Housing Project

Mass housing: FG moves to recover lost revenue, check fraud

Mass housing developers in the Federal Capital Territory who failed to comply with the statutory requirements for their development or defaulted in payments would soon face the long arm of the law.

The chairman, Special Presidential Investigation Panel for Recovery of Public Property, Chief Okoi Obono-Obla, gave this indication yesterday in Abuja when he visited the FCT minister Muhammad Musa Bello.

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According to him, out of the over 300 beneficiaries of mass housing land in the FCT, only 64 developers have completed and signed lease agreement, while a whopping 79 percent have failed to comply with statutory requirements and payments.

He said the total fees collected so far, amounting to N1.08bn, falls short of what should have been realized by the FCT Administration.

He said the panel was constituted in August 2017 by the Federal Government of Nigeria with a mandate to investigate the assets of private persons and public officers perceived to have engaged in corrupt practices, or in any way breached the provision of the Code of Conduct.

Obono-Obla said the panel is ready to collaborate with the FCT Administration to recover public funds from the developers who have by their acts of non-compliance to extant regulations and statutory requirements, committed acts of economic adversity.

Responding, the FCT Minister, Muhammad Musa Bello, stressed that it was good that the panel has zeroed on land administration and by extension, mass housing, with respect to investigating what has gone wrong as well as moving to recover  revenues that have been lost or under collected.

He said the FCTA needs every kobo that is due to it, whether uncollected or collected but not remitted, to make funds available for infrastructure development of the FCT, in line with the directive of President Muhammadu Buhari.

Source: Malikatu Umar Shuaibu

 

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