/ Jul 20, 2026
/ Jul 20, 2026

BREAKING: Supreme Court affirms Emefiele assets forfeiture worth over $2m

Published on

By

Nigeria’s Supreme Court has affirmed the final forfeiture of several properties and more than $2 million linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The apex court dismissed Emefiele’s appeal, effectively upholding the judgment of the Court of Appeal and the earlier Federal High Court order granting the Economic and Financial Crimes Commission (EFCC) final forfeiture of the assets.

The forfeited assets include multiple properties and funds totalling over $2 million, which the EFCC argued were proceeds of unlawful activities.

The Supreme Court’s decision brings to an end Emefiele’s legal challenge against the forfeiture order, reinforcing the anti-graft agency’s authority to permanently seize assets found to be linked to illicit activities under Nigeria’s asset recovery laws.

Emefiele, who served as CBN governor from 2014 until his suspension in June 2023, is currently facing multiple criminal charges brought by the EFCC relating to alleged abuse of office, procurement fraud and other financial crimes. He has pleaded not guilty to the charges, which remain before the courts.

The Supreme Court’s ruling means the forfeited properties and funds will remain in the custody of the Federal Government.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Newly graduated Ogun Amotekun Corps operatives parade during their passing-out ceremony at the International Stadium in Sagamu.

Ogun graduates 1,000 Amotekun Operatives to boost community security

The Ogun State Government has graduated 1,000 members of the Ogun State Security Network Agency, popularly known as Amotekun, to strengthen security across communities and enhance grassroots policing.   The operatives completed their training and passed out during a ceremony held at the International Stadium in Sagamu on Monday. Representing Governor Dapo Abiodun, the state’s Head of Service, Sala Olanrewaju, described the graduation as a significant step in the government’s drive to keep Ogun among the safest states for residents, businesses and investors. He said security remains the foundation of sustainable development, noting that Amotekun has continued to complement conventional security agencies by protecting lives and property while boosting community policing and public confidence. Olanrewaju urged the newly graduated Batch F operatives to remain vigilant against emerging security threats, embrace intelligence gathering and work closely with other security agencies, traditional rulers, community leaders and youth groups to improve grassroots security. He also charged the officers to carry out their duties with discipline, integrity, fairness and respect for the rule of law, stressing that they must build trust within the communities they serve. The governor reaffirmed his administration’s commitment to strengthening the agency through continuous training, improved welfare and the provision of modern equipment to enhance operational effectiveness. He also called on residents to support security agencies by providing timely and credible information to help prevent crime and maintain peace. Speaking at the event, Amotekun Corps Commander Alade Adedigba said the officers had undergone rigorous training designed to prepare them for effective service. He commended the Ogun State Government for its commitment to building a disciplined and service-oriented corps to improve security, particularly at the grassroots.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.