Federal Government planning to use seized properties as offices

According to news report, the Federal Government is planning to
use some properties seized from looters as offices in a bid to reduce
the high rent they pay for office buildings by government agencies.
Minister of Finance, Kemi Adeosun, disclosed this yesterday June
10th at the opening of a meeting with members of the National
Steering Committee of the Efficiency Unit.

The Federal Government since May 29, 2015 have seized over 350
buildings through the Independent Corrupt Practices and Other
Related Offenses Commission, ICPC, and the Eonomic and Financial
Crimes Commission, EFCC.

“The average annual expenditure on rent for the three year
period 2012 to 2014 was N3.55bn. The issuance of price
guidelines and initiatives for reducing expenditure on rent
on office and residential buildings will be the primary focus
in the coming months. 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.”