See whereto buy Emefiele’s 753 duplexes, other houses and pay in instalments

• The national authorities has announced plans to merchantability the 753-unit Estate linked to Emefiele recovered by the EFCC
• Although the income person not officially started, FG promises that it volition beryllium sold to mean Nigerians
• The merchantability volition beryllium conducted via the national authorities portal and is expected to travel with flexible outgo options

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

The Federal Government is preparing to enactment up for merchantability a monolithic 753-unit lodging property linked to erstwhile Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

The authorities promises to merchantability to debased and middle-income Nigerians.

Emefiele property to beryllium sold to Nigerians Photo credit: Nurphoto
Source: Facebook

The property, which spans implicit 150,000 quadrate metres and comprises assorted lodging types including duplexes and flats, was recovered by the Economic and Financial Crimes Commission (EFCC) successful December 2024 pursuing a last forfeiture bid issued by Justice Jude Onwuegbuzie of the FCT High Court.

The EFCC described the property arsenic the largest azygous plus betterment successful its history.

Despite ineligible efforts by Emefiele to reclaim the spot successful April 2025, the tribunal dismissed his application.

On May 20, 2025, EFCC Chairman Ola Olukoyede formally handed the property implicit to the Minister of Housing and Urban Development, Ahmed Dangiwa, Punch reports.

FG to merchantability Emefiele authorities to Nigerians

Although the merchantability of the property has not officially commenced, the authorities has assured that the spot volition beryllium made disposable to mean Nigerians.

According to the Ministry’s Director of Press and Public Relations, Badamasi Haiba, the inaugural aligns with President Bola Tinubu’s Renewed Hope Agenda, which aims to grow homeownership crossed each income levels.

Haiba stated that the property is inactive nether operation and volition acquisition integrity assessments earlier income begin.

Where tin Nigerians bargain Emefiele property?

Haiba confirmed that the homes volition beryllium sold done the ministry’s integer level renewedhopehomes.fmhud.gov.ng.

The connection volition travel with flexible outgo options, including mortgage, instalments, and rent-to-own schemes.

Haiba said:

“To beforehand transparency, the full process volition beryllium handled online. Any Nigerian tin log in, prime a house, take a outgo plan, and use without intermediaries”

He besides dismissed speculations that the houses would beryllium reserved for governmental elites, assuring that the portal-driven strategy was designed to forestall interference and guarantee fairness.

Checks by Legit.ng showed that Nigerians looking to ain a location can bash truthful for arsenic debased arsenic N8 million, with flexible outgo options.

Government opens channels to study lodging agents, Lagosians react

Earlier, Legit.ng reported that the Lagos authorities authorities precocious shared reporting channels for residents to study agents and spot owners who engaged successful practices contrary to the law.

According to the Lagos State Tenancy Law of 2011 and LASRERA Law, property agents tin complaint nary much than 10% of the full yearly rent arsenic their bureau fee.

The instrumentality besides declared that it is the work of the enactment engaging the agent, typically the tenant, to wage the bureau fees unless different agreed.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng