What happened
The EFCC said that on 12 November 2026 its eighth prosecution witness, investigator team leader Alvan Gurumnaan, testified before Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos, in the ongoing trial of former Central Bank of Nigeria Governor Godwin Emefiele and co-defendant Henry Omoile, which the EFCC describes as an alleged $4.5bn fraud case. Emefiele faces a 19-count charge of receiving gratification and making corrupt demands while CBN Governor. The witness told the court that Emefiele allegedly used associates to acquire properties worth far more than his legitimate income could justify, listing twin duplexes in Lekki Phase 1, two mansions on Queens Drive in Ikoyi, an uncompleted factory in Agbor, a printing and minting company in Ikoyi, a warehouse in Ogun State and Abuja developments. This is prosecution testimony in an ongoing trial. The allegations have not been proven, and the defence's case was not reported in the post.
How the scam works
A charge, an arraignment, a witness's testimony or a prosecutor's accusation is not a finding of guilt. People and companies named in these reports are accused, charged or, where the source says so, convicted or sentenced, and they are presumed innocent unless and until a court finds otherwise. Do not treat a news report or a press release as a substitute for a court judgment. If you think you were affected by the same kind of scheme, keep records and report them to the investigating agency named in the source, or to your local police and your bank.
Source
Source: https://x.com/officialEFCC/status/2120941789582332053 (EFCC official statement on X, @officialEFCC, Nov 12, 2026, 1:08 PM ET)