In a significant move aimed at reinforcing the Federal Government’s anti-corruption drive and addressing the housing deficit in Nigeria, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, on Monday officially handed over a confiscated 750-unit luxury housing estate to the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.
The estate, which was seized as part of ongoing efforts to recover assets acquired through illicit means, is located in a prime area and comprises a mix of high-end residential units. The handover ceremony, which took place at the EFCC headquarters in Abuja, underscores the Commission’s commitment to ensuring that recovered assets are put to productive use for the benefit of the Nigerian people.
Speaking during the event, Mr. Olukoyede stated that the EFCC remains resolute in its mandate to recover stolen public assets and return them to government coffers for meaningful national development. He noted that the decision to hand over the estate aligns with President Bola Ahmed Tinubu’s directive that all recovered properties must be transparently managed and channeled towards addressing critical sectors such as housing, education, and healthcare.
In his remarks, Minister Dangiwa commended the EFCC for its transparency and cooperation, noting that the acquisition of the estate provides a timely boost to the Federal Government’s Renewed Hope Agenda in the housing sector. He revealed that the ministry plans to put the luxury homes up for public sale at affordable rates to middle-income earners, civil servants, and other deserving Nigerians.
“This is a practical example of inter-agency collaboration working to serve the people. These houses will soon be available for sale under a fair and transparent process, with priority given to first-time homeowners and those who have long been excluded from access to quality housing,” Arc. Dangiwa said.
The handover marks another milestone in the government’s effort to recover and repurpose assets acquired through corruption, while also tackling the nation’s housing challenges through strategic asset redistribution.
