FG to put up Emefiele’s 753-unit housing estate for sale - NEWS FRONTIER DAILY

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Tuesday, May 20, 2025

FG to put up Emefiele’s 753-unit housing estate for sale





The Ministry of Housing and Urban Development has announced its plans to sell a 753-unit housing estate which was forfeited to the  Federal Government as part of illegally acquired assets by former Central Bank Governor, Godwin Emefiele.

The ministry confirmed receiving the recovered asset which was handed over to it by the Economic and Financial Crimes Commission (EFCC) at the Ministry’s headquarters in Mabushi, Abuja.

This was contained in a statement signed by the Director, Press and Public Relations, Ministry of Housing and Urban Development, Salisu Haiba.

He said, “The Ministry of Housing and Urban Development has taken delivery of the 753 Housing Units Abuja housing estate of former Central Bank Governor, Godwin Emefiele recovered by the Economic and Financial Crimes Commission.”

The statement quoted the Minister of Housing and Urban Development, Arc Ahmed Dangiwa, as praising the EFCC for its sustained commitment to asset recovery and anti-corruption.

He 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,” Dangiwa said.

He announced that the Ministry, in collaboration with the EFCC, will undertake a joint familiarization tour to assess the current state of the estate.

The minister added, “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 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,” Dangiwa added.

The EFCC Chairman, Olanipekun Olukoyede while handing over the property noted  the symbolic and practical value of the event in demonstrating the government’s resolve to fight corruption.

He said, “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.”

Recall, the embattled Ex-CBN Governor is currently on trail for financial crimes and other related offences in court. 

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