The FHA management, in a statement issued on Friday, said the debts are owed by retired workers and other members of the general public, contrary to the repayment plans agreed on by both parties.
Debtors have been given 21 days to pay up or risk losing the affected property to the federal government.
“The Management of the Federal Housing Authority has observed with dismay the huge amounts owed by various allottees of the Authority’s Housing Units and land allocations,” the statement read.
“Some of these debts cut across cadres of retired staff and the general public, and have been owed for many years, contrary to agreed repayment plans and initial terms of allocation.
“Consequently, notice is hereby given to all concerned allottees, to pay up in full, all amounts owed, or before 21 days from the date of this publication.
“Failure to comply with this notice will lead the Authority to publish the names of debtors in national newspapers, and proceed to take all necessary steps to revoke the affected housing units and land which will be subsequently re-allocated to interested members of the general public.”
The FHA, which is supervised by the ministry of works and housing, is involved in the execution of national housing programmes as approved by the federal government.
Gbenga Ashafa, senator representing Lagos east, is the current FHA managing director. (The Cable)
