Business
Housing Authority Faults Property Allottees’ Complaint
The Rivers State Housing and Property Development Authority has faulted the complaint by the allottees of the properties in the Rivers State Housing Estates, that they were not allowed possession of houses balloted for in the recent exercise.
The General Manager, Rivers State Housing and Property Development Authority, Arch. Iyerifa Cookey-Gam debunked the claim by the allottees while speaking to The Tide in his office in Port Harcourt, during the week.
According to him, “the estate development is based on the National Housing Policy. It is not state policy, and the capacity of the state in this regard is limited”.
He said that the policy permits public servants and operators of private sector to contribute one and half per cent of their salary to be deducted monthly and the amount qualify them to get loan.
The GM further explained that the State Housing and Property Development Authority took estate development loan from the Federal Mortgage Bank which they used in developing the houses at Iriebe and was offered for sale to housing contributors, narrating that forms were sold and people were allocated properties with the condition that you pay a minimum of 10 per cent of the value for one and two bedroom flats, this payment in turn qualify the individual to apply for the National Fund Loan through the Primary Mortgage Institutions (PMI). The Union Home Saving and Bank PHB Mortgage Savings were selected to assess the loan and forward it to the Federal Mortgage Bank.
The authority he said, is not allowed to hand over any property to those who have not paid up the value of the house. His words: “Some people think that the monthly 1½ per cent deduction is part of the payment, no, it only qualifies you to apply for the house and you deserve the right to apply for a refund of the deduction at retirement from the Federal Mortgage Bank”.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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