Nigeria's EFCC Seizes Largest Asset Estate, Allegedly Linked to Corruption

World News News

Nigeria's EFCC Seizes Largest Asset Estate, Allegedly Linked to Corruption
Economic And Financial Crimes CommissionNigeriaAsset Seizure
  • 📰 BBCAfrica
  • ⏱ Reading Time:
  • 11 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 61%

The Economic and Financial Crimes Commission (EFCC) in Nigeria has confiscated a housing estate with over 750 properties in Abuja, suspected to be the largest seizure of assets in the agency's history. The estate is believed to be owned by a former high-ranking official and purchased through corrupt means. This action underscores the ongoing battle against corruption in Nigeria.

Nigeria 's Economic and Financial Crimes Commission (EFCC) has made its largest seizure of assets to date, confiscating a housing estate with more than 750 properties in Abuja . The properties, believed to be owned by a former high-ranking government official, were allegedly purchased using the proceeds of corruption. The EFCC was established in 2003 to combat corruption in Nigeria , where it is seen as a pervasive issue.

A property expert estimates that the assets are worth tens of millions of dollars. The country continues to struggle with corruption, despite promises from successive governments to address it

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCAfrica /  🏆 23. in ZA

Economic And Financial Crimes Commission Nigeria Asset Seizure Corruption Abuja

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria: Reeling Back Nigeria's Hunger EmergencyNigeria: Reeling Back Nigeria's Hunger EmergencyWFP and partners call for collective action to prevent catastrophic food insecurity in Africa's most populous country
Read more »

Sheriff seizes R18m of Road Accident Fund’s assetsSheriff seizes R18m of Road Accident Fund’s assetsThe RAF has faced several incidents in which the sheriff seized its assets to acquire the funds that it owed road accident victims.
Read more »

Xi seizes role as global defender of free trade against TrumpXi seizes role as global defender of free trade against TrumpChina's Xi Jinping is wasting no time in positioning himself as the premier defender of the international trading system.
Read more »

David Lammy: Slavery reparations not about transfer of cashDavid Lammy: Slavery reparations not about transfer of cashSpeaking in Nigeria, the UK foreign secretary said he wanted Britain to develop relations with Africa.
Read more »

Nigeria rights body finds 'no evidence' of secret mass abortions - SABC NewsNigeria rights body finds 'no evidence' of secret mass abortions - SABC NewsNigeria's human rights commission finds no evidence that military conducted secret mass abortions.
Read more »

Nigeria Seeks South Africa's Support for G20 MembershipNigeria Seeks South Africa's Support for G20 MembershipNigeria has requested South Africa's assistance in joining the BRICS group and G20, as stated by Nigeria's Foreign Affairs Minister Bianca Odumegwu-Ojukwu. She emphasized Nigeria's desire for South Africa's support to become a full member of the G20 and take leading roles in thematic discussions under South Africa's G20 leadership.
Read more »



Render Time: 2025-02-15 04:17:24