(Pictures)How Emefiele Bought $2.5m House in Texas as CBN Governor, EFCC lists other properties

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The house at 100 Cottonwood Dr, Texas suspected to have been bought by Emefiele.

Details have emerged on how former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Ifeanyi Emefiele bought a mansion at $2,501,000 (N3,673,018,620.00) in Texas under the watch of former President Muhammadu Buhari.

Emefiele was yesterday ordered by Justice Yellim Bogoro at the Federal High Court in Ikoyi, to forfeit in the interim $4,719,054, N830,875,611, and other property linked to him after an ex-parte motion by EFCC counsel Bilkisu Buhari and C.C. Chineye.
One of the properties to be forfeited is a mansion that Emefiele bought in Texas, USA, on November 19, 2019, in his fifth year as the CBN Governor.

It was a major capital flight likely to have significantly decreased Nigeria’s economic growth in the short run and long run.

Emefiele’s Texas mansion, a 5-bedroom property, sits on a 9,810 Sqft space of 4.47 Lot Acres at 100, Cottonwood Coppel Texas Drive, Coppel, Texas.

According to Zillow’s estimation, the property is now worth $3.5million.

It is described as one of Coppell’s finest estates, sitting at the highest point in the city and encompassing over 4.50 acres of breathtaking views and optimal luxury living. It features a 40 ft gym, enormous theater and game rooms, four car motor court, extensive sound and security systems, two separate hot tubs, Miele built-in coffee bar, five fireplaces, wide planked hardwoods, restaurant grade 8 burner gas range, instant hot-recirculating water, x4 2018 water heaters, and four car motor court.

The location of the property is also described as the most coveted street and iconic estate in Coppell, just nine minutes from DFW airport.

The interior has a built-in Wine Cooler, Cable TV, Decorative Lighting, Flat Screen Wiring, High-Speed Internet, Multiple Staircases, Sound System Wiring, Vaulted Ceilings, and Wet Bar.
Emefiele’s properties forfeited to the federal government include 94 Units of 11 Storey building under Construction at 2, Otunba Elegushi 2nd Avenue (Formerly Club Road), Ikoyi, Lagos; AM Plaza, 11 Story Office Space at 1E, Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1, Esa Street, Imoore Land purchased with (Deep Bive Industrial Town, Oriade LCDA, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro Lagos, Owolomi Village, Ibeju-Lekki LGA, Lagos and 2 properties purchased from Chevron Nigeria, Closed PFA Fund, Block B.Lot.Twin Completed Property Lakes Estate. Lekki, Lagos.

Others include a plot measuring 1,038.069 sqm, at Lekki Foreshore Estate Scheme, Block A, Plot 4, Foreshore Estate, Eti-Osa, LGA; the estate located at 100, Cottonwood Coppel Texas Drive, Coppel, Texas, Owned by Lipam investment Services; a Land at 1, Bunmi Owulude Street (Maruwa), Lekki Phase 1, Lagos and a Property at 8, Bayo Kuku Road, lkoyi Lagos.

Newsmakerslive.org

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