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Court Orders Interim Forfeiture of $2.04 Million and Properties Linked to Ex-CBN Governor Emefiele

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Justice Akintayo Aluko of the Federal High Court in Lagos has issued an interim forfeiture order for $2.04 million and seven properties connected to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The properties, scattered across high-end areas of Lagos and Delta State, are believed to have been acquired with proceeds from unlawful activities.

Among the properties listed for forfeiture are two duplexes in Lekki Phase 1, undeveloped land and a bungalow in Ikoyi, a four-bedroom duplex in Ikoyi, an industrial complex under construction in Agbor, and an apartment complex in Ikoyi. Additionally, two share certificates from Queensdorf Global Fund Limited were also ordered for forfeiture.

The order was granted following a motion filed by the Economic and Financial Crimes Commission (EFCC), which argued that the funds and properties were linked to fraudulent activities during Emefiele’s tenure at the CBN. The EFCC cited evidence suggesting that Emefiele and his associates, including Ifeanyi Omeke of Zenith Bank, were involved in schemes that illegally diverted funds for personal gain.

The court has instructed the EFCC to publish the forfeiture order in national newspapers, giving interested parties 14 days to challenge the order or risk the properties being permanently forfeited to the Federal Government.

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Woodhall Capital Launches UAE-Nigeria Investors Forum to Boost Business Collaboration

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Woodhall Capital, in partnership with the UAE Consulate General in Lagos, hosted the “UAE-Nigeria: Investors’ 1st Meeting” at the Lagos Continental Hotel, aimed at fostering business ties between Nigeria and the UAE. The exclusive forum provided a platform for top Nigerian business leaders to engage with UAE government officials and explore new investment opportunities.

Woodhall Capital founder, Moji Hunponu-Wusu, emphasized the UAE’s commitment to supporting Africa, noting the firm’s success in raising nearly half a billion dollars in funding from Middle Eastern banks. She also announced plans to open an office in Abu Dhabi, further strengthening UAE-Nigeria relations.

The UAE Consul General in Lagos, Dr. Abdulla Al Mandoos, highlighted Nigeria’s strategic importance and the UAE’s focus on fostering economic partnerships. He praised the potential for mutual growth and outlined the UAE’s favorable investment environment, citing strong infrastructure, access to global markets, and a stable economy.

The forum also provided a space for Nigerian industry leaders to discuss their business needs and collaborate on energy, trade, and development initiatives, signaling a bright future for UAE-Nigeria business relations.

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NGE, Imo Government, UNICEF Host Workshop on South-East/South-South Challenges

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The Nigerian Guild of Editors (NGE), in collaboration with UNICEF and the Imo State Government, is organizing a two-day workshop aimed at strengthening the media’s role in addressing development challenges in Nigeria’s South-East and South-South regions. The event, scheduled for October 23-24 in Owerri, will gather senior editors and media executives from across the country.

According to a joint statement by NGE President Eze Anaba and General Secretary Dr. Iyobosa Uwugiaren, the workshop will focus on how the media can help tackle socio-economic, political, and environmental issues in these regions. The 50 participants, drawn from print, electronic, and online platforms, will explore ways to raise public awareness, amplify marginalized voices, and hold power holders accountable.

The workshop, themed “The Media as Partners in Regional Development,” will feature expert presentations and focus on strategies like collaborative reporting and investigative journalism. Governor Hope Uzodimma is set to open the event, with NGE President and UNICEF Nigeria’s Head, Cristian Munduate, as co-hosts.

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Governor Fubara Urges Judges to Uphold Justice, Warns of Divine Judgment

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Rivers State Governor, Siminalayi Fubara, has called out certain legal professionals for distorting the law to serve their paymasters. Speaking at the opening of the 2024/2025 Legal Year at St. Paul’s Anglican Cathedral, Port Harcourt, Fubara emphasized the judiciary’s role as a sacred institution that must uphold justice without bias.

Fubara warned judges that their decisions have serious implications and urged them to stand firm in delivering justice. He stated, “Judges are seen as God on earth, and if you fail to administer justice rightly, you will face divine judgment.”

The governor also praised the Rivers State Judiciary for supporting his administration despite various threats and pressures. He assured that he would never interfere with their duties, urging them to remain steadfast in the face of adversity.

In his sermon, Bishop Rt. Rev. Wisdom Budu Ihunwo warned against conflicting court rulings, which harm the country’s unity and governance. He reminded the judiciary of their divine responsibility to uphold justice, cautioning that those who misuse their power will eventually face God’s punishment.

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