Wednesday, August 19, 2026

Alleged Money Laundering: Emefiele awarded multimillion-naira contracts to wife’s company, EFCC witness tells court

Mr Agboro said it took a while to uncover the connection between Architekan Ltd and Mr Emefiele’s wife, “who is using a name that if you did not dig, you would not know it is his wife.”

and • March 11, 2024
CBN Godwin Emefiele (credit: Bloomberg)
CBN Governor, Godwin Emefiele (credit: Bloomberg)

At the Maitama Division of the FCT High Court on Monday, an EFCC witness testified that former CBN governor Godwin Emefiele awarded contracts worth hundreds of millions of naira to Architekon Nigeria Limited, a company, where his wife, Margaret Omoyile, is listed as a director.

The witness, Michael Agboro, an investigator from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), disclosed that the findings of his investigations showed that Mr Emefiele had conferred a corrupt and unfair advantage on Architekon Nigeria Limited and April 1616, as other qualified companies did not enjoy the patronage of the CBN. Saadaru Yaro, a CBN staff member also under EFCC investigation, is listed as a director of April 1616 Investment Limited.

Mr Agboro said it took a while to uncover the connection between Architekon Ltd and Mr Emefiele’s wife, “who is using a name that if you did not dig, you would not know it is his wife.”

The investigator wondered why Mr Emefiele’s wife still used her maiden name and had not publicly taken her husband’s last name.

But Matthew Burkaa, who represented the former CBN governor, disregarded the statement as irrelevant to the matter at hand.

Mr Agboro said it was discovered that Architekon Ltd got nearly a N100 million contract to renovate the “external landscaping” of the Ikoyi, Lagos, residence of the CBN governor in 2020. 

According to EFCC’s counsel Rotimi Oyedepo, over N97 million was paid for a furniture contract to Architekon Ltd, where Mr Emefiele’s wife, Margaret and her brother-in-law Jonathan Omo-ile were listed as directors.

Architekan Ltd further bagged a N58 million contract to power Mr Emefiele’s Ikoyi residence.

Mr Burkaa countered his claims and asked if the witness bothered to find out if the projects were even carried out during the investigation.

Mr Agboro responded in the negative.

Mr Emefiele’s lawyer found it suspicious that the EFCC did not bring to court the findings of the investigation report and that investigators did not bother to find out whether or not the awarded contracts were executed.

Justice Hamza Muazu asked both opposing parties to reconvene on April 25 and 26 for further hearing.

EFCC had, in February, declared Mr Emefiele’s wife and others wanted for allegedly conspiring with the former CBN governor to embezzle huge sums of money from the Nigerian treasury.

According to a notice signed by the agency’s spokesperson, Dele Oyewale, their alleged crimes of obtaining money by false pretences and stealing contravened sections 411, 287 and 314 of the Criminal Law of Lagos State.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

NYSC DG Olakunle Nafiu

States

NYSC DG tasks corps members on responsible social media use

The DG noted that technology had made it increasingly difficult to distinguish between genuine and fabricated materials.

Media Foundation for West Africa (MFWA)

Africa

Media professionals decry threats to press freedom in West Africa 

The media experts noted that press freedom and national security should be complementary objectives and not competitors.

Niger Delta Development Commission (NDDC)

States

NDDC begins negotiations to improve staff welfare

Mr Iyaye congratulated members of the committee on their selection by NDDC management and the NDDC Staff Union.

HOSPITAL

States

Stakeholders seek quick reform of state public health laws

Mr Danjuma described the initiative as a major milestone in strengthening public health legal preparedness.

Court

States

Two Ogun men jailed seven years each for belonging to secret cults

The magistrate said the evidence presented by the prosecution was tenable.