Supreme Court Reaffirms Final Forfeiture of Emefiele’s $2.045m, Seven Properties
Supreme Court Reaffirms Final Forfeiture of Emefiele’s $2.045m, Seven Properties
The Supreme Court has upheld the final forfeiture of more than $2.045 million and seven high-value properties linked to former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to the Federal Government.
In a unanimous judgment delivered by Justice Mohammed Idris, the apex court overturned the earlier decision of the Court of Appeal, which had nullified the forfeiture order and directed that the matter be reheard.
The ruling, delivered on behalf of a panel headed by Justice Ibrahim Mohammed Musa Saulawa, affirmed the 2024 judgment of Justice Dehinde Dipeolu of the Federal High Court in Lagos, which ordered the permanent forfeiture of the assets.
The Supreme Court held that the Court of Appeal erred in setting aside the Federal High Court’s decision, thereby restoring the original forfeiture order in its entirety.
The forfeiture followed an application by the Economic and Financial Crimes Commission (EFCC), which convinced the court that the assets were proceeds of unlawful activities.
Emefiele, through his counsel led by Senior Advocate of Nigeria (SAN), Olalekan Ojo, had successfully challenged the forfeiture at the Court of Appeal in 2025, with the appellate court ordering a fresh hearing of the case.
Dissatisfied with that judgment, the EFCC, represented by Senior Advocates of Nigeria Kanu Agabi, Rotimi Oyedepo and Abba Mohammed, appealed to the Supreme Court, which has now ruled in the Commission’s favour.
Among the forfeited assets are several luxury properties located in Ikoyi and Lekki, Lagos, an industrial complex under construction in Agbor, Delta State, an undeveloped parcel of land, and multiple apartment units.
The apex court also restored the forfeiture of $2.045 million in cash and share certificates linked to Queensdorf Global Fund Limited.
With the judgment, all the listed assets are to be transferred to the Federal Government in line with the final forfeiture order.

