$4.5bn Fraud Trial: Emefiele Allegedly Used Proxies to Acquire Multi-Billion-Naira Properties Across Nigeria – Investigator

An investigator with the Economic and Financial Crimes Commission (EFCC) has alleged that former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, used proxies to acquire multi-billion-naira properties across different parts of the country.

The allegation was reportedly made during proceedings in Emefiele’s ongoing $4.5 billion fraud trial.

The EFCC investigator told the court that investigations uncovered properties allegedly acquired through third parties as part of efforts to conceal their ownership.

The allegations form part of the commission’s case against the former CBN governor.

Emefiele remains entitled to the presumption of innocence until proven guilty by a court of competent jurisdiction.