N’Assembly– FCT loses N800bn annually to fraudulent estate developers

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The House of Representatives ad hoc committee has condemned the illegal activities of real estate developers in Abuja,

Part of the activities condemned included scamming unsuspecting subscribers and cheating the government out of revenue.

According to the committee, the Federal Capital Territory is losing N800bn annually to the sharp practices by the real estate developers.

The Chairman of the committee, Blessing Onuh, raised the issue in Abuja on Monday at the opening of a two-day workshop on the operations of real estate developers in the FCT.


– Punch

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