The Economic and Financial Crimes Commission (EFCC) has handed over 753 housing units seized from the former Central Bank governor, Godwin Emefiele to the Ministry of Housing and Urban Development.
The Executive Chairman of EFCC, Mr. Olanipekun Olukoyede handed over the housing estate to the Minister of Housing and Urban Development, Arc Ahmed Dangiwa at the Ministry’s headquarters, Mabushi, on Tuesday, 20th May, 2025
The minister receiving the housing units said “This marks a significant milestone in our collective determination to ensure that recovered assets are put to productive use in ways that directly benefit the Nigerian people. The housing estate recovered from the former Governor of the Central Bank is a case in point”
Accordingly, Dangiwa informed that, following the formal handover of the estate by the EFCC, the Federal Ministry of Housing and Urban Development will conduct a joint familiarization tour of the facility alongside efcc team to properly assess it’s state.
” We intend to carry out thorough integrity and structural assessments on all buildings and associated infrastructure to confirm their safety and suitability for habitation” the minister stated
He further explained that, a comprehensive technical evaluation will be undertaken to determine the cost of completing all outstanding infrastructure and ancillary facilities, including perimeter fencing, internal roads, drainage systems, a police post, shopping areas, recreational centers, and other essential amenities.
Plans to Sell Housing Units
The minister further unveiled plans to offer the housing units for sale to interested members of the public as well as reserving some of the units for government use.
“The Ministry will offer the units for sale both to the public and for special government needs. For the public sale component, we will adopt a transparent and competitive process. This will include nationwide advertisement and the use of the Renewed Hope Portal where interested Nigerians can submit their Expressions of Interest” he said
Dangiwa also stated “We are committed to making this a model of accountability and public benefit, and we look forward to working closely with the Commission to bring this effort to a successful conclusion”
The Chairman of the Economic and Financial Crimes Commission, Mr. Olanipekun Olukoyede revealed that the handing over of the forfeited properties was a demonstration of the impact of the fight against financial crimes and corruption in Nigeria as pronounced in the Renewed Hope Agenda of President Bola Ahmed Tinubu.
“It is important for us to demonstrate to Nigerians that whatever proceed of crime that we had recovered in the course of our work, the application of that will be made transparent to Nigerians so that we will not allow looted assets to be looted again”, he said.
According to the EFCC chairman the Estate contained hundreds of apartment on parcel of land measuring 150,462.86 square meters and located at plot 109, cadastral zone, co9, Lokogoma district, Abuja
Accordingly, he informed that the Commission would monitor the project completion by the Ministry for periodic reports and feedback to the President.
