FG to Sell Emefiele’s 753-Unit Estate to Low and Middle-Income Nigerians
The Federal Government has finalized plans to sell a large estate linked to former Central Bank of Nigeria Governor, Godwin Emefiele, to Nigerians in the low- and middle-income brackets. The estate, comprising 753 housing units, was seized by the Economic and Financial Crimes Commission (EFCC) in December 2024. Spanning over 150,000 square metres and featuring duplexes and other types of residences, the property represents the EFCC’s largest single asset recovery since its establishment in 2003. The recovery followed a final forfeiture order issued by Justice Jude Onwuegbuzie of the Federal Capital Territory High Court in Abuja on December 2, 2024. In April 2025, Emefiele attempted to reclaim the estate through legal action, alleging that the EFCC had withheld information about the forfeiture despite ongoing interactions over other charges. His bid was ultimately rejected by the court.

