The Economic and Financial Crimes Commission (EFCC) has announced the recovery of a substantial Abuja property valued at N2.2 billion, allegedly linked to former Central Bank of Nigeria Governor Godwin Emefiele.
Court documents reveal the property, spanning 150,500 square metres in Lokogoma District, comprises 753 duplexes and apartments, marking the anti-graft agency’s largest single recovery since its 2003 establishment.
Key details of the investigation include:
- Property recovered following December 2, 2024 court ruling
- Located in Cadastral Zone C09, Plot 109
- Allegedly acquired through kickback schemes and illegal fund transfers
- Purchased using three separate companies linked to Emefiele
The EFCC alleges Emefiele engaged in “monumental fraud” by negotiating kickbacks in foreign exchange allocations and receiving illicit payments from contractors during his tenure.
Currently facing three separate prosecutions, Emefiele is charged with multiple offenses including procurement fraud, signature forgery, and financial misconduct involving billions of naira.
The property, originally intended for mass housing development, was discovered abandoned with only a single guard present since June 2023, following Emefiele’s initial arrest.
The agency utilized geographical information systems to locate the property and recovered related documents from an associate’s office.
The court has permanently forfeited the property to the Federal Government after no challenges were mounted against the EFCC’s claims.
EFCC spokesman Dele Oyewale defended the agency’s handling of the investigation, emphasizing legal protocols preventing premature disclosure of suspects’ identities.
The investigation remains ongoing, with potential additional revelations anticipated.
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