News
Emefiele: Court orders forfeiture of another $1.7m
Emefiele: Court orders forfeiture of another $1.7m
A Federal High Court, sitting today May 29, at Ikoyi, Lagos has again ordered an interim forfeiture of the sum of $1, 426, 175.14 million, linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
This is to allow anyone interested in the money being sought to be forfeited to appear before the Court within 14 days and show cause why the final order of forfeiture of the said sum should not be made in favor of the federal government of Nigeria.
It would be recalled that Justice Yellim Bogoro had earlier ordered an interim forfeiture of the sums of $4,719,054 million USD, N830,875,611 million, and several properties linked to the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Justice Bogoro had made the order following an ex-parte argued by the Economic and Financial Crimes Commission (EFCC) counsel, Bilkisu Buhari and C.C Chineye.
Justice Faji, however, made the above orders, while granting an ex-parte motion marked FHC/L/CS/232/2024, moved by the lawyer to the Economic and Financial Crimes Commission (EFCC), Mrs. Bilikisu Buhari-Bala.
The money forfeited in the interim is said to be in Donatone Limited’s account number: 2000000500 domiciled in Titan Bank Limited.
While requesting the orders from the court, Mrs. Buhari-Bala, informed the court that the orders sought are pursuant to Section 17 of the Advance Fee Fraud and Other Fraud-related Offences Act No. 14, 2006, and Section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria.
She also told the court that the grounds for the orders are: “That this honourable court has the statutory powers under the provisions of section 17 of the Advance Fee Fraud and Other Related Offences Act, 2006 to grant the reliefs being sought.
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“That the funds sought to be forfeited are reasonably suspected to be proceeds of unlawful activities.”
Mrs. Buhari-Bala also told the court that the motion Ex-parte is supported by an affidavit deposed to by an investigator with the EFCC, David Jayeoba.
In the affidavit, the deponent, Jayeoba stated that his commission received credible and directed intelligence which led to the tracing of funds reasonably suspected to be proceeds of unlawful activities warehoused in the Donatone Limited (DL) Titan Trust Bank account, which funds are reasonably suspected to be part of proceeds of unlawful activities.
He also stated that the EFCC, while investigating the monumental fraud carried out by the erstwhile Central Bank of Nigeria Governor, Godwin Emefiele (GE) and his Cronies, discovered a huge amount of money warehoused and concealed in the account of Donatone Limited, domiciled in Titan Trust Bank.
Jayeoba said that investigation revealed that some of the brains behind the fraudulent concealment of funds reasonably suspected to have been proceeds of unlawful activities of the erstwhile Central Bank of Nigeria’s Governor, Mr Godwin Emefiele, are the natural persons behind Donatone Limited, Uzeobo Anthony and Adebanjo Olurotimi, who are directors Donatone Limited.
The deponent further stated the following: “Between 2021 and 2022, when accessibility to Forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source Forex.
“That Uzeobo Anthony and Adebanjo Olurotimi used the firm, to collect bribes and gratification on behalf of Godwin Emefiele, to get approval for accessing Forex. And that one of the entities (NP) paid a total sum of $26,552 million USD, into the account of a firm domiciled in Titan Trust account number 2000000500.
“That the said credits came into the account of the firm on November 9, 2021: $6,450,000; November 5, 2021: $6,050,000.00; December 16, 2021: $5,400,000.00; December 23, 2021: $652,000; January 31, 2022; $3,000,000.00 and September 21, 2022: $5,000,000.00.
“The investigation traced the funds to having been fixed into interest-yielding accounts, dissipated and laundered through a foreign account in Mauritius, and transported back to Nigeria under disguise.
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“That of the total sum of $26, 555, 000.00 US dollars received by the firm, the balance standing in the said account as of today is the sum of $1, 426, 175.14 million USD.
“That it is the balance in the account that the applicant seeks to forfeit to the Federal Government of Nigeria, which has been traced to be the proceeds of unlawful activities of (GE) and his cronies.
“And that investigation further revealed that the international entities sourcing for forex were pressured into parting with huge funds to access forex during the period.
“That the signatories to the account warehousing the sum of $1, 426, 175.14 million USD, sought to be forfeited are at large and are making frantic efforts to dissipate the funds electronically. And based on our investigation findings, the funds sought to be forfeited are proceeds of unlawful activities of (GE) and his cronies. And that it is in the interest of justice to grant this application.”
Justice Faji, after granting the orders, adjourned the matter to June 25, for a hearing of the final forfeiture of the money.
Justice Yelim Bogoro had on May 25, 2024, ordered interim forfeiture of $4.7m, N830m, and some property assets linked to Emefiele.
The monies forfeited to the Federal Government in the interim were said to be warehoused in First Bank; Titan Bank and Zenith Bank, being operated by Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd; Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd and TIL Communication Nigeria Ltd.
The properties forfeited in the interim were: 94 Units of an 11-floor building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, iKoyi, Lagos; AM Plaza, 11-floor office space, situated on 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos, Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, ibeju-Lekki LGA, Lagos and two properties purchased from Chevron Nigeria, Closed PFA Fund, Block B. Lot twin completed property in Lakes Estate, Lekki, Lagos.
