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Friday, October 24, 2025

Alleged Property Fraud: EFCC witness fails to link Emefiele to Zenith Bank account

Under cross-examination by Matthew Burkaa (SAN), Mr Emefiele’s counsel, the witness told the court that he does not know the owner of the accounts.

• October 24, 2025
Godwin Emefiele
Godwin Emefiele

An Economic and Financial Crimes Commission (EFCC) witness on Friday failed to link Godwin Emefiele to accounts in Zenith Bank in the alleged property fraud case.

Mr Emefiele, a former governor of the Central Bank of Nigeria (CBN), is charged with property fraud, among other things.

The property, located at Plot 109, Cadastral Zone C09, Lokogoma District, Federal Capital Territory (FCT), Abuja, measures 150,462.86 SQM and comprises 753 housing units.

Mr Emefiele and Eric Ocheme, at large, are also charged with unlawfully keeping in their possession billions of naira in proxy accounts in Zenith Bank.

At the resumed hearing of the matter in the Abuja High Court, the first prosecution witness (PW1), Mshelia Arhyel, was taken in evidence by prosecution counsel, Rotimi Oyedepo (SAN).

He is a compliance officer at Zenith Bank, and he narrated how funds were received and deposited into the accounts of three companies.

The companies are MG Properties Limited, Ifedigo Integrated Services, and Kelvito Integrated Services.

The witness also mentioned names of cash depositors and transfers, such as Chukwuma Opara, Peters Adebayo and Wilson.

Under cross-examination by Matthew Burkaa (SAN), Mr Emefiele’s counsel, the witness told the court that he does not know the owner of the accounts.

When he was asked if he was called to make a statement by the EFCC in respect of the accounts, he said no and that he never knew he was going to testify.

He, however, said he signed the certificate of compliance on May 29 and never knew he would speak to the document.

When asked if Mr Emefiele’s name was on the account-opening documents, he said no.

Justice Yusuf Halilu, after the cross-examination, adjourned until November 26 for the continuation of the trial.

Earlier, Mr Emefiele, through his counsel, challenged the court’s jurisdiction to entertain the suit on the grounds that he was not in any way linked with the charge and the charge should be quashed.

Mr Burkaa told the court that the preliminary objection prays for three orders and six grounds, supported by affidavits and a written address.

He argued on a point of law and prayed the court to grant his prayers.

Responding, Mr Oyedepo, for the prosecution, opposed the application, saying that the charge should not be quashed because the defendant (Mr Emefiele) is linked to the charge.

After their submissions, the court asked them to proceed with the trial; their arguments will be considered.

The EFCC, in count one of the charge, accused Messrs Emefiele and Ocheme of knowingly having within their control the housing estate suspected to have been unlawfully obtained, contrary to the law.

In count two, they were alleged to have knowingly been in possession of the sum of N167 million, domiciled in Kelvito Integrated Services’ account.

In count three, they were alleged to have held N1.23 billion in the same account.

EFCC claimed that the said sums were suspected to have been unlawfully obtained.

In other counts, they were also linked with the sum of ₦900 million and ₦600 million in Ifedigo Integrated Services’ account domiciled with Zenith Bank.

(NAN)

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