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FMBN VERSUS ZAMFARA STATE GOVERNMENT, WHAT GOV. BELLO MATAWALLE SUPPOSED TO DO.

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It is now a week when tension was raised among the residents of Daza area, especially those who are residing in the estate build by the immediate past administration of Abdulazeez Yari Abubakar over the recent eviction notice issued to them by the officials of the Federal Mortgage Bank of Nigeria (FMBN).

The bank is alleging that, the occupants of the estate were living illegally not because the occupants were not allocated the houses legally by the officials of the Zamfara housing authority but because the state government has not fulfilled part of its responsibility of paying the principal loan it has collected since 2012 precisely.

The occupants may not understand how the entire scenario between Zamfara state government and Federal Mortgage Bank started. All they can understand is, they have been allocated houses and deduction had started, but how much is involved between the FMBN and state government they may not know for now.

HOW IT STARTED

The state government led by Abdulazeez Yari Abubakar collected a loan of between (N620,000,0000) and (N640,000,000) somewhere around 2012 for construction of staff housing estate on owner-occupier basis.

The houses were completed under the supervision of the Zamfara state ministry for Housing and Town Planning and handed over to state Housing Corporation for distribution to the interested civil servants.

But the most controversial part of the whole issue is that some of the beneficiaries that were allocated the houses have sold their allocation to other parties that are not known to the government and their record is not before the state housing corporation.

The state government also offered the certificate of the (58) housing units popularly known as Commissioner’s Quarters which presently houses many government agencies and personal residents of the state lawmakers as collateral for the loan.

Expectedly the state government is supposed to start paying the loan back after the moratorium period of two (2) years precisely by 2014 or 2015.

Surprisingly, however, the state refused to honor that agreement and also went ahead to allocate the houses to present occupants and also commence deduction of their money for the repayment of the houses.

Now close to ten years into the deal with the Federal Mortgage Bank the state government has neglected its share of responsibility to pay back the loan not mincing the simple fact that, certificate of one of its valuable property has been in the custody of the of the bank

THE CONTENDING ISSUES

Now that the Federal Mortgage has issued the occupants with the eviction notice the state government led by Matawalle need to act with speed before it is too late because according to the law, Federal Mortgage Bank has a valid and legal transaction with the state government, and it must do everything to secure the taxpayers funds loaned to Zamfara state government.

As it is and based on the information we have, the interest the loan accrued had overweight the actual amount disbursed to the state government as loan. Precisely, the state government is expected to pay back close to (N1.4) billion naira including the interest.

And if by any reason the state government ignored this problem, the Federal Mortgage Bank is left with no option than to either use force to evict the occupants including those that bought the allocation letters or auction the (58) housing units and recover its money.

According to the valuation report of the (58) housing units, the property was valued at the cost (3) billion naira even though it was a cooked price but from 2012 to date the value of same (58) housing units may drop to as low as (N1.5b) naira and the FMBN may quickly act in perfecting the auctioning before the value of the (58) housing units dropped so low that it cannot be able to serve as refund to the money in question.

The state government need to understand that the transaction between the FMBN and state government regarding the loan disbursed is legitimate and the state government stand to lose if the issue is not reconciled forthwith.

WHAT THE STATE GOVERNMENT NEED TO UNDERSTAND ABOUT THIS WHOLE DRAMA

As it stand, the Federal Mortgage Bank cannot accept any idea that it should wait till next twenty to thirty years for the occupants to pay the money before the loan is refunded. That may not be visible taking into cognizant that the state government has dully sign a legal agreement surrendering it’s collateral in the event of failure.

The most important thing to do is for the state government to raise money in agreement with the FMBN and begin to pay either on monthly or quarterly basis defending on the negotiation.

The state government should ensure that it has negotiated a for “loan-workout” hence, if the interest continue to accrue FMBN may went for it’s last option of asset disposal and that would be too demeaning for the state.

The (3b) naira earlier mentioned as the value of the (58) housing units is on the basis of “forced sales value” which the FMBN may take careful notice of considering the likelihood of the value of the (58) housing units dropping as low as what the money cannot for the loan cannot pay.

The option of workers paying before the FMBN is settled cannot work in this particular circumstance so the state government must take the vow of honor and do the needful.

WHAT IS THE WAY FORWARD?

For the main time, it would be good if Governor Matawalle may set up a high-powered committee/delegation to reach out to the management of the Federal Mortgage Bank FMBN and plead with them for genuine and true reconciliation on how to pay back the loan.

