THE police have unearthed a massive fraud
allegedly being perpetrated by officials of the
Presidential Implementation Committee (PIC) on
Sale of Government Properties.


They reportedly utilise phony companies to
defraud members of the public interested in
buying any Federal Government property being
offered for sale.

A team of investigators at the Police Special
Fraud Unit (SFU), Lagos made the discovery
while investigating a petition by a company,
Multiplication Global Trade Limited.

The investigators, in a report, a copy of which
The Nation sighted yesterday, revealed how
some officials of the PIC, working with some
cronies outside the committee, defraud tenants
by denying them the right to buy such houses,
contrary to the government’s laid down
procedure for selling the property. They then
offer the houses for sale to members of the
public at inflated prices.

They said the method was recently deployed in
relation to the sale of the property identified as
No 6, Ruxton Street and No 3, Rumens Road
(both in Ikoyi), Lagos.

The investigators stated that their “discreet
investigations reveal that there actually exists a
cabal within the PIC, whose modus operandi” is
described below.

“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 make
offers to buy the property off their interests at
very ridiculous rates, usually between N10
million and N12 million maximum per flat, with
subtle threats and intimidation that either they
accept or they shall be disqualified.

“The tenants are usually informed that they
must all make payments for their respective...

CONTINUE HERE : www.beriahng.com/2015/05/police-discover-fraud-in-sales-of-fed.html

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