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Presidential Panel Auctions Seven-Storey FRCN Lagos Building For N100m


According to the Presidential Implementation Committee on Federal Government Landed Property, it has the authority to sell or lease any Federal Government property without the knowledge of the ministry, department, or agency that uses it.

The PIC informed an ad hoc committee of the House of Representatives, which is looking into the federal government’s abandonment of land across the country.

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Bala Sanusi, the PIC Secretary, stated at the committee’s resumed investigative hearing that notifying all MDAs of the presidential panel’s plan to sell or lease out the over 25,000 properties handed over to it would be inconvenient.

Sanusi said this in response to concerns over the sale of a property owned by the Federal Radio Corporation of Nigeria to Seamens Traders Limited for N100 million on 45 Martins Street in Lagos State.

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The land was sold without the FRCN’s knowledge, according to Mansur Liman, the Director-General of the FRCN, who also appeared before the committee.

Sanusi, on the other hand, informed the committee that the six-story structure, which sits on 387 square meters of land, was sold as a burnt property in 2010, and that it had been gutted by fire before the sale and again before being handed over to the buyers in 2019.

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When the lawmakers asked if the property was sold for N100m because it was a burnt property, the PIC scribe backtracked, claiming he couldn’t say if it was burned or not because he wasn’t the secretary of the PIC at the time it was sold.

“I will inform this gathering that the President-in-Council has mandated this committee,” Sanusi stated.
We were given the authority to lease Federal Government property in Nigeria and abroad by the Federal Executive Council.

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“We are not selling; we are leasing, and the property will revert to the government when the lease expires.
Initially, the mandate was limited to Lagos.
However, (the) Council later increased the committee’s scope to include all states except the FCT.
We’ve been carrying out this mandate for quite some time.”

 

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“We demand a report on all seized assets from our leaders, particularly Abacha, in and out of Nigeria,” the committee’s chairman, Ademorin Kuye, stated.

We need to know the condition of such properties, as well as whether or not they have titles.”

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