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The Supreme Court restored the final forfeiture of seven properties and $2.045 million linked to former CBN Governor Godwin Emefiele. The apex court overturned the Court of Appeal’s judgment, which had ordered a fresh hearing of the case. The ruling upheld the 2024 Federal High Court decision granting the EFCC’s forfeiture application. The assets will be transferred to the Federal Government in line with the Supreme Court’s judgment. The Supreme Court on Friday reinstated the final forfeiture of seven high-value properties and $2.045m linked to a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government. The apex court set aside an earlier judgment of the Court of Appeal, which had overturned the forfeiture order and directed that the case be heard afresh by the Federal High Court. In a unanimous judgment delivered by Justice Mohammed Idris, the Supreme Court upheld the 2024 decision of Justice Dehinde Dipeolu of the Federal High Court in Lagos. Justice Idris delivered the judgment on behalf of a panel led by Justice Ibrahim Mohammed Musa Saulawa. The Supreme Court held that the Court of Appeal erred when it set aside the final forfeiture order and ordered a fresh hearing of the case. Justice Dipeolu had granted an application by the Economic and Financial Crimes Commission (EFCC) for the final forfeiture of the properties and funds after holding that the anti-graft agency established its case concerning the assets. Dissatisfied with the decision, Emefiele, through his legal team led by Olalekan Ojo, SAN, approached the Court of Appeal. The appellate court, in its 2025 judgment, allowed Emefiele’s appeal, nullified the forfeiture order and directed that proceedings should begin afresh before the lower court. The EFCC subsequently appealed the decision at the Supreme Court. The anti-graft agency was represented at the apex court by a former Attorney-General of the Federation, Chief Kanu Agabi, SAN; the Director of Public Prosecutions of the Federation, Rotimi Oyedepo, SAN; and Abba Mohammed, SAN. Allowing the commission’s appeal, the Supreme Court nullified the judgment of the Court of Appeal and restored the final forfeiture order issued by Justice Dipeolu in its entirety....
Channels Television obtained a copy of the charge sheet which was filed on April 3rd by the EFCC Prosecutor Rotimi Oyedepo (SAN) The Economic and...
Newslens Nigeria reports that Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has ordered that the former Governor of...
Newslens Nigeria reports that a Federal High Court sitting in Abuja, has granted the former Central Bank of Nigeria Governor, Mr Godwin Emefiele, bail. The...
Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), regained his freedom last night and was immediately picked up by operatives of the...
The Presidency on Monday said the Central Bank of Nigeria (CBN) has no reason not to comply with the Supreme Court order on naira redesign on...
The Central Bank of Nigeria, CBN, has said it did not direct banks to collect the old N500 and N1000. Director, Corporate Communication, Mr. Osita Nwanisobi...
President Muhammadu Buhari has directed all heads of agencies, departments, parastatals and ambassadors with political ambitions to turn in their resignations. The President in a...