FG To Sell 753 Housing Units Recovered From Emefiele Through EFCC

The Federal Government has announced plans to sell a 753-unit housing estate in Abuja recovered from embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The property, which was forfeited through the efforts of the Economic and Financial Crimes Commission (EFCC), was officially handed over to the Ministry of Housing and Urban Development at its headquarters in Mabushi, Abuja.

This was disclosed in a statement signed by Salisu Haiba, Director of Press and Public Relations at the Ministry.

“The Ministry of Housing and Urban Development has taken delivery of the 753 housing units in Abuja, recovered from the former Central Bank Governor, Godwin Emefiele, by the EFCC,” the statement read.

Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, commended the EFCC for its commitment to asset recovery and the fight against corruption, describing the handover as a major step toward accountability and public benefit.

“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,” Dangiwa said.

He revealed that the Ministry, in collaboration with the EFCC, will soon conduct a joint inspection of the estate to assess the structural integrity and condition of the buildings.

“We intend to carry out thorough integrity and structural assessments on all buildings and associated infrastructure to confirm their safety and suitability for habitation,” he added.

Dangiwa also announced that the housing units would be sold to the public and used for specific government needs. He assured that the sale process would be open and fair.

“For the public sale component, we will adopt a transparent and competitive process. This will include a nationwide advertisement and the use of the Renewed Hope Portal where interested Nigerians can submit their Expressions of Interest,” he stated.

During the handover, EFCC Chairman, Ola Olukoyede, emphasized that recovered assets must be managed with transparency and put to use in the public interest.

“It is important for us to demonstrate to Nigerians that whatever proceeds of crime we recover will be applied transparently and in a manner that benefits the public,” Olukoyede said. “We will not allow looted assets to be looted again.”

Emefiele is currently facing trial on various charges bordering on financial crimes and abuse of office.