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National Assembly members to acquire N50million flats in Abuja

The Members of the National Assembly are reportedly subscribing to a mortgage facility, that will see each lawmaker pay N2.5million every month. According to the Punch, the Reps are purchasing the flats in an estate close to Apo Legislative Quarters in Abuja at N50 million each.

Payment for each unit will be spread over 20 months.
It is believed that discussions about the mortgage facility, was held behind closed doors at the resumption of plenary on April 4, 2017.
“An estate developer brought the idea, believing that payment for the facility will be secure, being that members of the National Assembly will have regular income during the two-year payment period. It is a smart move for the developer,” a senator who was at the meeting said.
“The Chairman of Senate Services Committee, Ibrahim Gobir, announced that some estate developers wanted to sell housing units and those interested would pay in installment.
“You will put your name down if you are interested and N2.5m installment will be deducted from your account monthly for 20 months. It is more like the federal mortgage facility.”
On former Governors, he said: “The former Governors have their houses in Maitama, what will they do with mortgage facility? But I know those who applied for two units – about five of them – and N5m will be deducted from their accounts every month.
“Also, it is like savings for those who want to invest in it. Even if they do not subscribe to the service, they will eventually spend the money before the month ends. Sometimes, if you don’t have the money to spend, you will manage yourself. I just put down my name to show that.”
When asked about the mortgage facility, the Chairman, Senate Committee on Media and Public Affairs, Senator Sabi Abdullahi, replied: “I don’t know anything about it.”