EFCC Charges Emefiele with Stealing & Illegal Acquisition of 753 Abuja Duplexes

A Scandal Unfolds—Former CBN Governor Faces Fresh Charges

The Economic and Financial Crimes Commission (EFCC) has filed new charges against Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), accusing him of stealing and illegally acquiring a massive housing estate in Abuja.

The eight-count charge, filed at the High Court of the Federal Capital Territory, Abuja, alleges that Emefiele, in collusion with Eric Ocheme (currently at large), acquired 753 housing units located at Plot 109, Cadastral Zone C09, Lokogoma District, Abuja.

The Allegations—Billions in Suspicious Transactions

💰 ₦6.92 billion allegedly funneled through proxy accounts between 2019 and 2022.

💰 ₦167 million held in a Zenith Bank account in 2019.

💰 ₦1.23 billion moved through Kelvito Integrated Services Ltd in 2020.

💰 ₦2.94 billion controlled in 2021, rising to ₦1.98 billion in 2022.

💰 Additional ₦900 million and ₦600 million stored in Ifedigo Integrated Services accounts.

Legal Battles & Government Action

🚨 Emefiele challenged the forfeiture of the estate, but his motion was dismissed by the court.

🚨 The estate has been handed over to the federal government, which plans to sell it to low and middle-income Nigerians.

🚨 Emefiele has filed an injunction to prevent further action on the property until his appeal is heard.

Forgery Allegations—More Trouble for Emefiele

The EFCC also accused Emefiele of forging legal documents to facilitate property acquisitions. One charge alleges that in January 2021, he forged an “Irrevocable Power of Attorney” to falsely present a transaction as legitimate.