An investigator with the Economic and Financial Crimes Commission (EFCC), Alvan Gurumnaan, has told the Lagos State Special Offences Court in Ikeja that Emefiele allegedly used associates and proxy companies to acquire several properties while serving as Central Bank of Nigeria (CBN) governor.
During his testimony, the investigator alleged that Emefiele used his office to facilitate payments from businesses seeking access to foreign exchange, claiming that one company paid about $17 million through intermediaries.
He also listed properties allegedly linked to the former CBN governor, including mansions in Ikoyi, duplexes in Lekki, a factory in Agbor, Delta State, and an estate comprising about 750 houses in Lokogoma, Abuja.
Emefiele is facing a 19-count charge bordering on alleged gratification, corrupt demands and abuse of office involving $4.5 billion and ₦2.8 billion. His co-defendant, Henry Omoile, is also facing three counts relating to alleged unlawful acceptance of gifts.
The trial continues before Justice Rahman Oshodi, with the court adjourning proceedings until November 13, 2026.
