Reps To Investigate 20trn FG’s Abandoned Property

The House of Representatives has resolved to investigate the over N20 trillion worth of abandoned federal government-owned landed properties and buildings across the country.

This followed the adoption of a motion of urgent public importance moved by the minority leader, Hon. Kingsley Chinda (PDP, Rivers) at plenary on Wednesday.

Moving the motion, Chinda noted that, as of 2021, the Nigerian Institute of Quantity Surveyors identified a large number of about 11,866 abandoned landed properties and buildings by the federal government across the nation, resulting in a colossal waste of resources worth over N20 trillion.

The lawmaker also stated that approximately 63% of the federal government’s landed properties, buildings, and projects, since the nation attained independence, have been abandoned without completion for various reasons.

He identified affected properties as: Federal Secretariat Complex in Ikoyi, Lagos; Millennium Tower, Abuja; National Library, Abuja; Nigerian International Hotel Building, Suleja, Niger state; Millennium Building Tower, Abuja; NIPOST headquarter building, Abuja; FIRS headquarters building, Abia state; National Library Building, Abuja, Nigerian New Spring Manufacturing Company Building, Kaduna; Kaduna Textile Building; Nigerian Iron Melting Company, Delta State; among others.

Chinda expressed worry that, “since the year 2000, when the Presidential Implementation Committee (PIC) under President Olusegun Obasanjo’s administration was set up, the official report of the committee has not been submitted to date. This can jeopardise the accuracy and accountability of the said PIC reports.

“The fact that several years after the majority of these landed properties and building foundations were laid, by now, market inflation and engineering design would have been affected. Hence, the federal government can rescue some of the landed properties, buildings and projects through private-public partnership to avoid continuous wastage and weakening of the structures and loss of value.”

Adopting the motion, the House set up an ad-hoc committee with Hon. Amos Magaji(APC, Kaduna) to review the PIC report conducted in the year 2000, as well as verify reports of other properties abandoned since the year 2000, to identify the state of these properties and report infractions in six weeks for further legislative action.