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Economic development

EFCC's Landmark Asset Recovery: 753 Housing Units Handed Over to Federal Government

Strategic Insights

— 1 min read

The Economic and Financial Crimes Commission (EFCC) has made a significant achievement in asset recovery, handing over 753 units of houses to the Federal Government. The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, commended the EFCC's efforts, describing the recovery as unprecedented. The EFCC Chairman, Mr. Ola Olukoyede, emphasized that the recovery is a tangible result of President Bola Tinubu's Renewed Hope Agenda, which prioritizes the use of anti-corruption tools to drive economic development.

Key Takeaways:

  • The EFCC has recovered 753 units of houses at the Lokogoma axis of Abuja, which were subsequently handed over to the Federal Government through the Ministry of Housing and Urban Development.
  • The recovery came following a final forfeiture order granted by Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Abuja, on December 2, 2024.
  • The houses include duplexes and other apartments, covering a total area of 150,500 square meters.
  • The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, described the recovery as unprecedented and commended the EFCC's efforts, especially under the leadership of Executive Chairman Mr. Ola Olukoyede.
  • The EFCC Chairman, Mr. Olukoyede, reiterated the Commission's commitment to transparency and accountability in the management of recovered assets.
  • The recovery is a tangible result of President Bola Tinubu's Renewed Hope Agenda, which prioritizes the use of anti-corruption tools to drive economic development.

Statistics:

  • 753 units of houses recovered by the EFCC
  • 150,500 square meters of total area covered by the recovered houses
  • December 2, 2024: the date when the final forfeiture order was granted by Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court, Abuja
  • 1 year: the period within which the EFCC recovered 753 units of houses under the leadership of Executive Chairman Mr. Ola Olukoyede

Sources:

  • LEADERSHIP
  • Federal Capital Territory (FCT) High Court, Abuja
  • EFCC
  • President Bola Tinubu

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