Business
Sacked Bank CEOs Owned 60 Shops In Dubai – CBN
Central Bank of Nigeria Governor Sanusi Lamido Sanusi said on Monday that, about 60 shops in Dubai has been traced to chief executive officers of sacked banks.
He made this known at his presentation at the ninth meeting of the Honorary International Investment Council (HICC) at the Banquet Hall, Presidential Villa, Abuja.
He stated that they were not just following the money but also following the property and will stop at nothing to bring it back to the country with the support of international authorities.
Sanusi added that efforts were being put in to recover the property saying that the EFCC would arraign former CEO of Intercontinental Bank, Erastus Akingbola, who has been on the run.
Sanusi stated that government’s committed to pursue the banking reform to a logical conclusion.
He assured that the council has been put on a safe road by the ongoing reform of the administration of President Umaru Musa Yar’Adua.
“The banking sector remains a major driver of economic activities. The sector is not in crisis, we have forestalled this” Sanusi added.
He noted that Nigeria’s macro-economic environment had improved in 2009 due to government’s proactive response to the global economic slow down.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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