FG To Sell Emefiele’s 753 Duplexes To Low, Middle~Income Nigerians
The Federal Government has finalized arrangements to sell a vast estate, reportedly linked to former Central Bank Governor Godwin Emefiele, to Nigerians in the low- and middle-income brackets.
The sprawling estate, consisting of 753 housing units, was recovered by the Economic and Financial Crimes Commission (EFCC) in December 2024. Spanning over 150,000 square metres and featuring duplexes along with various apartment types, the property is regarded as the EFCC’s largest single asset recovery since its establishment in 2003.
A final forfeiture order for the estate was granted by Justice Jude Onwuegbuzie of the Federal Capital Territory High Court, Abuja, on December 2, 2024. Court filings by the EFCC, accessed by our correspondent, tied the property to Emefiele.
In April 2025, Emefiele attempted to reclaim the estate through an application filed at an FCT High Court, alleging that the EFCC concealed the forfeiture proceedings from him despite their ongoing interactions over other cases. However, the court dismissed his request.
On Tuesday, May 20, 2025, EFCC Chairman Ola Olukoyede formally handed over the estate to the Minister of Housing and Urban Development, Ahmed Dangiwa.
Speaking with Saturday PUNCH, the Ministry’s Director of Press and Public Relations, Badamasi Haiba, affirmed that the government would ensure the estate benefits ordinary Nigerians, in line with President Bola Tinubu’s Renewed Hope Agenda.
Haiba added that the estate remains under construction, and the ministry would first carry out structural and integrity assessments before deciding on the process for sale and allocation.
“Next would be to profile the houses and decide how they will be sold to Nigerians. However, the intention of the minister has always been homeownership for all categories of Nigerians, including low and middle-income earners – so we should expect to see such intentions play out here, all-inclusive,” Haiba added.
On the mode of selling, he said the ministry’s portal would be used, promising that the payment options would be flexible.
He said, “Homes sold by the ministry will always have flexible payment options, including mortgage, instalment, rent-to-own payment, etc., whether in this case or any other.
“These are just 753 units. The ministry has over 10,000 houses nearing completion nationwide under the Renewed Hope Housing Programme.
“The ministry has a web portal developed where sales of these houses are done – renewedhopehomes.fmhud.gov.ng. The minister has already stated that the same process will be adopted in selling these confiscated houses.”
When asked about the date the portal would be opened for interested Nigerians, he said, “The Housing Ministry will first complete the houses. Construction was ongoing before the recovery by the EFCC.”
He dismissed speculations that the houses would be allocated to those in power.
Haiba said, “People will always speculate, maybe due to experiences from years ago. The present Renewed Hope administration is doing something different in promoting transparency and accountability.
“I can only tell you what the ministry is doing. With the renewedhopehomes.fmhud.gov.ng portal, the ministry has cut off human interference to ensure that the sales process is transparent and all-inclusive.
“Any Nigerian can sit in their home, log onto the portal, browse through the different types of units and locations, select the house they want, select a payment option, submit their application, and get an offer letter right there and then.”
5/24/2025, 6:40:44 AM
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