The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has handed over recovered land for the Goodluck Jonathan Estate in Abuja’s Kaba District to the Federal Mortgage Bank of Nigeria (FMBN), clearing the way for work to resume on a 962-unit housing project that has remained unfinished for years.
The transfer was carried out on Tuesday by ICPC Chairman Musa Aliyu, who presented the property to FMBN Managing Director and Chief Executive, Shehu Osidi, in the presence of officials from both agencies.
Aliyu explained that the housing project began in 2012 and was funded with a $65 million loan obtained by Good Earth Power Nigeria Limited in partnership with a United States-based company. The plan was to build 962 homes on about 27.92 hectares of land in the Kaba District.
However, investigations by the anti-corruption commission showed that the loan was allegedly misused and the houses were never built. He also alleged that part of the money was converted through bureaux de change before being moved out of the country.
He said the ICPC took both civil and criminal legal action over the case. While the civil proceedings have been completed, the criminal case is still ongoing.
Aliyu also revealed that on December 11, 2025, Justice M. G. Umar of the Federal High Court in Abuja ordered the permanent forfeiture of two plots of land in Cadastral Zone D12, Kaba District, after ruling that they were proceeds of unlawful activities.
The judge further directed the ICPC to hand over the recovered land to FMBN, recognising the bank as the victim. The court also instructed both organisations to jointly supervise the construction of the 962 housing units and ensure the completed homes are allocated to the rightful beneficiaries.
To ensure proper oversight, the court approved the establishment of a joint committee made up of representatives from the ICPC and FMBN to monitor the project’s implementation.
