The police have uncovered a cabal operating within
the Presidential Implementation Committee on Sale
of Government Properties who specialise in fleecing
unsuspecting people seeking to buy federal
government properties of millions of naira.
The Police Special Fraud Unit came to a conclusion
that a cabal had been operating under the PIC to
defraud properties buyers while investigating a
petition submitted to the Commissioner of Police in
charge of the Special Fraud Unit by a company,
Multiplication Global Trade Limited,.
The police report into the petition, which was
obtained by our correspondent, details how some
members of staff of the PIC colluded with outsiders
to defraud sitting tenants by denying them their right
to buy the properties contrary to government's laid
down procedures for the sales.
The report stated: "Discreet investigations reveal that
there actually exists a cabal within the PIC whose
modus operandi is described below:
"That as soon as sitting tenants of any government
property expresses interest to buy their flats in
accordance with government policy and the PIC has
profiled such tenants and found them qualified, the
information about such property is immediately
passed to members of this cabal who would
approach the tenants and offer to buy the property
off them at very ridiculous rates, usually between
N10 million and N12 million maximum per flat, with
subtle threats …that either they accept or they shall
be disqualified.
"The tenants are usually informed that they must all
make payments for their respective flats together as
one. Having succeeded in putting sufficient fear in the
tenants, they are now compelled (the tenants) to give
a joint letter of authority to the supposed buyer to
deal exclusively on their behalf with the PIC and pay
on their behalf the offer price. Sometimes, the
tenants are paid even before the offer letter is issued.
"This modus was recently deployed to intimidate the
present occupants of No 6 Ruxton Street, Ikoyi, Lagos
and in the process several high ranking police
officers have been maligned as having interest in the
property."
The report further stated that any member of the
cabal being used for any property without paying a
dime to government purse was allowed to source for
buyers using the offer letter of the PIC and because
the properties were usually in choice areas, buyers
were easy to find.
"And having found a buyer for a price that usually
doubles the government offer price, usually ranging
between N650 million to as much as N900 million for
Ikoyi properties, such buyer is then instructed to
raise drafts in the name of PIC on behalf of each
tenant for the value of the offer price while the
balance goes to the member of the cabal that has
been assigned that property to handle and
consequently shared," the report added.
The police report found some members of staff of
the PIC to have engaged in corrupt practices and
abuse of office.

Source: www.thisdaylive.com/articles/police-uncover-fraud-in-sales-of-government-houses/208397/

Blame Buhari for dis
And also d nigerians dat want change
Change dem no go see

OREMUSSANCTUS:
Blame Buhari for dis
And also d nigerians dat want change
Change dem no go see

Patrick in Spongebob Squarepants would envy you for this comment, if you know what I mean.

omenka:
Patrick in Spongebob Squarepants would envy you for this comment, if you know what I mean.

omenka:
Patrick in Spongebob Squarepants would envy you for this comment, if you know what I mean.

You should know he was just trying to preempt the blame that would come for the usual suspect and thus derail d thread.
There is another one soon to come to your screen today of a rice cabal.Vanguard is d source. Am busy if not would have downloaded the tale.
It used to be one day one scandal,but very soon it maybe one hour,one scandal from the stables of GEJ.

We don't even understand the write up

OREMUSSANCTUS:

Of course I didn't expect you to understand.