The Independent Commission to Combat Corruption and Related Offenses (ICPC) last weekend said it had recovered AED 53 billion from a developer for the Federal Mortgage Bank of Nigeria (FMBN).
Its chairman, Professor Bolaji Ovasanoye, who made the announcement during a meeting with the House of Representatives Special Committee to Investigate Developers’ Operations in the Federal Capital (FCT), explained that the developer took the money without providing a home to subscribers. …
He promised that the anti-bribery agency will continue to pursue the fraudulent developers.
ICPC spokesman Azuka Ogugua, in a statement yesterday, quoted Ovasanoe lamenting the country’s growing housing shortage, noting that “unscrupulous developers at FCT took advantage of desperate government officials to defraud their hard-earned money. name of housing projects “.
Ovasanoi said his organization would like to work with the commission to clean up the sector.
The chairman of the committee, Blessing Onoch, denounced widespread cases of developers defrauding would-be homeowners on the land.