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Supreme Court okays forfeiture of Emefiele’s $2m, properties and share certificates to FG

The Supreme Court has affirmed the final forfeiture of $2.045 million, several luxury properties and share certificates linked to former Central Bank of Nigeria governor Godwin Emefiele to the Federal Government.thecable+5 In a unanimous judgment delivered by a panel led by Justice Ibrahim Saulawa, the apex court set aside an earlier decision of the Court of Appeal in Lagos, which had nullified the forfeiture order and ordered a fresh hearing at the Federal High Court.naijanews+3 The ruling restores the November 1, 2024 order of Justice Deinde Dipeolu of the Federal High Court in Lagos, which directed the permanent forfeiture of the funds, seven choice landed properties and share certificates of Queensdorf Global Fund Limited Trust believed to be linked to Emefiele.pmnewsnigeria+3 The forfeited assets include fully detached duplexes on Hakeem Odumosu Street in Lekki Phase 1, an undeveloped parcel of […]

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Kwabena Adu Boahene’s Luxury Properties Linked to $7 Million Fraud Scheme

Former Director of the National Signals Bureau (NSB), Kwabena Adu Boahene, is under investigation for allegedly using misappropriated government funds to acquire luxury properties in Accra. Since his appointment in 2018, Adu Boahene has amassed a number of prime real estate holdings, which authorities suspect were funded by fraudulent financial transactions linked to a $7 million cyber defense contract scandal.According to the Economic and Organised Crime Office (EOCO), Adu Boahene was involved in redirecting over GHS 39.4 million ($5.6 million) from government contracts into personal accounts. This diversion of funds occurred under the guise of payments for a cyber defense system that was never fully realized.Properties tied to Boahene include high-end estates in Accra's Mayfair Estates, with notable purchases such as a $1 million property on No. 2 Stream Part Drive and multiple homes on Edith Avenue, one of which […]

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