Wednesday, May 21, 2025 - The Ministry of Housing and Urban Development has taken over the forfeited 753-housing units Estate of former governor of Central Bank of Nigeria (CBN), Godwin Emefiele, from by the Economic and Financial Crimes Commission (EFCC).
The executive chairman of EFCC, Olanipekun Olukoyede, handed
over the housing estate to the Minister of Housing and Urban Development, Arc
Ahmed Dangiwa, at the Ministry’s headquarters in Mabushi district of Abuja on
Tuesday, May 20.
Minister Dangiwa commended the leadership of EFCC under Mr.
Olanipekun Olukoyede for the sustained efforts in the fight against corruption
and the recovery of public assets.
“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.
“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.
The minister 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.
“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 remarked
Earlier, in his presentation, the chairman of EFCC Olukoyede
stated 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 Tinubu.
He recalled an investigation into the property, which
started last year, leading to a civil forfeiture of the asset due to the belief
that no one could have owned it legitimately.
He also emphasised on the need for accountability and
transparency in managing forfeited assets, informing of the directive from
President Bola Tinubu to hand over the asset to the Ministry of Housing and
Urban Development for completion.
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