Presidential panel sold seven-storey FRCN Lagos building for N100m

The Presidential Implementation Committee on Federal Authorities Landed Property has revealed that it purchased a property located on 45 Martins Avenue in Lagos State, belonging to Federal Radio Firm of Nigeria, to Seamens Retailers Restricted for N100m.

Whereas displaying sooner than an advert hoc committee of the Dwelling of Representatives which is investigating the abandonment of Federal Authorities property all through the nation, Director-Fundamental of the FRCN, Mansur Liman educated the lawmakers that the property was purchased with out the corporate’s info.

Responding to this, the PIC knowledgeable the lawmakers that it has powers to advertise or lease out any property of the Federal Authorities with out prior info of the ministry, division or firm using it.

On the resumed investigative listening to of the house of reps committee, Secretary of the PIC, Bala Sanusi talked about it might be painstaking to inform the entire MDAs of its intention to advertise or lease as over 25,000 properties are under its jurisdiction.

Sanusi revealed that the property which sits on 387 sq. metres of land was purchased as a burnt property in 2010. In keeping with him, it was gutted by fire sooner than the sale and was moreover gutted by fire sooner than it was handed over to the customers in 2019.

When requested if the property was purchased at a give-away worth of N100m because of it was a burnt property, Sanusi talked about he wouldn’t know since he was not the secretary of the PIC when it was purchased.

The PIC Secretary talked about;

“I will inform this gathering that the mandate of this committee is by the President-in-Council. (The Federal Authorities) Council gave us the mandate to lease Federal Authorities property in Nigeria and open air Nigeria.

“We aren’t selling, we’re leasing and after the expiration of the lease, the property will revert once more to the federal authorities. The mandate was initially restricted to Lagos. Nevertheless later, (the) Council expanded the mandate of the committee to totally different states in addition to the FCT. We have been exercising this mandate for a really very long time.”

Chairman of the committee, Ademorin Kuye talked about in response;

“We want a report on all seized belongings from our leaders, notably Abacha, in and out of Nigeria. We now have to know the state of those properties and to moreover know if the properties have titles.”