Federal Government To Sell Duplexes Confiscated From Emefiele
The Federal Government has said it would make available for sale the 753 housing units confiscated from former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to Nigerians.
The development was revealed in a statement by the Federal Ministry of Housing and Urban Development, when the Minister of Housing and Urban Development, Ahmed Dangiwa, alongside the Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, led a joint team on a physical site inspection of the ceased housing estate.
The estate, previously linked to Emefiele, was recovered by the EFCC in December 2024, and officially handed over to the Ministry following a directive by President Bola Tinubu.
During the inspection, Dangiwa announced that the Ministry would immediately commence its technical assessments by conducting integrity tests on the buildings.
Upon successful evaluation, the structures will be completed and made available for sale to Nigerians through the Renewed Hope Portal, which is already operational.
The Minister emphasised the Federal Government’s commitment to transparency and accountability, calling on public office holders to steer clear of corrupt practices.
“The government of the day is serious about fighting corruption,” he stated, while commending the EFCC and its leadership for what he described as a landmark recovery—one of the most significant in the nation’s history within such a short span of time.
Dangiwa also urged Nigerians to maintain trust in the EFCC and support its efforts toward achieving more recoveries for the benefit of the public.
Speaking at the event, EFCC’s Chairman Olukoyede clarified that what Nigerians had previously seen on television was merely an aerial view of the estate.
“The essence of this visit is to show that it is real,” he said, underscoring the transparency and accountability that guide the commission’s actions.
According to the EFCC, it is the largest single asset recovery since the agency’s inception in 2003. It covers over 150,000 square metres and includes duplexes and other 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 approached an FCT High Court in a bid to reclaim the estate, which had already been forfeited to the government.
He accused the EFCC of deliberately concealing the forfeiture proceedings from him, despite frequent interactions with the agency regarding other pending charges.
His application was, however, dismissed by the court.
