Court orders forfeiture of $2m, properties linked to Emefiele - Newstrends
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Court orders forfeiture of $2m, properties linked to Emefiele

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Godwin Emefiele in court

Court orders forfeiture of $2m, properties linked to Emefiele

Justice Akintayo Aluko of a Lagos Federal High Court, has ordered interim forfeiture of cash sum of $2, 045, million USD, linked to the embattled former governor of the Central Bank of Nigeria, Mr. Godwin Ifeanyi Emefiele.

The judge also ordered interim forfeiture of the seven landed properties linked to the suspended CBN Governor.

The lands are listed as follows: “two fully detached duplex of identical structures, lying being and situate at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 LYING, being and situate at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow lying, being and situate at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos; four bedroom duplex lying, being and situate at 12a Probyn Road, Ikoyi; Industrial complex under construction on a 22-plot of land, lying, being and situate in Agbor, Delta State; 8 units of undetached apartment on a plot measuring 2457.60sqm OF lying, being and situate at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm lying, being and situate at 2a Bank Road, Ikoyi, Lagos.

Justice Aluko further ordered the interim forfeiture of 2 shares shares certificates of Queensdorf Global Fund Limited trust.

The judge made the interim forfeiture orders after taken application for the orders in a suit marked FHC/L/MISC/500/24, which was filed moved and moved by the Economic and Financial Crimes Commission (EFCC) lawyer, Mr. Rotimi Oyedepo (SAN), who led Chineye C. Okezie and Zeenat Atiku Bala.

The EFCC lawyer,  in urging the court, said the money and others items sought to be forfeited are reasonably suspected to be proceeds of unlawful activities.

Oyedepo also added that the orders sought for are pursuant to Section 17 of the advance fee fraud and Other Fraud Related Offences Act No. 14, 2006, Section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria and the court’s inherent jurisdiction.

Oyedepo (SAN) also informed the court that the motion ex parte is supported with an affidavit deposed to by one Idi Musa, an Investigator attached to the Lagos office of the EFCC.

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Parts of the deponent’s averments in the affidavit reads: “that I am one of the operatives of the Economic and Financial Crimes Commission assigned to investigate the damning intelligence report received by the Economic And Financial Crimes Commission in respect of monumental fraudulent activities perpetrated by some senior officers of the Central Bank of Nigeria through which huge sums of money were fraudulently converted and transferred for personal use.

“That the Commission whilst investigating the alleged monumental fraud carried out by the immediate past Governor of the Central Bank of Nigeria (CBN) and his Cronies traced and discovered several properties reasonably suspected to have been acquired and or developed with proceeds of unlawful activities.

“That the said properties particularized in Schedules ‘A’ and ‘B’ herein, having been reasonably suspected to have been acquired/ developed with proceeds of unlawful activities are now sought to be forfeited to the federal Government of Nigeria in the interim.

“That in the cause of this investigation, it was revealed that the erstwhile CBN governor negotiates kickbacks in return for allocation of Foreign Exchange to some companies who were in desperate need of foreign exchange for their lawful and legitimate businesses.

“That most of the proceeds of Godwin Emefiele’s illegal activities were invested in the acquisition of various properties now sought to be forfeited to the Federal Government of Nigeria. And that the properties now sought to be forfeited were not acquired with proceeds of any legitimate earnings rather from funds reasonably suspected to have been derived from proceeds of unlawful activities.

“That from findings of our investigation, I also know as a fact and verily believe that the properties sought to be forfeited were acquired in the name of cooperate entities with a view to concealing the unlawful origin of the funds used for their acquisition. And that the title document in respect of the properties listed in schedule A herein were recovered by the team in the course of this investigation.

Justice Aluko after listening to Oyedepo submission, reading through all the processes filed and the plethora of legal authorities cited, granted the interim forfeiture of the money, the share certificates and the landed properties.

The judge also directed the EFCC to publish the interim forfeiture order in a national newspaper to enable any anyone who is interested in the properties to appear before the Court and show cause within 14 days, why the final order of forfeiture of the said properties should not be made in favour of the Federal Government of Nigeria.

Further hearing of the matter was adjourned to September 5.

Court orders forfeiture of $2m, properties linked to Emefiele

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Insurgents Acquire 35 Drones as ISWAP Shifts to Aerial Attacks

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commercial drone

Insurgents Acquire 35 Drones as ISWAP Shifts to Aerial Attacks

The Islamic State West Africa Province (ISWAP) has reportedly acquired about 35 commercial drones, marking a dangerous escalation in insurgent tactics and raising fresh security concerns for Nigeria’s military operations in the north-east and north-west regions.

Security assessments indicate that the drones are largely First-Person View (FPV) quadcopters, a low-cost but highly effective technology increasingly used by non-state armed groups globally. Unlike conventional surveillance drones, FPV systems allow operators to guide drones in real time using video goggles, enabling precise navigation and target selection on the battlefield.

The reported acquisition comes months after air and drone strikes ordered by Donald Trump targeted insurgent positions in Sokoto State on Christmas Day 2025. Although those strikes were intended as a deterrent to militant groups operating along the Nigeria–Niger border, security analysts say insurgents have instead adapted by investing in mobile, hard-to-detect aerial platforms.

