• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Features ICPC Recovers N53bn from Real Estate Developer for FMBN
  • Features
  • Security

ICPC Recovers N53bn from Real Estate Developer for FMBN

By
Azuka Ogugua
-
August 29, 2021
ICPC
ICPC Logo

ICPC Recovers N53bn from Real Estate Developer for FMBN

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has recovered N53 billion from a real estate developer for the Federal Mortgage Bank of Nigeria (FMBN).

Chairman of ICPC, Prof. Bolaji Owasanoye who made the disclosure during a meeting with the House of Representatives Ad-hoc Committee Investigating the Operations of Real Estate Developers in FCT, said that the developer took the money without providing houses for its subscribers.

He stressed that the Commission will always deploy its mandates against developers who took public funds with the promise to provide houses for public or civil servants without doing so.

Prof. Owasanoye also lamented the rising housing deficit in the country noting that unscrupulous real estate developers in the Federal Capital Territory took advantage of desperate civil servants to scam them of their hard-earned money in the name of housing projects.

Read Also:

  • Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
  • How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram
  • Nigerian Army Denies Losing Weapons to Bandits in Kwara Operation

He said that the Commission was desirous of partnering with the ad-hoc committee to bring sanity to the housing sector because of its critical nature to the government.
He told the committee that one of the ways to tackle housing deficit and fraudulent real estate developers in the country was for government to completely deploy technology as well as grant easy access to information.

He said, “The lack of openness is also creating problems. Government should at least put information in the public domain where people can easily verify details of land. A lot of people are scammed from fake layout, double allocations and others.”

Earlier, the Chairman of the Ad-hoc Committee, Hon. Blessing Onoh, observed that cases of developers defrauding would-be house owners was becoming rampant.
Onoh maintained that it was common for real estate developers to start projects, later abandon them and move on to other cites after collecting monies from subscribers.

She said that the committee was set up to proffer solutions to the anomalies and ensure that Nigerians who subscribed to housing projects end up owning them in accordance with the terms of agreement they entered.

Signed: Mrs. Azuka Ogugua
Spokesperson, ICPC

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • FMBN
  • ICPC
  • Real Estate Developer
Previous articleZamfara Bans Weekly Market, Firewood as Police Impose other Security Measures
Next articlePrison Decongestion: 31 Inmates Released in Kano
Azuka Ogugua
Azuka Ogugua
Xing

RELATED ARTICLESMORE FROM AUTHOR

Bandit hideout destroyed by troops

Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa

How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram

Nigerian Army

Nigerian Army Denies Losing Weapons to Bandits in Kwara Operation

NDLEA Logo

NDLEA Dismantles Cocaine Cartels Behind UK Shipments, Arrests Suspects, Destroys 25,000kg Skunk Nationwide

Troops Neutralise Terrorists, Repel Boko Haram Attack in Borno

GWA Award Winners 2025

PHOTOS: Nigeria Customs, IMPR Bag Back-to-Back Golden World Award at IPRA 70th Anniversary

Troops Nab Terrorists’ Logistics, Drug Suppliers in Borno

Christian Genocide and the Conspiracy against Nigeria By Femi Fani-Kayode

We Arrested 450 Terrorists, Rescued 180 Abducted Victims in One Month – Military

Over 100 Jerrycans of Petrol Seized as Police Foil Smuggling to Niger Republic

NAFDAC Seals Chinese Supermarkets, Cosmetics Shops in Abuja

NSCDC Mining marshals

Mining Marshals Arrests 5 Illegal Miners in Niger, Seize Logistics

Recent Posts

  • Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
  • How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram
  • Nigerian Army Denies Losing Weapons to Bandits in Kwara Operation
  • Uba Sani Releases ₦2.3bn for Retirees and Families of Deceased Workers
  • Group Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage Cost
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Army Dislodges Bandits in Taraba Forests Under Operation Lafiya NakowaHow Irabor's Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko HaramNigerian Army Denies Losing Weapons to Bandits in Kwara OperationUba Sani Releases ₦2.3bn for Retirees and Families of Deceased WorkersGroup Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage CostNDLEA Dismantles Cocaine Cartels Behind UK Shipments, Arrests Suspects, Destroys 25,000kg Skunk NationwideKano Gov't Investigates Alleged Diversion of N4bn Dala Inland Dry Port FundsACF Warns of Alleged Plot to Cripple Dangote Refinery, Urges FG InterventionTroops Neutralise Terrorists, Repel Boko Haram Attack in BornoPHOTOS: Nigeria Customs, IMPR Bag Back-to-Back Golden World Award at IPRA 70th AnniversaryTroops Nab Terrorists’ Logistics, Drug Suppliers in BornoS/Arabia-Trained Graduates to Begin Forum on Sustainable DevelopmentChristian Genocide and the Conspiracy against Nigeria By Femi Fani-KayodeWe Arrested 450 Terrorists, Rescued 180 Abducted Victims in One Month - MilitaryOver 100 Jerrycans of Petrol Seized as Police Foil Smuggling to Niger Republic
X whatsapp