Seized Properties from Looters to be converted to Offices for Ministries and Agencies

Kemi Adeosun, Nigeria’s Minister of Finance has on Friday stated that the federal government plans to relocate some ministries, agencies and departments to properties recovered from treasury looters.

Mrs. Adeosun made the disclosure to journalists in Abuja after a meeting with the Steering Committee of the Efficiency Unit that the government has seized properties and cash worth billions of naira from corrupt officials.

According to  a report by Premium Times, she said the decision to relocate the agencies to the buildings was to prevent them from wasting away.

“The issuance of price guidelines and initiatives for reducing expenditure on rent on office and residential buildings will be the primary focus areas of the efficiency unit in coming months.

“You may want to know that the average annual expenditure on rent for a three year period of 2012 to 2014 was N3.55 billion.

“And to achieve that, we are already looking at using properties that were forfeited from recoveries and moving some of our agencies to occupy those properties rather than paying rent,’’ she said.