The Federal Government has officially taken possession of a 750-unit luxury housing estate confiscated from the embattled former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.

The handover was conducted by the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, and received by the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.

The estate, comprising high-end duplexes located in a prime area of the Federal Capital Territory, was forfeited to the government following extensive investigations by the EFCC into financial impropriety during Emefiele’s tenure as apex bank chief.

The asset seizure forms part of the broader efforts by the Tinubu administration to recover looted public funds and repurpose confiscated properties for national development.

Speaking on the matter, Dangiwa disclosed that the ministry will conduct a full integrity and structure test of the buildings and complete all outstanding infrastructure.

In his words: “We will conduct a comprehensive integrity and structural assessment of all buildings and associated infrastructure to ensure safety and suitability for habitation,”

“We will also complete all outstanding infrastructure, including roads, drainage systems, and other essential amenities, to make the estate fully functional. Additionally, a standardized housing design framework will be developed to ensure architectural uniformity and provide guidance to prospective allottees.”

“Finally, the housing units will be offered for sale through a transparent and competitive process, which will be widely advertised and managed via the Renewed Hope Portal.”