The Federal Government has announced that it will sell the 753 housing units that were taken from the former governor of the Central Bank of Nigeria (CBN) to Nigerians.
The development was revealed in a statement from the Federal Ministry of Housing and Urban Development, when Olanipekun Olukoyede, the president of the Economic and Financial Crimes Commission (EFCC), and Ahmed Dangiwa, the minister of housing and urban development, led a joint team conducting a physical site inspection of the ceased housing estate.
Following President Bola Tinubu’s directive, the estate, which was previously associated with Emefiele, was recovered by the EFCC in December of this year.
Dangiwa stated during the inspection that the Ministry would begin its technical assessments by conducting building integrity checks right away.
The Renewed Hope Portal, which is already operational, will be used to sell the structures once they are successful evaluations and finished.
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The Minister urged people in public offices to abstain from corrupt practices while highlighting the federal government’s commitment to accountability and transparency.
He praised the EFCC and its leadership for what he described as a landmark recovery, one of the most significant in the country’s history in such a short period of time, while praising the “government of the day” for its “serious approach to combating corruption.”
Dangiwa also urged Nigerians to maintain their faith in the EFCC and support its efforts to increase public support for public good.
Chairman Olukoyede clarified at the event that what Nigerians had previously seen on television was merely an aerial view of the estate.
He said, “The purpose of this visit is to demonstrate that it is real,” which highlights the commission’s commitment to transparency and accountability.
The EFCC claims that this is the largest asset recovery since the organization’s founding in 2003. Duplexes and other apartment types are included in the over 150 000 square meters.
Following Justice Jude Onwuegbuzie’s final forfeiture order issued on December 2, 2024, the Abuja High Court’s Federal Capital Territory High Court recovered the estate.
Emefiele contacted the FCT High Court in April 2025 to request reclaiming the estate, which had already been seized by the government.
Despite frequent exchanges with the agency regarding other pending charges, he claimed that the EFCC had intentionally kept the forfeiture proceedings a secret from him.
Source: Channels TV
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