Some beneficiaries of the Nasarawa State 500 Housing Units along Lafia-Doma road in Lafia Local Government Area have threatened to sue Federal Mortgage Bank of Nigeria (FMBN) over discrepancies in the payment of the mortgages for the houses.
The beneficiaries, under the aegis of Association of Occupants of 500 Housing Units, made their position known to newsmen in Lafia on Wednesday (September 11, 2019).
The 500 housing units is an initiative of the Nasarawa State Government in partnership with a property developer, Chipa Nigeria Limited for the construction of affordable housing for people of the state with priority to civil and public servants.
the Memorandum of Understanding signed by both parties, the houses are to be mortgaged at N2.9 million for two bedroom and N4 million for three bedroom semi detached houses payable for a period of up to 25 years through monthly deductions from salaries of beneficiaries.
The MoU for the construction of the houses was signed in July, 2008 by both parties and upon completion and inauguration of the project, houses were disbursed to beneficiaries on the agreed terms and conditions.
Speaking on behalf of the group, Mr Elias Kigbu, Secretary of the group and one of the beneficiaries, Mr Mohammed.
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