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    EFCC sells six forfeited properties at Lagos auction

    David GreatBy David GreatJanuary 10, 2023No Comments2 Mins Read
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    Diezani Alison Madueke Banana Island property seized by the Nigerian government
    FILE: Diezani Alison Madueke Banana Island property forfeited to the Nigerian government
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    Six bidders on Tuesday, January 10, 2023, emerged winners of different properties as the sale of forfeited real estate assets by the Economic and Financial Crimes Commission, EFCC, through sealed bids, entered the second day in Abuja.

    At today’s session, 12 properties in Lot 4, located in highbrow areas of Ikoyi and Lekki peninsular of Lagos were offered for sale through competitive bidding.

    At the end of the exercise, the bid for six properties were successful, while those in respect of the remaining six properties were unsuccessful on grounds of non-compliance with the guidelines or the highest bid falling short of the reserve price.

    Secretary to the EFCC, Dr. George Ekpungu
    Secretary to the EFCC, Dr. George Ekpungu

    The properties listed serially in the Lot as numbers 4, 7, 8, 9 10, and 12 in respect of which no bid was successful, were re-opened to fresh bids until Friday, January 13, 2023, with the exception of the properties listed as numbers 9 and 12, which bid opening are slated for Monday, January 16, 2023.

    • EFCC says N13.1bn bid for Ikoyi property fails, opens Abuja bid

    Over 90 bidders participated in today’s exercise. One of the bid winners, Olaore Adebayo commended the transparency of the exercise. “I want to thank the EFCC for this opportunity.

    “We came here not knowing anybody at the EFCC and I am glad that our efforts were not in vain. I want the EFCC to extend more opportunities like this to the public, so that more people can benefit,” she said.

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    Human rights lawyer Deji Adeyanju speaking as he calls on President Bola Tinubu to declare a state of emergency on Nigeria's housing crisis.

    Adeyanju urges Tinubu to declare state of emergency on housing crisis

    July 28, 2026
    Supreme Court restores David Mark as ADC chairman

    David Mark lauds court reversal of order to deregister ADC

    July 28, 2026
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