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Lawmakers Wade Into Property Sale

Obiora Ani, Abuja

The Senate has ordered the immediate arrest of members of the management of Transnational Corporation, Transcorp, over an alleged procurement of a property in Lagos, below the reserved price.

Chairman, Senate Committee on Housing and Urban Development, Senator Ikechukwu Obiora, issued the bench warrant at an investigative hearing on the sale of federal government houses and lands.

The Transcorp management is also being summoned for what the Senate described as, ’’ Flagrant disregard of summons.’’

Senator Obiora said Transcorp, a multi-national company in Nigeria, paid Three Hundred and Seventy Five Million Naira on a property for which the reserve price was Three Hundred and Seventy Seven Million Naira.

The committee has appointed six firms to audit government accounts in banks across the country, where revenues from the sale of some government property were lodged.

The senate committee alleged that the government had been short changed by banks in terms of interests accruing from the revenues.

Billions of Naira was realised from the sale of government’s non-essential houses in Nigeria in Years 2005 and 2006.

The committee has named some notable Nigerians who were allocated houses without a formal application.

The list contains names of some former military chiefs, politicians, diplomats and senior civil servants in the government of former President Olusegun Obasanjo.

Among them are: former chairman of the Board of Nigerian Ports Authority, Chief Olabode George, who is currently under incarceration for fraudulent activities, the former Minister of Works, Senator Adeseye Ogunlewe and the immediate past Minister of Foreign Affairs and current Nigerian Ambassador to the United Nations, Professor Joy Ogwu.

They were alleged to have been sold the government property without recourse to due process.



Yinka

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