The Supreme Court has affirmed the final forfeiture of seven properties, $2.045 million, and the share certificates of Queensdorf Global Fund Limited linked to former Central Bank of Nigeria Governor, Godwin Emefiele, to the Federal Government.
In a unanimous judgment delivered on July 17, 2026, a five-member panel of the apex court overturned the Court of Appeal’s decision and restored the earlier ruling of the Federal High Court, Lagos, which held that the assets were reasonably suspected to have been acquired from proceeds of unlawful activities.
The forfeited assets include prime properties in Ikoyi and Lekki, Lagos, an industrial complex under construction in Agbor, Delta State, the sum of $2.045 million, and the company’s share certificates.
The Economic and Financial Crimes Commission (EFCC) had appealed after the Court of Appeal reversed the Federal High Court’s forfeiture order granted on November 1, 2024. With the Supreme Court’s decision, the forfeiture has now been conclusively upheld, bringing the legal battle over the assets to an end.
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