Emefiele acquired properties through proxies, EFCC tells court
An EFCC investigator has told the court that former CBN Governor Godwin Emefiele allegedly used proxies to acquire multi-billion-naira properties while in Read More: https://punchng.com/emefiele-acquired-properties-through-proxies-efcc-tells-court/
A former Nigerian Central Bank Governor, Godwin Emefiele, is accused of using associates to acquire multimillion-naira properties through proxies while in office, according to an Economic and Financial Crimes Commission (EFCC) investigator. The properties, valued at billions of dollars, were allegedly recovered in Lagos, Delta, Ogun, and Abuja.
Cash totaling over $2 million was also seized from the office of a lawyer, Ifeanyi Omeke, who allegedly acted as a front for Emefiele. Emefiele faces 19 charges, including abuse of office and corruption, while Omeke is charged with unlawful acceptance of gifts. The investigator testified that Emefiele created a system that made it difficult for ordinary Nigerians and businesses to access foreign exchange, forcing some to pay large sums to the former governor.
Several judgments have been obtained by the EFCC, leading to the forfeiture of assets estimated in the hundreds of billions of naira.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
