Saturday 20 February 2016

HOW FASHOLA DUPED HUNDREDS OF SUBSCRIBERS SHORT-CHANGED IN LAGOS JUBILEE HOUSING SCHEME



CENTTRE OF EXCELLENCE IS SORELY DENTED:       
How Immediate Past Administration Duped Hundreds Of Subscribers Short-Changed in Lagos Jubilee Housing Scheme


Much has been said extolling Babatunde Fashola’s tenure as governor of Lagos State; which, no doubt, informed his 3-barrelled appointment into the Federal Cabinet. While one cannot fault his credential as a legal luminary, I believe his background was not sufficiently scrutinised when he was considered for the Housing portfolio. I believe that what Nigerians need now is an innovator – not an elitist politician – at the helms at the Federal Ministry of Housing. And from his antecedent in housing matters in Lagos, where he held sway for eight years, Fashola is not an innovator, at least, not in this sector. One example clearly shows this.
In 2007 Bola Tinubu, Fashola’s predecessor as governor, initiated the Lagos Jubilee Housing Scheme, which was acclaimed for its realistic pricing of houses the state government intended to build; and hailed for the terms of payment to subscribers. The houses were in three categories: 2-bedroom apartments at N2.5 million each; bigger 2-bedroom apartments at N3.5 million each; and 3-bedroom apartments at N5 million each. The government even offered to broker a mortgage arrangement, whereby subscribers could, after paying a substantial deposit, spread the remainder over periods ranging from five to 10 years. Evidently the costs were not cheap nine years ago, but were deemed realistic.
The scheme progressed smoothly – houses were being built at Egan/Igando and other locations, while the eager subscribers were dutiful in the remittance of their monthly dues. That continued even after the mantle of leadership passed from Tinubu to Fashola. Some subscribers had even paid in full for their specified houses, awaiting the state government to  make the allotment to them. But in 2010, the programme stalled. The worried subscribers complained but Fashola’s explanation for the delay was that he had ordered the builders to improve on the quality of the buildings. Meanwhile, hundreds of subscribers, who had paid money ranging from N1 million to N5 million, trusting Fashola, expected to get delivery of the houses. The wait was to linger for three more years; till mid-2013. What they got however, was a shocker: the scheme had been scrapped and the money already paid would be refunded to subscribers who could produce receipts to validate their payments. But worse was still to come.
After a series of receipt-verification exercises, held at venues where hundreds of subscribers were treated shabbily by snotty government staff and had to waste the entire day on such dates, another wait was ordered. Meanwhile, Fashola was busy launching his elitist Home Ownership Scheme (HOMS), where houses were priced at N8.5 million. This was without settling the lingering problem of those who had yet to be repaid the money deposited for the Jubilee Scheme.
   Suffice it to say that till date, many are yet to be refunded. And the Lagos Building Investment Corporation (LBIC), which was charged with overseeing the project, was scrapped by Fashola before leaving office. The Lagos State Ministry of Housing, apparently cannot be absolved of complicity in a grand plan to short-change the subscribers. According to an aggrieved subscriber who is yet to be refunded, the Ministry officials demanded him, and others who did not have the connections in high places to have been paid, to submit the receipts so that payment vouchers could be drawn for them. That was over three months ago, yet there is no hint that effort is being made to repay them.
What is most saddening, one of the ‘duped’ subscribers who is still being owed over N1 million lamented, is that even the Ministry officials mock them for falling victim of Fashola’s plot to discredit Tinubu’s good intentions. Could Fashola have been so vindictive to have punished hundreds just to spite his predecessor in office. It is hard to rationalise, but having waited in vain for six after the scheme was scrapped, it is seeming to hold some truth.
One of the subscribers, when questioned, said it is trite to say the credibility and honour of the Centre of Excellence is sorely dented by the duplicity employed by the immediate past administration, and called on Governor Akinwunmi Ambode to restore its integrity by investigating the matter and promptly refunding the money paid to the Lagos Building Investment Corporation (LBIC). After all, he noted, if the money had been deposited in a bank it would have attracted a handsome interest.
Over to you, Ambode.

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