National Housing Programme: FG Gives Allottees 8 Weeks To Complete Payment

The federal government has given the first batch of allottees of the National Housing Programme (NHP) eight weeks to complete their payments or forfeit their allocations. Marcus Ogunbiyi, the Ministry of Housing and Urban Development’s permanent secretary, disclosed this in a statement on Monday......Read The Full Article>>.....Read The Full Article>>

In the statement, Mr Ogunbiyi stressed that their allocations would be revoked if the qualified subscribers failed to meet the eight-week ultimatum.

Mr Ogunbiyi recalled that issuing the first batch offer of provisional allocation to the outright subscribers of houses under the NHP began in April.

He said the issuance was sequel to the review of the conditions and procedures for the sales of the houses under the NHP, which was conveyed to the allottees on December 29, 2023, via a circular referenced number DPBH/645/1/43.

“A number of outright payment subscribers have completed their payments, while some have started making deposit payments but have yet to complete their payments. By this information, the ministry is informing all the first batch outright subscribers who are yet to complete their payments for the houses offered to them, a grace of eight weeks.

“They are advised to complete all payments within that time. Any subscriber who fails to complete payment within the eight weeks grace period will have the offer revoked,” he said.

Mr Ogunbiyi reminded the subscribers that the initial validity period for completing all payments was 90 days.

The ministry received 8,925 applications, comprising 1294 outright payments, 2,408 mortgages and 2,184 rent-to-own.

(NAN)