EFCC Alleges Godwin Emefieles Cronies Used Forex Kickbacks in $20m Estate Purchase

The Economic and Financial Crimes Commission (EFCC) has linked former Central Bank of Nigeria Governor Godwin Emefiele to a 753-duplex estate in Abuja, alleging that it was acquired with forex kickbacks. Court papers have been filed by the EFCC against Emefiele and his cronies over the property purchase.

The Economic and Financial Crimes Commission (EFCC) has linked immediate-past Governor of the Central Bank of Nigeria Godwin Emefiele and his cronies to a massive 753-duplex estate acquired in Abuja, with allegations that forex kickbacks were used to facilitate the purchase. According to court papers filed by the EFCC, the acquisition of the property is under investigation as part of ongoing probe into alleged financial irregularities involving high-ranking officials of the central bank. The investigation aims to unravel the circumstances surrounding the estate's acquisition and potential misuse of foreign exchange funds.