The Economic and Financial Crimes Commission (EFCC) has achieved a landmark asset recovery with the seizure of 753 duplexes and other properties in an Abuja estate. This operation is considered one of the most significant in the fight against corruption and asset mismanagement in Nigeria. The properties, located in prime areas of the capital, are believed to have been acquired through illicit funds.
The recovered assets are part of the EFCC’s broader efforts to crack down on financial crimes and reclaim public wealth misappropriated by individuals and organisations. The agency has intensified its investigations and enforcement activities to ensure accountability and transparency in Nigeria’s financial system.
This recovery reinforces the EFCC’s mandate to deter corruption and promote good governance. The commission is expected to auction the seized properties, with proceeds directed towards national development projects. This milestone underscores the importance of institutional commitment to addressing corruption in Nigeria.
