The Federal Government has announced that it will offer for sale 753 housing units recovered from former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to the Nigerian public.
The development was confirmed in a statement by the Federal Ministry of Housing and Urban Development following a joint site inspection by Housing Minister Ahmed Dangiwa and EFCC Chairman Olanipekun Olukoyede. The estate, which was confiscated by the EFCC in December 2024, was handed over to the ministry as directed by President Bola Tinubu.
During the inspection, Minister Dangiwa revealed that technical assessments, including structural integrity tests, would commence immediately. Once cleared, the housing units will be completed and listed for sale on the Renewed Hope Portal, which is already active.
Dangiwa emphasized the Tinubu administration’s commitment to transparency and accountability, urging public officials to shun corruption. “The government of the day is serious about fighting corruption,” he noted, praising the EFCC for what he described as one of the most significant recoveries in Nigeria’s history.
He also called on Nigerians to support the EFCC in its mission to recover more assets for public use.
Speaking at the site, EFCC Chairman Olukoyede clarified that earlier television reports had only shown an aerial view of the estate. “The essence of this visit is to show that it is real,” he said, reinforcing the commission’s commitment to transparency.
According to the EFCC, the estate, spread over 150,000 square metres and comprising duplexes and other types of apartments, is the largest single asset recovery since the agency’s inception in 2003.
The estate was forfeited to the government by order of Justice Jude Onwuegbuzie of the FCT High Court on December 2, 2024. In April 2025, Emefiele attempted to reclaim the property, alleging the EFCC concealed the forfeiture proceedings from him despite ongoing interactions with the agency. His application was dismissed by the court.
What you should know
This estate, once linked to Godwin Emefiele, represents the largest asset recovery in EFCC’s history.
Its upcoming sale to Nigerians under the Renewed Hope agenda marks a strategic shift—turning a symbol of alleged corruption into a public resource aimed at addressing the country’s housing deficit.
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