The Economic Crimes and Financial Commission (EFCC) has handed over the confiscated Abuja estate with 753 duplexes and apartments owned by Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN) to the Federal Government.
The Chairman of EFCC, Ola Olukoyede handed over the luxury apartments to the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa on Tuesday, May 20, 2025 in Abuja.
While the details of the handling over is yet to be known as of press time, it is said that it will soon be available for purchase by interested Nigerian buyers as the government seeks to recoup its Money.
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Recall that Justice Jude Onwuegbuzie of the Federal High Court in Abuja on Monday, December 2, 2024, ordered the final forfeiture of a sprawling estate in Lokogoma District, Abuja, to the federal government.
In a statement by Dele Oyewale, spokesperson of the anti-graft agency, the estate, occupying 150,500 square meters and comprising 753 duplexes and apartments, represents the largest single asset recovery by the EFCC since its establishment in 2003.
The estate, located on Plot 109, Cadastral Zone C09, was forfeited following allegations that it was acquired with proceeds from unlawful activities by a “former top brass of the government”, according to the EFCC. The owner of the property was not named in the statement.
The EFCC said it pursued the case under 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 of the Federal Republic of Nigeria.
Developing Story, more details will be shared on the Intel Region WhatsApp group as soon as possible.
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