Bawa reveals when EFCC’ll auction forfeited real estate

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The Chairman, Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has revealed when the process of sale of forfeited properties comprising 160 flats and apartments in 16 locations across the country will commence.

Bawa made the disclosure today while giving account of the agency’s activities at the 62nd session of the State House Media Briefing organized by the Presidential Communications Team at Aso Rock Villa, Abuja.

Recall that the commission recently completed the public auction of over 649 vehicles forfeited to the Federal Government.

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Though he did not state the exact date for the exercise, the EFCC boss however disclosed that, unlike the public auction of vehicles, some occupants of some of the properties including agencies of government, would be given right of first refusal in the sale.

Bawa, who highlighted the various reforms, innovations and corruption prevention programmes executed in the EFCC since he assumed leadership of the commission, disclosed that the EFCC recorded an unprecedented 3,615 convictions between January and December 9, 2022, which surpassed the 2,220 convictions recorded in 2021.

In the same vein, he disclosed that by the end of October this year, the EFCC recorded over N134billion and $121million in monetary recovery.

This he said excluded the N354billion it recovered from an oil company in unpaid royalties.

He attributed the feat to the commitment of staff, and the support of both the government and the judiciary.

It was the second time the EFCC boss would feature in the programme, having first appeared in the 11th edition of the series.

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