BEVERLY HILLS, June 10, (THEWILL) – The Federal Government has announced its intention to relocate some of its offices into buildings recovered from alleged looters as a way of reducing the money spent on rent
The government had stated that 183 buildings are among assets recovered from past government officials. Detail from the ministry of information show that 146 buildings were recovered by the Economic and Financial Crimes Commission, EFCC, 33 by the Independent Corrupt Practices and other related Offences Commission, ICPC, and four by the Office of the National Security Adviser.
Speaking at a press conference on Friday, the Minister of Finance, Mrs. Kemi Adeosun disclosed that the average annual expenditure on rent for a three year period of 2012 to 2014 was N3.55 billion, adding that the move to relocate the agencies was to reduce waste since the properties were empty.
According to her, “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.”
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