FG gives NHP allottees eight weeks to complete payment

3 months ago 50

By NAN

13 August 2024 | 9:33 am

The Federal Government has given the first batch allottees of the National Housing program (NHP), eight weeks to complete their payments or forfeit their allocations. Dr. Marcus Ogunbiyi, Permanent Secretary, Ministry of Housing and Urban Development disclosed this in a statement on Monday in Abuja. In the statement signed by Mr. Salisu Haiba, Director, Press…

The Federal Government has given the first batch allottees of the National Housing program (NHP), eight weeks to complete their payments or forfeit their allocations.

Dr. Marcus Ogunbiyi, Permanent Secretary, Ministry of Housing and Urban Development disclosed this in a statement on Monday in Abuja.

In the statement signed by Mr. Salisu Haiba, Director, Press and Public Relations in the Ministry, Ogunbiyi, stressed that if the qualified subscribers failed to meet up with the eight weeks grace, their allocations would be revoked.

Ogunbiyi recalled that the issuance of 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 allotters on Dec. 29, 2023 via a circular referenced No.. DPBH/645/1/43.

“A number of Outright Payment Subscribers have completed their payments, while some have started making deposit payments, but 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 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

Ogunbiyi reminded the subscribers that the initial validity period for the completion of all payment was 90 days.

The News Agency of Nigeria (NAN) reports that a total of 8,925 applications were received by the ministry, comprising 1294 outright payment, 2408 Mortgage and 2184 rent to own .

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