In a bold and people-centered move, the House of Representatives has called for the allocation of the estate allegedly linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to low-income earners and internally displaced persons (IDPs).
Lawmakers argued that instead of allowing the forfeited property to lie idle or fall into the hands of the privileged few, it should be repurposed to address the nation’s growing housing challenges particularly for vulnerable groups and struggling families.
According to the House, channeling such confiscated assets into social welfare programs would demonstrate the government’s commitment to transparency, equity, and justice. Members emphasized that the move would also support national rehabilitation efforts for internally displaced persons affected by insecurity and natural disasters across the country.
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The proposal, if adopted, would mark a significant shift in Nigeria’s asset management policy, ensuring that recovered or forfeited properties serve the public good rather than private interests.
Observers say this initiative could set a new precedent for the management of confiscated assets linked to corruption cases, aligning with ongoing reforms to strengthen accountability and social impact.