Emefiele Used Associates To Acquire Properties In Lagos, Delta, Ogun, Abuja – EFCC Investigator
An EFCC investigator said associates bought assets for Godwin Emefiele, including 94 apartments and a 750-house estate, as corruption trial testimony continued.
- On Thursday, EFCC investigator Alvan Gurumnaan testified at the Federal High Court that former CBN Governor Godwin Emefiele allegedly created a corrupt system to extort foreign exchange seekers while in office.
- Emefiele relied on front men including staff member Monday Osazuwa, who admitted receiving about $17 million from a company, and lawyer Ifeanyi Omeke to collect kickbacks from businesses seeking forex access.
- Gurumnaan listed numerous properties linked to Emefiele, including an 11-storey building in The Ikoyi comprising about 94 flats, twin duplexes in Lekki Phase, and an estate of approximately 750 houses in The Lokogoma district of Abuja.
- Judge Rahman Oshodi overruled an objection from defense lawyers Ojo Olalekan and Kazeem Gbadamosi, who argued the testimony about properties was irrelevant to the charges before the court.
- Emefiele faces 19 charges involving transactions valued at $4.5 billion and corrupt demands, while co-defendant Henry Omoile faces 3 counts related to unlawful acceptance of gifts.
21 Articles
21 Articles
Nigeria: How Emefiele Allegedly Acquired Multi-Billion-Naira Properties Through Proxies
The former CBN governor allegedly used his position to create a system that made it difficult for businesses and ordinary Nigerians to access foreign exchange, forcing some applicants to resort to special arrangements.
Emefiele acquired properties through proxies, EFCC tells court
An EFCC investigator has told the court that former CBN Governor Godwin Emefiele allegedly used proxies to acquire multi-billion-naira properties while in Read More: https://punchng.com/emefiele-acquired-properties-through-proxies-efcc-tells-court/
How Emefiele allegedly acquired multi-billion-naira properties through proxies
The former CBN governor allegedly used his position to create a system that made it difficult for businesses and ordinary Nigerians to access foreign exchange, forcing some applicants to resort to special arrangements.
Godwin Emefiele: EFCC Investigator Says Ex-CBN Governor Used Proxies to Acquire Billions in Properties Across Lagos, Delta, Ogun and Abuja
An investigator with the Economic and Financial Crimes Commission (EFCC), Alvan Gurumnaan, has told a Lagos court that Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN), used associates, including a lawyer, to acquire multi-billion-naira properties while he was in office. The testimony was given on Thursday, November 12, 2026, at the Lagos […]
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