Connect with us

News

BREAKING: Reps List Potential Beneficiaries of Emefiele’s Forfeited Abuja Estate

The House of Representatives has urged the Federal Government to allocate the forfeited Abuja estate linked to former CBN Governor Godwin Emefiele…

Published

on

Emefiele estate 696x348 1
Emefiele and Forfeited Abuja Estate
  • The House of Representatives has urged the Federal Government to allocate the forfeited Abuja estate linked to former CBN Governor Godwin Emefiele to low-income earners, IDPs, and vulnerable groups, insisting on transparency in the allocation process.

The House of Representatives has urged the Federal Government to allocate the Abuja estate forfeited by former Central Bank of Nigeria (CBN) Governor Godwin Emefiele to low- and middle-income earners, internally displaced persons (IDPs), and other vulnerable groups.

This followed the adoption of a motion by Hon. Jafaru Gambo Leko, titled “Need for Transparent and Equitable Allocation of Forfeited Abuja Estate handed over to the Ministry of Housing by the Economic and Financial Crimes Commission (EFCC).”

banner7

According to Leko, the estate — consisting of 753 duplexes and apartments located at Plot 109, Cadastral Zone C09, Lokogoma District, Abuja — was recently handed over by the EFCC to the Federal Ministry of Housing and Urban Development following a final forfeiture order granted by the Federal High Court.

The lawmaker said the property, covering over 150,000 square metres, was allegedly acquired with proceeds of unlawful activities linked to Emefiele, describing its recovery as a “significant milestone in Nigeria’s anti-corruption efforts.”

DON’T MISS: Tinubu Confirms Wale Edun’s Illness, Gives Fresh Order

He warned that without a transparent and accountable allocation process, the estate could end up in the hands of “privileged elites,” undermining the goal of asset recovery and denying ordinary Nigerians access to affordable housing.

Advertisement

The House, after debate, resolved to urge the Ministry of Housing to publish a transparent and inclusive allocation framework, prioritising low-income citizens, IDPs, and vulnerable groups.

It also directed the ministry to submit a comprehensive report within 60 days, detailing allocation criteria and the proposed use of the property.

VN62

The Committee on Housing and Habitat was mandated to liaise with the ministry to ensure equity, fairness, and transparency in the process.

Leko emphasised: “Transparency in asset management is vital to building public trust. Nigerians must see the benefits of recovered assets directly improving lives.”

Advertisement

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

eu eu
News11 hours ago

BREAKING: EU Removes Nigeria from ‘High-Risk’ Financial List

Nigeria has been taken off the European Union’s list of high-risk jurisdictions after strengthening its anti-money laundering framework.

atiku son atiku son
Politics12 hours ago

Atiku’s Son, Abba Abubakar, Dumps PDP for APC, Vows to Mobilise Support for Tinubu’s 2027 Re-election

Abba Abubakar, son of former Vice President Atiku Abubakar, has defected from the PDP to the APC, pledging to mobilise...

us visa us visa
World News2 days ago

BREAKING: U.S. Freezes Visa Processing for Applicants From Nigeria, 74 Other Countries (Full List)

The United States State Department is preparing to indefinitely suspend visa processing for applicants from at least 75 countries...

osimhen g osimhen g
Sports2 weeks ago

Osimhen Closes In on Yekini’s Goal Record After AFCON Brace

Victor Osimhen moved within three goals of Rashidi Yekini’s long-standing Nigeria scoring record after netting twice in the Super Eagles’...

nigeria team nigeria team
Sports2 weeks ago

Nigeria Hit Four in AFCON Knockout for First Time in 32 Years

Nigeria delivered a historic performance at the Africa Cup of Nations, scoring four goals in a knockout match for the...

joshua joshua
Sports2 weeks ago

Anthony Joshua May Quit Boxing After Deadly Nigeria Crash — Uncle Gives Reason

Former world heavyweight champion Anthony Joshua is considering stepping away from boxing following a tragic car crash in Nigeria that...

Screenshot 2026 01 05 160938 Screenshot 2026 01 05 160938
News2 weeks ago

Lagos Begins Clearance of Illegal Structures Along Lagos–Badagry Expressway

The Lagos State Government has commenced clearance operations along the Lagos–Badagry Expressway to remove illegal structures and ease traffic congestion...

cheating20in20exams cheating20in20exams
Education2 weeks ago

FG Discovers New Strategy to End WAEC, NECO Malpractice

The Federal Government has announced fresh strategies, including technology-driven reforms and stricter oversight, to tackle examination malpractice in WAEC and...

INECVerseNewsNG1 INECVerseNewsNG1
News2 weeks ago

INEC Resumes Nationwide Voter Registration as Second Phase Begins

The Independent National Electoral Commission has resumed the Continuous Voter Registration exercise across the country...

Yahaya Bello On Watchlist Yahaya Bello On Watchlist
Politics2 weeks ago

‘Yahaya Bello Remains Innocent Until Proven Guilty’, EFCC Declares

The Economic and Financial Crimes Commission has reaffirmed that former Kogi State Governor Yahaya Bello remains innocent until proven guilty.

Advertisement