The Economic and Financial Crimes Commission (EFCC) has uncovered another cash sum of $2.045million, seven choice landed properties and shares linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Ifeanyi Emefiele.
The discovery, disclosed on Thursday at the Federal High Court sitting in Lagos, is the latest in a series of sums in local and foreign currencies, and properties the anti-graft agency says it has traced to Emefiele.
The Commission told Justice Akintayo Aluko that the money and properties were reasonably believed to be proceeds of kickbacks to Emefiele from the allocation of foreign exchange to businesses when he was head of the CBN.
The judge, in an ex-parte proceedings by the agency, ordered the interim forfeiture of the $2.045m, landed properties and shares to the Federal Government.
Justice Aluko made the order following an application filed and moved by Mr. Rotimi Oyedepo (SAN) of the Economic and Financial Crimes Commission (EFCC) who led Chineye C. Okezie and Zeenat Atiku Bala in a suit marked FHC/L/MISC/500/24.
The two shares certificates are of Queensdorf Global Fund Limited Trust, while the properties are all located in the highbrow Lekki and Ikoyi parts of Lagos State and Agbor in Delta State.
The landed properties are listed as follows: “Two fully detached duplex of identical structures at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow at No. 65a Oyinkan Abayomi Drive, (Formerly Queens Drive), Ikoyi, Lagos; a four-bedroom duplex at 12a Probyn Road, Ikoyi; Industrial complex under construction on a 22-plot of land in Agbor, Delta State; 8 units of undetached apartments on a plot measuring 2457.60sqm at No. 8a Adekunle Lawal Road, Ikoyi, and a full duplex together with all its appurtenances on a plot of land measuring 2217.87sqm at 2a Bank Road, Ikoyi, Lagos.
Mr. Oyedepo informed the court that the money and other items sought to be forfeited were reasonably suspected to be proceeds of unlawful activities.
He relied on Section 17 of the Advanced Fee Fraud and Other Fraud Related Offences Act No. 14, 2006, Section 44 (2)(B) of the 1999 Constitution and the court’s inherent jurisdiction.
The SAN also supported the motion ex parte with an affidavit deposed to by an EFCC investigator, Idi Musa.
Justice Aluko, after listening to Oyedepo’s 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, which could be The Nation, Punch and the Guardian, to enable anyone 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 has been adjourned to September 5.
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In his affidavit, the deponent averred that he was âassigned to investigate the damning intelligence report received by the EFCC 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.
“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.
“The said properties particularized in Schedules âAâ and âBâ 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.
“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.
“Upon investigation, it was revealed that one Ifeanyi Omeke, a Deputy General Manager and Head, Litigation of Zenith Bank Plc, who worked closely with Godwin Emefiele ran several errands for him which included purchase and perfection of title documents for several properties located in highbrow areas of Lagos. And that upon a search conducted in the office premises of Mr. Ifeanyi Collins Omeke by the operatives, several seals for various companies including but not limited to Queensdorf Global Fund Limited were recovered.
“That the said seals were kept in the custody of Mr. Ifeanyi Collins Omeke by Godwin Emefiele, and that investigation has revealed that all seven companies listed above are suspected to be shell companies used by Godwin Emefiele as vehicles for money laundering and holding proceeds of his illicit activities.
“That sometime in 2018, one Olusola Bodunde acquired a parcel of land located at Hakeem Odumosu Street, Lekki Phase 1, Lagos and partnered with one Idowu Sharafa to develop three units of 5-bedroom duplexes with attached BQ on the land. And that sometime in 2020, one Ifeanyi Omeke approached Mr. Olusola Bodunde and subsequently paid the total sum of N460,000,000.00 (Four Hundred and Sixty Million Naira) for two of the three developed duplexes, purchased in the name of Amrash Ventures Limited, all on behalf and on the instructions of Godwin Emefiele.
“That the sum of Two Million, Forty-Five Thousand Dollars ($2,045,000.00) and the shares certificate, were also recovered in the office of Mr. Collins Ifeanyi Omeke at the Zenith Bank Head office on Ajose Adeogun Street, Victoria Island, Lagos.
“That most of the proceeds of Godwin Emefieleâs 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 but 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 corporate 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.
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“That I know as a fact and verily believed that the funds used in the acquisition of the properties sought to be forfeited are reasonably suspected to be proceeds of unlawful activities and not the legitimate earnings of Godwin Emefiele.
“That most of the fraudulently earned funds have been invested in the acquisition of the various properties now sought to be forfeited to the Federal Government of Nigeria. And that the properties were acquired by Godwin Emefiele and kept in the custody of Mr. Collins Ifeanyi Omeke, with sums traced and reasonably believed to be proceeds of unlawful activities to wit; kickback from allocation of Foreign exchange.
“That investigation further revealed that all these companies were used in the intermediate steps to perfect this scheme of fraud. And that it is in the interest of justice to grant this application.”
Emefiele was on November 18, 2023, arraigned before the court on six counts of procurement fraud, in what is the most high-profile corruption case under President Bola Ahmed Tinubu.
He was also accused of abusing his office by approving a contract for the acquisition of 43 vehicles totalling N1.2 billion from 2018 to 2020.
On April 8, 2024, the EFCC arraigned the former banker alongside one Henry Omoile before Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos for an alleged $4.5bn and N2.8bn fraud.
