A witness for the Economic and Financial Crimes Commission (EFCC) has alleged that former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, used proxies to acquire several high-value properties across Nigeria.
The allegation was reportedly made by an EFCC investigator while testifying in the ongoing $4.5 billion fraud trial involving the former CBN governor.
According to the investigator, investigations uncovered properties allegedly linked to Emefiele but acquired through other individuals, raising questions about the ownership and source of funds used for the transactions.
The investigator, identified as Alvan Gurumnaan, named several properties allegedly linked to Emefiele, including twin duplexes in Lekki Phase 1, two mansions on Queen’s Drive in Ikoyi, Lagos, and a block of eight flats on Adekunle Lawal Street, Ikoyi.
He also mentioned a factory in Agbor, Delta State, a warehouse in Ogun State, an 11-storey building reportedly comprising 94 luxury flats, and an estate containing about 750 houses in Lokogoma, Abuja.
Gurumnaan further alleged that a lawyer, Ifeanyi Omeke, acted as a front for Emefiele and that more than $2 million was recovered from his office during investigations. He told the court that several assets had been forfeited to the Federal Government following court proceedings.
Emefiele is facing a 19-count charge involving alleged gratification, corrupt demands and abuse of office, with transactions valued at $4.5 billion and ₦2.8 billion. His co-defendant, Henry Omoile, is also facing three counts.
However, the defence lawyers objected to parts of the investigator’s testimony, arguing that the evidence was not relevant to the charges. Justice Rahman Oshodi overruled the objection, allowing the testimony to continue and giving the defence an opportunity to cross-examine the witness.
The case was adjourned until November 13, 2026, for continuation of trial. The allegations remain subject to determination by the court.
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