By Peter Onyekachukwu 
By Peter Onyekachukwu
In a bold move aimed at reclaiming looted public assets for national development, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, on Monday officially handed over a confiscated 750-unit luxury housing estate—previously linked to embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele—to the Federal Ministry of Housing and Urban Development.
The estate, forfeited to the federal government following ongoing corruption investigations, was transferred to the Minister of Housing, Ahmed Musa Dangiwa, at an official event in Abuja.
Speaking at the event, Dangiwa said the housing units would be sold through a transparent and competitive process in line with President Bola Tinubu’s Renewed Hope Agenda.
“This handover marks a significant step in our drive to recover misappropriated public assets and put them to good use for the benefit of Nigerians,” the minister said.
He assured Nigerians that the sale of the luxury units will be promoted openly and managed through the Renewed Hope Housing Portal, to ensure accountability and public access.
“The Renewed Hope Portal will be the central platform where Nigerians can apply, track and engage with the entire process. We are determined to ensure these homes go to deserving citizens, not political cronies or insiders,” Dangiwa added.
EFCC Chairman Olukoyede described the event as a demonstration of the anti-graft agency’s commitment to ensuring that recovered assets are put to productive use.
“This is not just about recovery, it’s about restitution. Public wealth must serve public good,” he said.
The handover signals a new approach in government asset management, where seized properties rather than lying fallow are reintegrated into national development plans, especially at a time when Nigeria faces a housing deficit of over 20 million units.
Analysts have praised the initiative as a potential game-changer in asset recovery and housing delivery, urging the federal government to replicate the model with other forfeited properties across the country.