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Ekiti Govt. to recover N1bn housing loans

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Ekiti Govt. to recover N1bn housing loans


The Ekiti government will collect the 1 billion naira debt owed by some of the beneficiaries of the state housing estates.

Governor Kayode Fayemi of Ekiti made this known upon receiving the report of the judicial commission of inquiry into land and related matters in the state.

The governor said the money would be recovered before the end of his second term in October 2022.

“We will reverse the impunity that has characterized land administration in the state.

“We are troubled by the level of corruption, poor record keeping and the lack of transparency that characterize the allocation of land in the state,” he said.

Fayemi ordered the immediate establishment of a ministerial committee to advise the government on how to reform the government apparatus in charge of land administration.

“We are committed to eradicating illegal land transactions in order to strengthen the government’s efforts to reduce poverty and promote economic growth,” he said.

Fayemi revealed that the government was made aware of the existence of large undeveloped plots of land and the lack of ownership registration or proof of payment for some properties in the state housing estates.

He ordered the state government moneys recovery committee to present a formal report to enable the government to take the necessary action.

Ekiti Govt. to recover N1bn housing loans

“As a first step, I accept the recommendation of the commission of inquiry for a comprehensive reform of all agencies responsible for land administration in this state.

“I asked the secretary of the state government to immediately set up a ministerial committee with the mandate to advise the government on practical measures to achieve this goal.

“Allow me also to take this opportunity to formally recognize the work of the Committee on the Collection of Amounts Due to the State Government on the Sale of Land Properties in Public Subdivisions.

“It is simply unacceptable that more than 1 billion naira is owed to the government by the beneficiaries of these properties, the majority of them having simply refused to pay.

“The committee has been tasked with ensuring the full collection of all monies owed to the government,” he said.

NAN reports that the chairman of the commission, Judge Adekunle Adeleye, in his remarks revealed that a total of 43 petitions were received during the commission’s mission.

Adeleye said the commission, through the adoption of an alternative dispute resolution mechanism, was able to determine the final right of the parties in 20 cases.

He said commission members also carried out on-site assessment visits to various locations to verify the veracity of oral testimony presented at the commission’s public hearing. (NAA)

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