The President of the Nigerian Union of Journalists (NUJ) Chief Chris Isiguzo on Monday gave all parties involved in the failed Penjewel Estate housing project a one month ultimatum to refund the money collected from subscribers.
Those involved in the alleged fraudulent project are President Nigerian Association of Women Journalists (NAWOJ) Ifeyinwa Omowole, former Chairman Lagos State Council of NUJ, Deji Elumoye, former NAWOJ Treasurer Tosin Odusola and the developer Primewater View Company.
Isiguzo spoke at a meeting with all stakeholders held at Radio Lagos in Alausa, Lagos, where he clearly stated that the parties deliberately took subscribers for granted.
Journalists in 2015 contributed money in United States of America dollars and naira running into about N85million purportedly for counterpart funding for the provision of 800 units of three-bedroom flats in part of their pre-owned lands at Abaren, Ogun State, which was never delivered.
The President who attended the meeting with the union’s National Secretary Shaiubu Numan, said the project was designed to fail ab-initio.
Reading the NUJ’s position on the issue after over four hours of deliberation, Isiguzo said N73million was paid to the developer in instalments for a job not done, adding that substantial sum was diverted to another project.
“We observed that about N85million was involved in the entire project whether paid in dollar or naira. Of this, N73million was paid out to the developer, Primewater View Company. We also observed that a substantial sum was diverted to another project.
“We were also able to establish that the subscribers were not properly informed and the purported agreement signed by the parties was defective ab initio. We discovered that money was paid to the developer in instalments from N10million, N45million, N10million and lastly N8million totalling N73million.
“This totally violated the content of the agreement and clearly shows that from the onset, the project was designed to fail as subscribers were deliberately taken for granted.
“Accordingly, we want to call on all the parties involved in this illegal transaction to quickly terminate the Memorandum of Understanding (MoU) they signed. As earlier directed by the National Executive Council (NEC), the amounts paid out should be returned and given back to their original owners, the subscribers.
The post PenJewel Housing Fraud: NUJ demands refund of journalists’ money appeared first on The Sun Nigeria.
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