Public sale seized 753 duplexes, housing group urges govt

The Housing Growth Advocacy Community has referred to as for the public sale of the 753 duplexes seized by the Financial and Monetary Crimes Fee lately.

In a press release, the group referred to as for the federal government to public sale the properties transparently and channel the proceeds into social housing for Nigerians.

The Government Director of the Housing Growth Advocacy of Nigeria, Festus Adebayo, lauded the choice by Justice Jude Onwuegbuzie as a pivotal second in Nigeria’s struggle in opposition to graft and a step towards addressing the nation’s housing deficit.

He stated, “These properties ought to be auctioned in a clear method, with each naira generated directed towards constructing inexpensive housing for Nigerians who’ve been disadvantaged of such alternatives as a result of corruption and looting of this nature.

“The seized properties, situated on a sprawling 150,500-square-meter property in Abuja’s Lokogoma District, characterize Nigeria’s largest asset forfeiture thus far.”

Adebayo highlighted the vital want for accountability in managing such belongings, warning in opposition to previous cases the place forfeited properties disappeared into opaque processes.

He additionally pressured the significance of regulating Nigeria’s actual property sector to forestall it from being a haven for illicit funds.

He added, “The shortage of scrutiny over large-scale developments funded by questionable sources undermines sincere builders and the housing sector at giant.

“The Federal Ministry of Housing oversees the auctioning course of, making certain that the proceeds are transparently deposited into the Federal Treasury and earmarked solely for social housing initiatives.

“These belongings ought to serve the general public good. Corruption within the housing sector has robbed Nigerians of inexpensive properties, and it is just honest that these properties now contribute to addressing the housing challenges confronted by thousands and thousands.”

He additional famous that the advocacy group remained dedicated to advocating for transparency, fairness, and sustainable improvement in Nigeria’s housing sector.

“The federal government ought to seize this chance to rebuild belief and supply lasting options to the nation’s housing deficit.”