FG urged to invest recovered loot in housing

A call has gone to the Federal government to invest recovered looted funds in the development of low-cost housing and mortgage financing to facilitate the reduction of housing deficit in Nigeria. Director-General, Institute of Mortgage Brokers and Lenders (IMBL), Elisha Jasper, made the call in a congratulatory message to the President Muhammadu Buhari on his one year in office.

 “There is a lack of mortgage professionals in Nigeria due to lack of mortgage studies; thereby creating a lack of knowledge and skills on mortgage brokerage, financing and lending. But IMBL cannot do it alone. Individuals (workers and/or students), governments, Federal Mortgage Bank of Nigeria (FMBN) and Primary Mortgage Institutions (PMIs) must all play their parts or roles in this fight.

Cameron’s comment: TMG berates UK, others, demands return of Nigeria’s looted funds

ABUJA – The Transition Monitoring Group (TMG), a coalition of over 400 civic organizations in Nigeria, yesterday, berated Western Nations over a comment credicted to the British Prime Minister, Mr. David Cameron describing Nigeria as a fantastically corrupt country.

 

Consequently, the group demanded the return of Nigeria’s looted funds in the United Kingdom and other Western countries, allegeding them of pretending to love Nigeria. 

The Chairman of TMG, Com. Ibrahim Zikirullahi, in a statement made available today in Abuja, said UK and other Western countries had no moral justification to label Nigeria ‘a corrupt country’, when they were happy aiding and abating corrupt Nigerians. 

"fantastically corrupt" Countries: British PM David Cameron takes questions in parliament Today

British Prime Minister David Cameron takes questions in parliament the day after he was caught on camera telling Queen Elizabeth that leaders of some "fantastically corrupt" countries were due to attend his anti-corruption summit later this week.

Its western conspiracy, where are all the loots? UK is the safest haven for looted funds from middle east and developing african nations. Our wealth is stack in most LONDON properties. UK property market is known to be boom-built on blood money. How many Britons can afford an ordinary flat of 300,000-700,000£ outside London? Let alone of buying a £2m mansion in central London (ONLY EPL PLAYERS).