Emefiele: Court orders forfeiture of another $1.7m
Africa
Nigeria withdraws fighter jets as Benin recovers after failed coup attempt
Nigeria withdraws fighter jets as Benin recovers after failed coup attempt
Nigeria has withdrawn the fighter aircraft it deployed in the Benin Republic following Sunday’s attempted coup, after security assessments confirmed that the situation in the neighbouring country has stabilised. Security sources said the aircraft—initially dispatched from Lagos for surveillance and regional monitoring—were recalled on Sunday afternoon when updated intelligence indicated that the crisis no longer posed “immediate threat to Nigeria’s territorial security.”
The failed coup, aimed at toppling the democratic government of President Patrice Talon, began with an early morning assault on the presidential residence in Cotonou.
Mutinous soldiers, dressed in full military uniform, attempted to seize power but were repelled by loyal forces. Unable to capture the President, the rebels proceeded to take over the Office de Radiodiffusion et Télévision du Bénin (ORTB), briefly controlling the national broadcast signal.
The crisis escalated rapidly, but the Beninese National Guard responded decisively, surrounding the television station and blocking the mutineers’ escape routes.
By late Sunday, loyalist security units had secured all major government installations, restoring order across the capital city.
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“The situation is under control. The National Guard has everything surrounded,” a senior security official said, noting that negotiations were initiated to persuade the barricaded mutineers to surrender peacefully.
President Talon, reported safe in an undisclosed location, has yet to address the nation. Meanwhile, the streets of Cotonou remained tense but calm, with no reports of widespread violence or civilian casualties.
Presidential spokesman Bayo Onanuga confirmed in a statement on X that the coup had collapsed.
“Mutineers in military uniform who attempted to overthrow President Patrice Talon’s democratic government have failed. They seized the National TV after failing to enter the presidential residence,” he wrote.
He added that Colonel Pascal Tigri, the alleged leader of the mutiny, was on the run, while several members of the group had been apprehended.
Benin’s Interior Minister Alassane Seidou also appeared on national television, confirming that the military uprising had been foiled. “Early on Sunday, 7 December 2025, a small group of soldiers launched a mutiny aimed at destabilising the state and its institutions. The armed forces remained loyal to the republic, and their response allowed them to foil the attempt,” he said.
The Beninese government has since urged citizens to resume their normal activities, assuring the public that the security situation remains firmly under control.
Nigeria withdraws fighter jets as Benin recovers after failed coup attempt
News
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
Senate President Godswill Obot Akpabio has instituted a ₦200 billion defamation lawsuit against Senator Natasha Akpoti-Uduaghan, accusing her of spreading malicious sexual harassment allegations that he says have severely damaged his public image.
According to documents filed before the High Court of the Federal Capital Territory, Abuja, Akpabio is seeking substantial damages, public retractions, and nationwide broadcast apologies. He argues that Senator Akpoti-Uduaghan’s televised, radio, and online interviews portrayed him as a sexual predator who abused his office for personal gratification—claims he insists subjected him to widespread ridicule and reputational harm.
The lawsuit includes a comprehensive statement of claims and a list of witnesses. Akpabio is also asking the court to compel the removal of all online materials containing the disputed allegations and to order repeated public apologies across major media outlets.
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A court order issued on 6 November 2025 granted permission for substituted service through the Clerk of the National Assembly after initial attempts to reach Senator Akpoti-Uduaghan directly were unsuccessful. The case is now moving forward and is expected to become one of the most closely watched political legal battles in Nigeria.
Responding on 5 December 2025, Senator Natasha Akpoti-Uduaghan confirmed receipt of the suit and expressed readiness to defend her allegations before a competent court. She stated that she had previously been prevented from presenting a petition before the Senate Committee on Ethics and Privileges due to claims that a related case was already in court—an action she believes protected the Senate President from legislative scrutiny.
In a strongly worded response, the Kogi Central senator maintained that the court proceedings will finally provide the platform to substantiate her claims. She reiterated her stance that she experienced sexual harassment and that her refusal to comply with the alleged advances prompted sustained political retaliation.
“See you in court, Godswill Akpabio,” she declared.
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
News
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
The Nigeria Labour Congress (NLC) has warned that it will no longer remain passive as criminal gangs intensify violent attacks across the country, declaring its readiness to hold a national day of mourning and mobilise nationwide protests over the escalating insecurity in Nigeria.
Speaking at the opening of the NLC’s National Executive Council (NEC) meeting in Lagos, NLC President Joe Ajaero said the country was “under siege,” condemning the latest school kidnapping and the reported withdrawal of security personnel before the attack. He demanded a full investigation to expose any possible compromise within the nation’s security architecture.
“The NLC cannot stand idly by and allow criminals to take over our country—never again. We want to know who ordered the withdrawal of security operatives from that school. We will not allow kidnappers and bandits to overrun our nation,” Ajaero said.
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He stressed that the labour movement would soon announce details of the planned protests and national mourning, insisting the lives of teachers, students and workers were in grave danger. “It is getting out of hand. We can no longer bear this,” he added.
Ajaero also revealed that the NLC had withdrawn its representatives from the Labour Party, accusing them of pursuing personal interests rather than representing workers.
Human rights lawyer Femi Falana, SAN, who addressed the meeting, warned that the country was in “serious trouble” over rising kidnappings and attacks. He rejected calls for foreign military intervention, cautioning that such a move would undermine Nigeria’s sovereignty.
Falana criticised recent statements by former U.S. President Donald Trump, describing them as unacceptable. He urged President Bola Tinubu to take decisive action to protect citizens, saying: “We want to let the world know that we are not a conquered people.”
He called on labour unions, civil society organisations and Nigerians to prepare to resist any further decline in national security.
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
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