GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Presidential panel sells seven-storey FRCN Lagos building for N100m

kunle kunle by kunle kunle
January 11, 2024
in Headline, News
Reading Time: 3 mins read
Presidential panel sells seven-storey FRCN Lagos building for N100m
11
SHARES
Advertisements

The Presidential Implementation Committee on Federal Government Landed Property has stated that it has the powers to sell or lease out any property of the Federal Government without prior knowledge of the ministry, department or agency using it.

The PIC made this known to an ad hoc committee of the House of Representatives, which is investigating the abandonment of Federal Government property across the country.

READ ALSO

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The Secretary of the PIC, Bala Sanusi, while speaking at the resumed investigative hearing of the committee, noted that it would be cumbersome for the presidential panel to inform all the MDAs of its intention to sell or lease out the over 25,000 property handed over to it.

Sanusi said this while responding to questions on the sale of a property located on 45, Martins Street, in Lagos State, which belonged to the Federal Radio Corporation of Nigeria, to Seamens Traders Limited for N100m.

The Director-General of the FRCN, Mansur Liman, who also testified before the committee, had informed the lawmakers that the property was sold without the corporation’s knowledge.

Sanusi, however, told the committee that the six-storey building, sitting on 387 square metres of land, was sold as a burnt property in 2010, adding that it was gutted by fire before the sale and was also gutted by fire before it was handed over to the buyers in 2019.

When the lawmakers sought to know whether the property was sold at a give-away price of N100m because it was a burnt property, the PIC scribe however backtracked, saying he was not in a position to say whether it was burnt or not, since he was not the secretary of the PIC when it was sold.

Sanusi said, “I will inform this gathering that the mandate of this committee is by the President-in-Council. (The Federal Executive) Council gave us the mandate to lease Federal Government property in Nigeria and outside Nigeria.

“We are not selling, we are leasing and after the expiration of the lease, the property will revert back to the government. The mandate was initially restricted to Lagos. But later, (the) Council expanded the mandate of the committee to other states except the FCT. We have been exercising this mandate for a long time.”

Chairman of the committee, Ademorin Kuye, said, “We want a report on all seized assets from our leaders, particularly Abacha, in and out of Nigeria. We need to know the state of those properties and to also know if the properties have titles.”

Sanusi, however, told the committee that the six-storey building, sitting on 387 square metres of land, was sold as a burnt property in 2010, adding that it was gutted by fire before the sale and was also gutted by fire before it was handed over to the buyers in 2019.

When the lawmakers sought to know whether the property was sold at a give-away price of N100m because it was a burnt property, the PIC scribe however backtracked, saying he was not in a position to say whether it was burnt or not, since he was not the secretary of the PIC when it was sold.

Sanusi said, “I will inform this gathering that the mandate of this committee is by the President-in-Council. (The Federal Executive) Council gave us the mandate to lease Federal Government property in Nigeria and outside Nigeria.

“We are not selling, we are leasing and after the expiration of the lease, the property will revert back to the government. The mandate was initially restricted to Lagos. But later, (the) Council expanded the mandate of the committee to other states except the FCT. We have been exercising this mandate for a long time.”

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

King Sunny Ade’s wife, Hon Risikat Ajoke Adegeye, is dead

Next Post

Why Buhari Asks Senate To Amend PIA Over ‘Unbalanced Geographical Representation’

Related Posts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep allowances to students who have updated their bank...

Read moreDetails

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The Federal Inland Revenue Service (FIRS) has announced that it will begin full implementation of the National Electronic Invoicing (e-Invoicing)...

Read moreDetails

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

Green Money Projec

Are you a young Nigerian passionate about agriculture or looking to grow a business in agribusiness? The Federal Government has...

Read moreDetails

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

Federal Government has ordered all Nigerian banks to Flag Accounts with Monthly Transactions Over ₦5 million GoldenNewsNg reports that Nigerian...

Read moreDetails

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB has Awarded ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices GoldenNewsNg reports that the Joint Admissions and...

Read moreDetails

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

JAMB Cut Off Mark for Civil Engineering

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities    If you’re planning to study Civil Engineering in...

Read moreDetails

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED GoldenNewsNg reports that the Federal Government has announced...

Read moreDetails

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off mark for Medicine and Surgery 2025/2026   If you’re planning to study Medicine and Surgery in...

Read moreDetails

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

JAMB Cut Off Mark For Computer Science

JAMB Cut Off Mark For Computer Science 2025: Requirements And Admission Tips   Are you aiming to study Computer Science...

Read moreDetails

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

JAMB Cut Off Mark For Law in Nigerian Universities 2025 Are you planning to study Law in a Nigerian university...

Read moreDetails
Load More
Next Post
Why Buhari Asks Senate To Amend PIA Over ‘Unbalanced Geographical Representation’

Why Buhari Asks Senate To Amend PIA Over ‘Unbalanced Geographical Representation’

SEARCH ADS

Latest Posts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above
business

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

Green Money Projec
Headline

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million
business

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices
Education

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Cut Off Mark for Civil Engineering
Education

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities
Education

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

JAMB Cut Off Mark For Computer Science
Daily Guides

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025
Education

Official JAMB Cut-Off Mark for Law in Nigerian Universities 2025

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News