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EFCC to Auction Forfeited Real Estate Soon – Bawa

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Following the success of its recent public auction of over 649 vehicles, the Economic and Financial Crimes Commission, EFCC, will soon commence the process of the sale of forfeited properties comprising 160 flats and apartments in 16 locations across the country.

The Commission’s Chairman, Abdulrasheed Bawa disclosed this today, Thursday, December 15, 2022, while giving an account of the Agency’s activities at the 62nd session of the State House Media Briefing organized by the Presidential Communications Team at Aso Rock Villa, Abuja.

Though he did not state the exact date for the exercise, the EFCC boss, however, disclosed that, unlike the public auction of vehicles, some occupants of some of the properties including agencies of government, would be given the right of first refusal in the sale.

Bawa, who highlighted the various reforms, innovations, and corruption prevention programs executed in the EFCC since he assumed leadership of the Commission, disclosed that the Commission recorded an unprecedented 3615 convictions between January and December 9, 2022, which surpasses the equally impressive 2220 convictions posted in 2021.

In the same vein, he disclosed that by the end of October this year, the EFCC recorded over N134 billion and $121 million in monetary recovery. This he said excluded the N354 billion it recovered from an oil company in unpaid royalties.

He attributed the feat to the commitment of staff and the support of both the government and the judiciary.

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