The Federal Government has announced its plan to sell 753 housing units confiscated from former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to Nigerians.
This development was revealed in a statement from the Federal Ministry of Housing and Urban Development, following a joint site inspection by Minister of Housing and Urban Development, Ahmed Dangiwa, and the Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede.
The housing estate, previously linked to Emefiele, was recovered by the EFCC in December 2024 and officially handed over to the Ministry under a directive from President Bola Tinubu.
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During the inspection, Dangiwa stated that the Ministry would immediately begin technical assessments and integrity tests on the buildings.
Once evaluated, the structures will be completed and offered for sale to Nigerians via the already operational Renewed Hope Portal.
The Minister underscored the Federal Government’s commitment to transparency and accountability, urging public office holders to avoid corrupt practices.
He commended the EFCC and its leadership for what he called a “landmark recovery,” one of the most significant in the nation’s history within a short timeframe.
Dangiwa also encouraged Nigerians to maintain trust in the EFCC and support its efforts to achieve more recoveries for public benefit.
EFCC Chairman Olukoyede clarified that previous public views of the estate were merely aerial. “The essence of this visit is to show that it is real,” he stated, emphasizing the transparency guiding the commission’s actions.
According to the EFCC, this is the largest single asset recovery since the agency’s inception in 2003, covering over 150,000 square meters and including duplexes and various apartment types.
The estate was recovered following a final forfeiture order issued on December 2, 2024, by Justice Jude Onwuegbuzie of the Federal Capital Territory High Court in Abuja.
In April 2025, Emefiele attempted to reclaim the estate, alleging the EFCC deliberately concealed the forfeiture proceedings despite frequent interactions regarding other charges. However, his application was dismissed by the court.
