Multi-walled carbon nanotubes (MWCNTs) modified nickel foams (MWCNTs-NF) were developed with an electrophoretic deposition methodology for microwave (MW) assisted catalysis and processing enhancement. A nickel foam (NF) was selected to serve the dual purpose both as the MW absorbing catalytic materials and the matrix for MWCNTs loading in order to maximize the recyclability of the catalysts. The effects of electrophoretic voltage and concentration of electrophoretic fluid on the morphology and deposition characteristics of MWCNTs on the NF matrix were investigated. It was found that the MWCNTs-NF composite material resulted in strong enhancement of MW absorptivity with synergistic heat-generating effects that were not observed when MWCNTs or NF was exposed to MW alone. The combination of NF and MWCNTs brought a catalytic total organic carbon removal efficiency of 97% in wastewater treatment, while that using bare MWCNTs and NF were only 65.2% and 79.3%, respectively. The coupling of NF with MWCNTs led to the formation of additional MW-absorbing channels and focal sites with strong MW absorptivity, which in turn gave rise to the synergistic MW heating effects. This research highlights the great prospect of the MW-assisted reaction enhancement using the MWCNTs-NF composite material as the catalyst in wastewater treatment and other similar engineering applications.