By Maryam Ahmad
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has officially handed over a confiscated 750-unit luxury housing estate—previously linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele—to the Minister of Housing and Urban Development, Ahmed Musa Dangiwa.
The handover ceremony took place in Abuja on Monday, marking a significant milestone in the federal government’s efforts to repurpose assets recovered from corruption cases for public benefit.
Speaking at the event, Olukoyede reaffirmed the EFCC’s commitment to transparency and accountability, emphasising that the recovered property will now serve the interests of ordinary Nigerians, particularly in addressing the country’s housing deficit.
In his response, Minister Dangiwa commended the EFCC for its efforts and assured that the housing units would be integrated into the Renewed Hope Cities initiative to provide affordable homes for low and middle-income earners.
The estate was seized as part of ongoing investigations into alleged financial misconduct involving Emefiele, who is currently facing multiple corruption-related charges.