?An investigator with the Economic and Financial Crimes Commission (EFCC) has narrated to a Lagos Special Offences Court in Ikeja how the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, allegedly used associates to acquire high-value properties across the country far beyond his legitimate earnings while in office.

?Testifying on Thursday, November 12, 2026, the eighth prosecution witness (PW8) and lead investigator, Alvan Gurumnaan, made the revelations during the ongoing trial of Emefiele and his co-defendant, Henry Omoile.

Both men are facing a 19-count charge brought by the EFCC’s Lagos Zonal Directorate 1, bordering on allegations of receiving gratification and making corrupt demands during Emefiele's tenure at the apex bank.

?Led in evidence-in-chief by the prosecution counsel and Director of Public Prosecutions of the Federation, Rotimi Oyedepo (SAN), Gurumnaan explained that his special operations team recorded Emefiele's statement after acting on intelligence regarding the acquisition of assets disproportionate to his official income.

?The witness listed the properties traced to the former CBN chief to include a pair of twin duplexes in Lekki Phase 1 and two mansions on Queens Drive, Ikoyi. Other assets named were an uncompleted factory in Emefiele's hometown of Agbor, Delta State; a block of eight flats on Adekunle Lawal Street, Ikoyi; and a warehouse in Ogun State containing containers valued at hundreds of billions of naira.

?Gurumnaan further identified two-storey buildings comprising 94 luxury flats under construction, an industrial park, and a massive estate in Abuja housing over 700 duplexes under construction as part of the acquired assets.

He informed Justice Rahman Oshodi that all the listed properties had already been permanently forfeited to the Federal Government following various court judgments.

?“My Lord, several courts have given judgments in favour of the EFCC, forfeiting assets and properties belonging to Emefiele. He accepted and came to court that the properties belong to him,” Gurumnaan testified.

?Addressing the property on Adekunle Lawal Street in Ikoyi, the investigator alleged that the block of flats originally belonged to the Nigerian Security Printing and Minting Company, where Emefiele served as Chairman of the Board, before he allegedly sold it to himself.

?However, defence counsel to Emefiele, Olalekan Ojo (SAN), objected to the testimony regarding the Agbor factory and the Adekunle Lawal Street property, urging the court to discountenance the evidence on the grounds that neither asset was listed in the charges before the court.

?During the proceedings, Oyedepo—appearing alongside B. Bilkisu, C. C. Okezie, and Z. B. Atiku—also sought to tender a certified copy of a Supreme Court judgment as an exhibit.

?Justice Oshodi subsequently adjourned the case until Friday, November 13, 2026, for a ruling on the admissibility of the tendered document and the continuation of the trial.