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Nigeria to Sell Estate Linked to Ex-Central Banker to Citizens

  • In May 2025, the EFCC handed over a 753-unit housing estate in Abuja, seized from former CBN Governor Godwin Emefiele, to the Ministry of Housing for management and sale.
  • The handover followed court orders granted between November 2024 and December 2024, after the estate was forfeited due to alleged unlawful enrichment linked to Emefiele's tenure.
  • The Ministry of Housing, led by Ahmed Dangiwa, confirmed possession and will conduct technical audits to ensure the estate’s safety and completion before public sale through a transparent process.
  • EFCC Chairman Olanipekun Olukoyede called the recovery a milestone, describing the estate as the agency's largest single asset seizure since 2003, emphasizing transparency and public benefit.
  • The sale aims to convert forfeited assets into homes for Nigerians, signaling progress in Nigeria’s anti-corruption drive and efforts to address severe housing deficits through accountable governance.
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tvcnews.tv broke the news in on Tuesday, May 20, 2025.
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