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Home Business News

Lagos says defaulting allottees of housing schemes in Lekki, Ikeja, others to lose houses

Chike Olisah by Chike Olisah
August 20, 2020
in Business News
Lagos says defaulting allottees of housing schemes in Lekki, Ikeja, others to lose houses, real estate, Proposed NHF Law takes a twist, as top Nigerian experts differ on its impact, Richard Olodu, affordable homes 
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The Lagos State Government has asked allottees of the various public housing estates who are yet to complete the payments on their allocated homes to do so or forfeit their rights over the housing units as stipulated in their letters of allocation.

This charge was made by the Permanent Secretary, Ministry of Housing, Mr Wasiu Akewusola while inspecting ongoing constructions of housing schemes in the Sangotedo and Epe axis of the state.

He stated that the notice was particularly directed at those who bought homes under the outright sales arrangements.

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“Government’s revenue has been greatly affected by defaulters in some of our existing estates. Many have failed to pay up their outstanding in spite of government’s magnanimity in extending the period of grace beyond the statutory 90 days.

“This would serve as a final appeal to all defaulters at Mobolaji Johnson Estate, Lekki; Baba Omojola Housing Estate, Gbagada; Shasha Millennium Housing Estate, Shasha; Emeka Anyaoku Housing, GRA Ikeja; Ibeshe Millennium Housing, Ibeshe; Oke-Eletu Housing, Oke-Eletu and Ojokoro Housing Estate, Ojokoro, who have failed to respond to several entreaties by the government,’’ he said.

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The Permanent Secretary pointed out that offer letters for those housing units were issued to the beneficiaries only after they had consented to the terms and conditions given by the State Government, which included the forfeiture of homes in case of incomplete payments at an agreed date.

He, therefore, urged those concerned to ensure that full payment is made with bank drafts after due clearance and bills have been obtained from the Estate Department, Ministry of Housing. He also added that the bill must be issued before the lodgment of the bank drafts to the designated banks.

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Akewusola announced that a task force from the Ministry would soon visit the defaulters with the aim of recovering the debts of housing units as the case may be. He also implored the beneficiaries of State Housing Estates who are yet to receive Letters of Confirmation/Deed of Sub-Lease from the Ministry or completed their payments to visit the Estate Department in the Ministry of Housing, Alausa for verification of the status of their allocations.

While charging the affected allottees to support government efforts by paying up, Akewusola also used the opportunity to reiterate the government’s commitment towards providing the citizens access to affordable and quality homes.

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Lagos State Government has called on the allottees of the various public housing Estates who are yet complete the payments on their allocated homes to do so or forfeit the rights over the housing unit as stipulated in their letters of allocation.@jidesanwoolu @housing_LASG #LASG pic.twitter.com/wGf5kKxPgq

— The Lagos State Govt (@followlasg) August 18, 2020


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Tags: Lagos State GovernmentWasiu Akewusola
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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