, 12 and 10 respectively.
“Others were Assistant Chief Executive Officer and Chief Confidential Secretary on grade levels 13 and 14,” said Umar.
The Public Relations Officer added that Dr. Ibrahim Muhammad, the Chairman of the Commission, reiterated the Commission’s unwavering commitment to the rules of law under his watch.
He noted that while promising to continue to uphold integrity, transparency and fairness in the commission, the Chairman also expressed dismay over the nonchalant attitude of some Civil Servants not knowing the disciplinary procedures in civil service and its consequences.
“Chairman also called on all workers to be conversant with the do and don’t in carrying out their assignments to avoid unnecessary offense,” he said.
News
Don’t Take Law Into Your Hands – NYSC Warns Corps Members
The National Youth Service Corps (NYSC) has warned all corps members serving their fatherland not to take laws into their own hands during and after their service year.
Mr Umoren Kufre, the Bauchi state Coordinator of NYSC gave the warning during the swearing-in ceremony of the 2025 Batch ‘C’ stream 1 corps members at the state’s NYSC permanent orientation camp, Wailo in Ganjuwa Local Government Area of the state on Friday.
“I urge you to obey all the rules and regulations governing the NYSC. In case you notice any irregularity, do not take the laws into your hands.
READ ALSO:NYSC Deploys 1,900 Corps Members To Bauchi State
“Always ensure that you follow the proper channel of communication to express your grievances.
“Let me assure you again that management will ensure that the basic amenities you need in the camp are provided for you. Your safety and comfort remains our utmost priority,” he said.
Kofre, who explained that a total of 2,050 corps members were posted to the state for the one year compulsory service, said there has not been any serious problem since the commencement of the course and the prospective corps members were participating actively in all camp activities.
He appreciated Gov. Bala Mohammed of Bauchi state for his continuous support to the scheme in the state as well as the complete renovation of Corps Members hostels and the construction of a brand new Multipurpose Hall in the camp.
READ ALSO: PDP NWC Suspends Legal Adviser, Anyanwu, Others Amid Convention Crisis
The NYSC boss, however, called on the governor to help them rebuild the part of the camp perimeter fence that collapsed about a year ago.
Declaring the orientation camp exercises open, Gov. Bala Mohammed urged the corp members to take the lead and advocate for national development and transformation.
Represented by Mr Mohammed Umar, the State’s Head of Service, Mohammed called on them to take the noble call with utmost seriousness and commit themselves to achieving the scheme’s objectives of national unity and development.
While administering the oath of allegiance, Justice Rabi Umar, the Chief Judge of the state who was represented by Abdullahi Yau, Deputy Registrar, High Court of Justice, charged the corps members to maintain law and order towards the peaceful orientation exercises
News
17 Nigerian States Implementing CPS As PenCom Assets Rise To Over N26trn
The National Pension Commission hassaid only 17 Nigerian states are currently implementing the Contributory Pension Scheme as its assets rose to over N26 trillion in September 2025.
Ms Omolola Oloworaran disclosed this during an event in Benin, Edo State.
Oloworaran, who was represented by the Commission’s Inspectorate Commissioner, Chief Samuel Chigozie Uwandu, stressed that CPS plays a vital role in national economic development.
READ ALSO:Christian Genocide: Back Nigeria CPC Redesignation With Action, Nigerian Bishop Begs Trump
According to her, CPS has evolved beyond a retirement policy and has become a symbol of a national shift towards financial discipline and long-term planning.
Nigerian Newspapers: 10 things you need to know Friday morning
Oloworaran noted that the scheme illustrates “a decisive break from past dependencies on state-provided old-age financial security to a new culture of retirement savings and forward planning.
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“A contract between the worker and the employer, with the assurance that a lifetime of labour would be rewarded with financial security in old age.”
“Seventeen states out of the 36 states in the country are currently implementing the Contributory Pension Scheme. Twelve states have not started at all, while seven states are at various stages of establishing their pension bureaux.”
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