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While insurgent groups in Nigeria have previously relied on drones mainly for intelligence gathering and surveillance, recent developments suggest ISWAP is preparing for offensive drone operations. Security experts warn that FPV drones can be modified to carry small explosive payloads and directed to detonate on impact, allowing militants to strike military assets, personnel, and defensive positions with greater accuracy.

Analysts say the use of such drones could enable repeated and sustained attacks on military formations rather than isolated raids. The availability of multiple drones also raises the risk of coordinated or swarm-style attacks, which could overwhelm troops and complicate traditional defensive measures.

Both ISWAP and Boko Haram have increasingly deployed drones alongside ground fighters during assaults on Forward Operating Bases and remote outposts, some of which have resulted in significant losses for government forces. Observers note that this tactical shift mirrors trends seen in the Ukraine war, where low-cost FPV drones have transformed modern combat by neutralising conventional military advantages.

Security commentators argue that Nigeria must urgently strengthen its counter-drone capabilities to maintain battlefield superiority. Recommended measures include greater investment in electronic warfare and signal-jamming systems, enhanced intelligence gathering, improved air-defence coverage for military bases, and expanded deployment of locally developed drone technologies.

Experts also stress the importance of tighter border controls and regional cooperation to disrupt the flow of drone components and technical expertise. They warn that failure to adapt quickly to the emerging drone-enabled insurgency could prolong insecurity across Nigeria’s conflict-affected regions and further strain military resources.

Insurgents Acquire 35 Drones as ISWAP Shifts to Aerial Attacks

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Seven Killed in Horrific Crash at Ota Toll Gate

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Seven Killed in Horrific Crash at Ota Toll Gate

– Brake Failure Suspected as Governor Orders Immediate Probe

Tragedy struck on Tuesday morning as seven persons lost their lives and two others sustained injuries in a multiple-vehicle crash at the busy Ota Toll Gate along the Lagos–Abeokuta Expressway.

The fatal collision, which occurred during peak traffic hours, reportedly involved a fully loaded trailer suspected to have suffered brake failure before ramming into smaller vehicles, including a commercial tricycle and a mini-bus. Eyewitness accounts described scenes of panic as the out-of-control truck ploughed into vehicles waiting near the toll gate.

Emergency responders from the Ogun State Traffic Compliance and Enforcement Corps (TRACE), Federal Road Safety Corps (FRSC), and the Nigeria Police swiftly arrived at the scene to rescue victims and clear the wreckage.

The injured victims were rushed to nearby hospitals for medical attention, while the remains of the deceased were deposited at a state mortuary.

“The truck was speeding and suddenly lost control. People were shouting and running for safety,” an eyewitness told reporters at the scene.

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In a statement issued hours after the incident, Ogun State Governor, Dapo Abiodun, expressed deep sorrow over the loss of lives and ordered a comprehensive investigation into the cause of the crash. He condemned reckless driving and poor vehicle maintenance, particularly among heavy-duty truck operators.

“This avoidable tragedy underscores the urgent need for strict adherence to traffic regulations and proper vehicle maintenance,” the governor stated.

Motorists experienced heavy gridlock along the expressway as officials worked for several hours to restore normal traffic flow. Authorities have reiterated calls for drivers to exercise caution and ensure their vehicles are roadworthy before embarking on journeys.

The Lagos–Abeokuta corridor, especially around Sango–Ota, has witnessed repeated fatal accidents over the years, raising concerns among residents and commuters about road safety enforcement and infrastructure conditions.

Investigations into the exact cause of Tuesday’s crash are ongoing.

Seven Killed in Horrific Crash at Ota Toll Gate

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Lagos Woman Shares Ordeal After Alleged Rape, Sparks Nationwide Outcry

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TikToker and aesthetic vendor, Mirabel
TikToker and aesthetic vendor, Mirabel

Lagos Woman Shares Ordeal After Alleged Rape, Sparks Nationwide Outcry

A young woman identified as Mirabel has shared a harrowing account of a near-death experience following an alleged rape attack in her apartment in Lagos, triggering widespread outrage and calls for justice.

In a video posted on TikTok under the handle @mirab351, Mirabel said the incident occurred on Sunday morning after she opened her door, believing it was a neighbour. According to her account, she was overpowered and lost consciousness during the attack.

She later said she regained awareness to find an intruder assaulting her. The assailant allegedly left her injured before fleeing. Mirabel explained that she initially thought the bleeding she noticed afterward was menstrual, until she received disturbing messages from a man she identified as the suspect.

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Screenshots shared by the victim show the suspect boasting about the attack and making threats intended to discourage her from seeking justice. The messages, which have circulated widely online, have drawn strong condemnation from the public.

In a follow-up video, Mirabel appeared visibly distressed and disclosed that she attempted to harm herself afterward but was rushed to hospital by a friend and survived. She thanked those who reached out in support and said she needed time to recover before engaging further.

The case has sparked an outpouring of sympathy from Nigerians across social media, with many demanding the immediate arrest and prosecution of the suspect and renewed action against sexual violence. Advocacy groups and citizens are urging law enforcement to ensure accountability and protect survivors.

Mirabel’s story has reignited conversations about women’s safety, survivor support, and the need for swift justice in Nigeria.

If you or someone you know is in danger or struggling after an assault, please seek immediate help from trusted people or local emergency services.

Lagos Woman Shares Ordeal After Alleged Rape, Sparks Nationwide Outcry

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