A retired judge of the Federal High Court, Justice Taiwo Taiwo, has urged the federal government to repurpose houses seized from former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, as housing for the poor and underprivileged, instead of selling them to private individuals.
Speaking at the 16th Annual Lecture of the National Association of Judiciary Correspondents (NAJUC), Lagos chapter, Justice Taiwo criticised the federal government’s approach to asset recovery in corruption cases, lamenting what he described as a culture of impunity and selective justice in the system.
“I like what I read about the handing over of some houses. But for me, rather than selling them to members of the public, they should be used to house the underprivileged and the poor. That’s what those houses should be for,” he said.
Justice Taiwo also questioned the rationale behind allowing convicted individuals to retain parts of their loot. “Why should you retain money? What is ₦20 million? I don’t have ₦20 million in my account,” he said, expressing frustration at the leniency often shown to perpetrators of financial crimes.
He noted that Nigeria’s justice system frequently allows corrupt individuals to escape full accountability. “It’s as if you can just do anything and get away with it. A lot of things have been swept under the carpet,” he added.
Also speaking at the event, Michael Nzekwe, Chief of Staff to the Chairman of the Economic and Financial Crimes Commission (EFCC), clarified that while the commission is responsible for investigating and recovering proceeds of crime, it does not control the final use of forfeited assets.
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“We have recovered the houses. We investigated the cases, took them to court, and they have been forfeited to the federal government, not to the EFCC. That is why the EFCC handed them over to the federal government, on whose behalf they were recovered,” Nzekwe explained
He further assured the public that the EFCC would continue to monitor the use of recovered assets. “We will monitor how these funds are used so that they are not re-looted, and so that they don’t go into the wrong hands again,” he said.
Nzekwe praised the judiciary’s cooperation, stating that courts at both the federal and state levels have been supportive in prosecuting financial crimes. “There are designated judges for EFCC cases, and we have seen accelerated hearings and good responses,” he said.




