Saturday, 11 June 2016


The minister of Finance, Kemi Adeosun, has said that the Federal Government plans to relocate some of its Ministries, Agencies and Departments (MDAs) into some properties recovered looters.

Adeosun stated this yesterday in Abuja while briefing journalists after the Steering Committee of the Efficiency Unit meeting.

The federal government recently disclosed that it has in the last one year, seized billions of naira in cash and properties from corrupt public officials.

According to Adeosun, the move to relocate the agencies was to reduce waste since the properties were empty. She said, “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.

Speaking further, she added, “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.”

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