The Economic and Financial Crimes Commission on Monday, June 16, arraigned former Central Bank of Nigeria Governor, Godwin Emefiele, before the High Court of the Federal Capital Territory, sitting in Maitama.
He faces an eight-count charge that includes allegations of illegal property acquisition and forgery.
According to the EFCC, Emefiele allegedly took unlawful possession of 753 residential properties—including duplexes and apartments—located at Plot 109, Cadastral Zone C09, Lokogoma District in Abuja.
The anti-graft agency also claimed that he maintained substantial sums of money in proxy accounts held at Zenith Bank.
Also charged in the case, which is registered as FCT/HC/CR/358/2025, is one Eric Ocheme, reported to be at large.
Among the charges is an alleged act of forgery involving a document titled “Irrevocable Power of Attorney Between MG Properties Limited and H and Y Business Global Limited.” The EFCC stated that the document was falsely presented to mislead stakeholders into believing it was legitimately issued by H and Y Business Global Limited.
The alleged offences are said to violate Sections 319, 362, and 364 of the Penal Code.
Emefiele entered a not guilty plea to all charges when they were read to him in open court.
Following the plea, EFCC’s lead counsel, Rotimi Oyedepo (SAN), requested a date for trial to commence, during which the prosecution will present evidence and witnesses.
Representing Emefiele, Senior Advocate of Nigeria Matthew Burkaa moved a bail application, which the EFCC did not oppose.
Justice Yusuf Halilu granted bail in the sum of ₦2 billion, with two sureties who must reside in Abuja and own property in either Maitama, Asokoro, or Wuse 2.
“The defendant must meet the bail conditions between now and Wednesday, failing which he will be remanded in a correctional facility,” Justice Halilu warned.
The court adjourned the matter to July 11, 2025, for the commencement of trial.
