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Over 100 Depositors Cryout over Non Release of Houses to Them by FMB

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By, Takuruku Emmanuel

Depositors of the Federal Housing Agency, (mortgage Bank) have cried out to the appropriate authorities to fast-track the release of their houses to reduce their burden of rent payment in the FCT.

They appealed to president Ahmed Bola Tinubu to beam it’s administrative light on the authorities concerned in order to salvage them from the unbearable housing problems in the FCT.

According to some of the depositors who claimed to have completed their deposit and have been waiting endlessly for the handing over of their houses without positive response on sight.

The contributors in a save our souls statement signed by Abubakar Mohammed on behalf of the contributors ‘titled Non Delivery of Housing Units at Luxiar Estate, Life Camp by federal Mortgage Bank’ and made available to Journalists in Abuja, said about 100 subscribers have completed payment for their Units ever since, but have not been given their allocations to ease their accomodation problems.

According to the complaint, “We are left at the mercy of the Abuja land lords to pay the cutthroat rents. Some of us borrowed this money to deposit believing that as federal government agency we were going to be treated fairly without knowing that our hopes will be hanging in the balance for this long”.

“It is unbelievable to know that some of us finished payment between late last year and up till now no reasonable reasons have been offered to us for the delay”. The complaint stated.

“Our finding has revealed that Work at the site have stopped since February 2024. Mortgage Bank keeps promising us (subscribers) and blaming the contractor for not delivering the houses. Does It mean that the contractors are bigger than the bank?”. The statement questioned.

According to the statement, Some subscribers had to withdraw their savings from Cooperative societies to subscribe believing it was a wise decision, now regretting as the houses may take years to be delivered.

“Many subscribers who had initially believed that because the bank is a federal government institution that can be trusted to deliver, now holds the opinion and believe that it’s far from being the truth.

“We at this juncture wish to use this medium to call on our listening president, Ahmed Bola Tinubu to urgently wade into the predicaments of many of the federal government workers who have mortgaged their life servings to own a house for their families.

“Your name will be written in the sands of time if you can urgently come to our aids” the affected depositors begs”. The statement added.

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