FG budgets N1.83 billion to transform EFCC forfeited properties into state home quarters 

The Federal Authorities has proposed spending N1.83 billion within the 2025 price range to transform properties forfeited from the Financial and Monetary Crimes Fee (EFCC) into State Home quarters in Abuja.

In response to the proposed 2025 price range, an allocation of N1,830,783,061 has been made for the acquisition, renovation, and rehabilitation of those forfeited properties to function residential quarters for the State Home.

The price range additionally contains N120.28 million for renovation works on the State Home safety quarters.

N5.49 billion for upkeep of presidential villa

Nairametrics additional noticed that N5.49 billion has been allotted for the annual upkeep of the presidential villa, highlighting the numerous assets earmarked for the maintenance of the nation’s seat of energy.

• Additionally, beneath the president’s part of the price range, N6.39 million has been allotted for the renovation of the president’s quarters on the State Home in Abuja. N49.04 million has been put aside for the renovation of assorted services, together with safety quarters, the State Home auditorium, the gymnasium, and the presidential aides’ quarters situated alongside Ibrahim Taiwo Avenue in Asokoro, Abuja.
• For the vice chairman, the price range allocates N466.86 million for the renovation of the official vice chairman’s quarters on the State Home in Abuja. Additionally, N298.39 million is budgeted for the renovation of the vice chairman’s visitor home in Asokoro, reflecting substantial investments in these services.
• The State Home Lagos Liaison Workplace additionally options within the price range, with N14.72 million allotted for the routine upkeep of its services. These embrace Dodan Barracks and the vice chairman’s visitor homes in Ikoyi. Furthermore, N140.10 million has been allotted for the completion of renovation and furnishing of the State Home annex situated at Dodan Barracks, Lagos.
• An evaluation of the proposed price range reveals that at least N8.42 billion shall be spent on renovating homes for the president, vice chairman, their aides, and different State Home employees members in 2025.

This substantial allocation for renovations and upkeep comes amidst ongoing public debates over authorities expenditure priorities, particularly because the nation grapples with financial challenges.

What you must know

Nairametrics earlier reported that the Financial and Monetary Crimes Fee (EFCC) achieved its largest asset restoration thus far with the ultimate forfeiture of a 150,500-square-meter property in Abuja, containing 753 duplexes and different residences.

• The assertion from the fee on its official X web page revealed that the property is linked to a former high-ranking authorities official, who’s presently beneath investigation by the EFCC.
• The ruling, delivered by Justice Jude Onwuegbuzie on December 2, 2024, follows a profitable utility for the ultimate forfeiture of the property, situated on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja
• Justice Onwuegbuzie disclosed the respondent didn’t justify retaining the property, which is suspected to have been acquired by way of illegal actions.
• The forfeiture was made beneath the fee’s mandate to make sure that people engaged in corruption and fraudulent actions are disadvantaged of the proceeds of their crimes.

The ruling relied on Part 17 of the Advance Price Fraud and Different Fraud Associated Offences Act No. 14, 2006, and Part 44(2) B of the 1999 Structure.