Members of the National Assembly are currently subscribing to a Mortgage Facility that will make each lawmaker cough out N2 . 5 m every month , RULERZLAND has reliably learnt .
It was gathered that the lawmakers are buying flats in an estate close to Apo Legislative Quarters in Abuja at N50 m each , while payment for each unit will be spread over 20 months.
The Senate had , at the resumption of plenary on April 4 , 2017 , entered an executive session, where the mortgage facility was discussed behind closed doors.
“ An estate developer brought the idea , believing that payment for the facility will be secure , being that members of the National Assembly will have regular income during the two- year payment period. It is a smart move for the developer, ” a senator who was at the meeting told our correspondent .
The source said the legislators were facing accommodation challenges in the Federal Capital Territory .
He said , “ The Chairman of Senate Services Committee ,Ibrahim , Gobir , announced that some estate developers wanted to sell housing units and those interested would pay in installment .
“ You will put your name down if you are interested and N2 .5 m installment will be deducted from your account monthly for 20 months. It is more like the federal mortgage facility .”
According to him , several senators who were governors of their states had acquired houses in choice areas in the country ’ s capital .
“ The former governors have their houses in Maitama , what will they do with mortgage facility ? But I know those who applied for two units – about five of them – and N5 m will be deducted from their accounts every month .
“ Also , it is like savings for those who want to invest in it. Even if they do not subscribe to the service , they will eventually spend the money before the month ends. Sometimes, if you don ’ t have the money to spend , you will manage yourself . I just put down my name to show that . ”
The source also hinted that the opportunity might be extended to the House of Representatives .
Some senators were said to have signified their interest in the facility almost immediately after it was announced , while some applied for two units .
He said some senators had formed groups in which all members contribute a specific amount monthly .
He said , “ We have some of us who contribute N2 m monthly – about 25 of them – and they rotate the collection of N50 m by one member every month .”
Gobir could not be reached for confirmation and details of the mortgage facility .
Calls made to his telephone line rang out on Sunday . He also did not reply a text message sent to him .
When asked about the mortgage facility on Thursday , the Chairman , Senate Committee on Media and Public Affairs , Senator Sabi Abdullahi , who is also the Vice Chairman of the Committee on Senate Services , said he was not aware of the housing plan . “ I don ’ t know anything about it, ” he said .
It was gathered that the lawmakers are buying flats in an estate close to Apo Legislative Quarters in Abuja at N50 m each , while payment for each unit will be spread over 20 months.
The Senate had , at the resumption of plenary on April 4 , 2017 , entered an executive session, where the mortgage facility was discussed behind closed doors.
“ An estate developer brought the idea , believing that payment for the facility will be secure , being that members of the National Assembly will have regular income during the two- year payment period. It is a smart move for the developer, ” a senator who was at the meeting told our correspondent .
The source said the legislators were facing accommodation challenges in the Federal Capital Territory .
He said , “ The Chairman of Senate Services Committee ,Ibrahim , Gobir , announced that some estate developers wanted to sell housing units and those interested would pay in installment .
“ You will put your name down if you are interested and N2 .5 m installment will be deducted from your account monthly for 20 months. It is more like the federal mortgage facility .”
According to him , several senators who were governors of their states had acquired houses in choice areas in the country ’ s capital .
“ The former governors have their houses in Maitama , what will they do with mortgage facility ? But I know those who applied for two units – about five of them – and N5 m will be deducted from their accounts every month .
“ Also , it is like savings for those who want to invest in it. Even if they do not subscribe to the service , they will eventually spend the money before the month ends. Sometimes, if you don ’ t have the money to spend , you will manage yourself . I just put down my name to show that . ”
The source also hinted that the opportunity might be extended to the House of Representatives .
Some senators were said to have signified their interest in the facility almost immediately after it was announced , while some applied for two units .
He said some senators had formed groups in which all members contribute a specific amount monthly .
He said , “ We have some of us who contribute N2 m monthly – about 25 of them – and they rotate the collection of N50 m by one member every month .”
Gobir could not be reached for confirmation and details of the mortgage facility .
Calls made to his telephone line rang out on Sunday . He also did not reply a text message sent to him .
When asked about the mortgage facility on Thursday , the Chairman , Senate Committee on Media and Public Affairs , Senator Sabi Abdullahi , who is also the Vice Chairman of the Committee on Senate Services , said he was not aware of the housing plan . “ I don ’ t know anything about it, ” he said .
