WATCH THE VIDEO HERE The Federal Government has proposed spending N1.83 billion in the 2025 budget to convert properties forfeited from the Economic and Financial Crimes Commission (EFCC) into State House quarters in Abuja. According to the proposed 2025 budget, an allocation of N1,830,783,061 has been made for the acquisition, renovation, and rehabilitation of these forfeited properties to serve as residential quarters for the State House. The budget also includes N120.28 million for renovation works at the State House security quarters. Naijaonpoint further observed that N5.49 billion has been allocated for the annual maintenance of the presidential villa, highlighting the significant resources earmarked for the upkeep of the nation’s seat of power. This substantial allocation for renovations and maintenance comes amidst ongoing public debates over government expenditure priorities, especially as the nation grapples with economic challenges. Naijaonpoint earlier reported that the Economic and Financial Crimes Commission (EFCC) achieved its largest asset recovery to date with the final forfeiture of a 150,500-square-meter estate in Abuja, containing 753 duplexes and other apartments. The ruling relied on Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act No. 14, 2006, and Section 44(2) B of the 1999 Constitution.
FG budgets N1.83 billion to convert EFCC forfeited properties into state house quarters
