₦airaland Forum

The Federal Government of Nigeria plans to sell a large estate recovered from Godwin Ifeanyi Emefiele, a former Governor of the Central Bank of Nigeria, to low and middle-income citizens.

The property consists of 753 houses covering more than 150,000 square metres and was successfully retrieved by the Economic and Financial Crimes Commission (EFCC) in December 2024.

This is the largest single asset recovery ever achieved from the EFCC’s founding in 2003.

On Tuesday 20 May 2025, EFCC Chairman Olanipekun Olukoyede officially handed over the 753-house estate to the Minister of Housing and Urban Development, Ahmed Musa Dangiwa.

While speaking with journalists, the Director of Press and Public Relations at the Ministry of Housing, Badamasi Haiba, said the government will ensure ordinary citizens benefit from the sale, in line with President Bola Tinubu’s Renewed Hope Agenda.


SOURCE
https://x.com/NaijaphiliaBlog/status/1926165136571515160

Lolzz. That's the end of it. Those houses are gone

Lmaooo why not sell than at fair market price

Low/middle income earners indeed.

Pretty sure the houses have been shared among these "low/middle" income earners with each getting at least 20 units.

This announcement is just for the records against the future due to impermanence nature of power.

Abeg getat.

@ how much per unit?

If the amount is reasonable, one can buy and lease it out

helinues:
@ how much per unit?

If the amount is reasonable, one can buy and lease it out

Dey play.
You really think the houses will be sold to low/middle income earners?

I can assure you the houses have been shared among these "low/middle" income earners.

I can also assure you the least these low/middle income earners will get is 5 units each.

I understand how things work in this country.

Richtaiwo:
Dey play.
You really think the houses will be sold to low/middle income earners?

I can assure you the houses have been shared among these "low/middle" income earners.

I can also assure you the least these low/middle income earners will get is 5 units each.

I understand how things work in this country.

Na why you con contradict yourself like this?

helinues:
Na why you con contradict yourself like this?

Read in between the lines. There are some elements of literature in the comment. Take special note of the inverted commas. Low/middle in quote.

Richtaiwo:
Read in between the lines. There are some elements of literature in the comment. Take special note of the inverted commas.

It should have been the so called low income earners with the literature for better understanding

NaijaphiliaBlog:
The Federal Government of Nigeria plans to sell a large estate recovered from Godwin Ifeanyi Emefiele, a former Governor of the Central Bank of Nigeria, to low and middle-income citizens.

The property consists of 753 houses covering more than 150,000 square metres and was successfully retrieved by the Economic and Financial Crimes Commission (EFCC) in December 2024.

This is the largest single asset recovery ever achieved from the EFCC’s founding in 2003.

On Tuesday 20 May 2025, EFCC Chairman Olanipekun Olukoyede officially handed over the 753-house estate to the Minister of Housing and Urban Development, Ahmed Musa Dangiwa.

While speaking with journalists, the Director of Press and Public Relations at the Ministry of Housing, Badamasi Haiba, said the government will ensure ordinary citizens benefit from the sale, in line with President Bola Tinubu’s Renewed Hope Agenda.


SOURCE
https://x.com/NaijaphiliaBlog/status/1926165136571515160

The properties should be sold at the market price

Jokay07:
Lolzz. That's the end of it. Those houses are gone

Very useless people. Next APC members will share it and it will be used for 2027 campaign

helinues:
It should have been the so called low income earners with the literature for better understanding

I'm disappointed in you. What do you think the inverted commas are for?

Richtaiwo:
Low/middle income earners indeed.

Pretty sure the houses have been shared among these "low/middle" income earners with each getting at least 20 units.

This announcement is just for the records against the future due to impermanence nature of power.

Abeg getat.

The best option is for them to sell the property at the market price. If each building worth #100m, it should be sold at #100m.

It will be so unfair if they sell it to their family and friends below the market price

helinues:
Hahahah, I no dey give a hoot about such now

Mtcheeew

So you don't understand the use of inverted commas in a comical way?

Ikaeniyan0:
The best option is for them to sell the property at the market price. If each building worth #100m, it should be sold at #100m.

It will be so unfair if they sell it to their family and friends below the market price

Dey play.

You think they will pay even a dime?

Yes, those houses will certainly find their ways into the hands of average earners, but they will have to buy them from the "big men" and at a highly competitive prices.

The "big men" will get it almost free or at most ridiculously low auction prices.

Make it a Barack for ploce and army

This thread is funny though
Zombies are tearing at each other over English while admitting that their god's government has shared the houses out to cronies
I suspect that 30k alert never enter and sapa is pushing this recalcitrant outbursts

maybe N250K per unit....as pa say na poor men dem de find Upandan

Richtaiwo:
So you don't understand the use of inverted commas in a comical way?

Your shalaye is unnecessary. Take the corrections

Where is this house located in Abuja?

Why don't they rent it and generate yearly revenue instead of selling to strangers they might not even been transparent about.

mrvitalis:
Lmaooo why not sell than at fair market price

Is that a better option than selling to low and middle-income earners?

Ikaeniyan0:
The properties should be sold at the market price

Why?

After all the Yoruba wey Emefiele speak, dem still flog him back tear..

libertyfather:
Make it a Barack for ploce and army

This is a good suggestion.

Macnnoli4:
Why don't they rent it and generate yearly revenue instead of selling to strangers they might not even been transparent about.

Another good suggestion.

This will bring continuous revenue to the government.

Dalohad:
After all the Yoruba wey Emefiele speak, dem still flog him back tear..

How?

Low/middle income earners to buy duplexes? In this present day Nigeria? Something must be wrong with their head

NaijaphiliaBlog:
Is that a better option than selling to low and middle-income earners?

Low income earners would introduce corruption

There would get a chance you can rig the list of low income earners buy it n resale

But if u sale at fair market price.. U can't resale so no point to rig the list