Secondly, the government need to set up time frame within which the refund would be completed so that FMBN may reconsider the option of stepping down its earlier notice of eviction

Again, the committee to be constituted should negotiate the stepping down of the interest in 50% so that the volume of the money can be reduced to an average percentage the state government can afford.

The government should make sure that the record of all the occupants are dully captured, and they have started repaying for the houses allocated to them so that government can recover the money and use them for another purpose.

The Governor should specifically see this as a call to save the state from another phase of embarrassment, especially considering how our heavy trucks were auctioned in those days of Yari administration which turned us to a laughingstock by the people of Nigeria.

Our candid advises to the Governor is we knew this particular problem does not start under his time, and it was purely a deliberate negligence of the past government but as a Governor, he needs to do everything to safeguard the image and reputation of the state.

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ZAMFARA NUJ ELECT MAI ZARE, M.B UMAR AS NEW CHAIR & DEPUTY

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Members of Zamfara State Council of Nigeria Union of Journalists (NUJ) have elected their new Chairman, who is to steer the activities of the union.

Ibrahim Musa Maizare who was the former Chairman of the Zamfara State based newspaper chapel “The Legacy” was elected alongside Haliru Muhammad Umar from the Nigerian Television Authority (NTA) chapel as his Deputy.

The remaining seats of the state officers of the union were returned unopposed, except the office of the Treasurer.

The election of the new executives followed the expiration of the tenure of the current executives, led by the Publisher of the Analyzer Newspaper Mai Haraji Altine Salah.

Mai Zare who was immediately sworn into the office alongside other executives, thanked the members of the state council for having confidence in his leadership and assured that he is going to reposition things in the union for a sustainable change.

He promised to come up with innovation that will transform the union and reposition it to be more sound like before and called for continued cooperation from all the members of the union.

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I NEVER ASK GOV. BELLO MATAWALLE TO DASH ME A CAR.

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The Secretary of the People’s Democratic Party (PDP) in Zamfara state Faruk Ahmad Shatiman Rijiya has challenged those in the APC to prove whether the embattled eighteen seater bus they were making noise over was personally donated to him by Governor Matawalle or for the office of the PDP Publicity of Secretary.

Shatima who declared this during a Press Conference in Gusau on Friday said, contrary to the noise making round the public, he has never, for once, begged Governor Matawalle to dash him a car instead, the Governor personally feels he wanted to donate the car to him because of the role he played during his electioneering campaigns in 2019.

“If they wanted the car to be returned as claimed, let them tell the world how the Governor donated out the car to me through late Ibrahim Mallaha of blessed memory. The Governor gave the car to late Mallaha for onward handing over to me as personal donation, and I am certain if they met the him, he will confirm this to them.

“I am not in politics for vehicle, asked those who were with us in 2019. I used my personal Peugeot (406) to move with the Governor throughout the campaign period. I was not paid even money for fuel and the Governor knew that, and may be in his wisdom that was why he decided to dash me a vehicle I did not beg for”.

On the new security measures taken by the Governor, Shatiman Rijiya said he is sure the measures are targeted at the supporters of the PDP and because election is approaching, noting that they have every reason to entertain fear.

If the measures are initiated to get the lives of the typical Zamfara citizen better and secured, PDP will welcome the idea but noted that, under the current situation, the party and its members are not confident enough with the Governor’s pronouncement.

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SHATIMAN RIJIYA TO GOV. BELLO MATAWALLE: STOP INSULTING PDP

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The Zamfara State Secretary of People’s Democratic Party (PDP) Faruk Ahmad Shatiman Rijiya has called on Governor Bello Matawalle to desist from insulting PDP because it was the platform he used to become the Governor of Zamfara state in 2019.

Shatiman Rijiya who stated this during a Press Conference on Friday reminded Governor Bello Matawalle that, the certificate of return issued to him by the Independent National Electoral Commission (INEC) was bearing the name of the PDP not APC the political party he defected to.

He described as morally wrong for the Governor to be rendering insult on the party that produces him as a substantive Governor, noting that even the people who are very familiar with his political antecedent and how he emerged as the Governor of Zamfara would not be happy with him abusing his original political platform.

He added that, PDP will continue to watch things as they unfold in Zamfara and continue to raise alarm where right decisions are not taken in the overall interest of the people of the state

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