By Aminu Imam
Seeking to enforce an agreement entered into with its developers, residents of the Penthouse Estate III, Lugbe, in the Federal Capital Territory (FCT) have petitioned the Economic and Financial Crimes Commission (EFCC), to investigate an alleged misapplication of about N400 million, meant for the provision of infrastructure in the estate.
The residents, under the aegis of Penthouse Estate III Residents Association, are accusing Messrs Penthouse Properties Limited of not meeting the obligation specified in their letters of offer. They are also threatening legal action against the company for breach of agreements on the provision of infrastructure such as water, roads and electricity.
Penthouse Estate, a site and services scheme came into being in 2011, is expected to have about 450 housing units upon completion. Currently, about 300 houses have been completed while about 82 are occupied.
It was learnt that access into estate and internal networks are through earth roads, while overgrown weeds have taken over some of the undeveloped plots. The property owners
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