EFCC Transfers 753 Housing Units Recovered from Ex-CBN Governor to Federal Ministry

The Economic and Financial Crimes Commission (EFCC) has officially handed over 753 housing units recovered from a former Governor of the Central Bank of Nigeria (CBN) to the Federal Ministry of Housing and Urban Development.

Key Details of the Handover

The properties, seized as part of an anti-corruption investigation, were formally transferred to the ministry in a ceremony attended by EFCC officials and government representatives. The move underscores the commission’s commitment to asset recovery and the government’s efforts to repurpose recovered properties for public benefit.

Significance of the Recovery

This substantial property handover represents one of the largest asset recoveries in recent EFCC operations. The housing units are expected to be utilized to address the nation’s housing deficit and potentially provide affordable accommodation options for citizens.

The EFCC continues its investigations into financial crimes while ensuring recovered assets are properly documented and transferred to appropriate government agencies for public use.

Source: The Nation Newspaper