Real estate firm signs MoU with FHA Homes to build 100 housing units

Nekonini Business and Properties Limited has signed a Memorandum of Understanding (MoU) with FHA Homes.

The Punch reports that the goal of this collaboration is to build 100 housing units in Abuja.

Mr. Niran Akinsuyi, Chairman of Nekonini Business and Properties Limited, spoke on the MoU and the housing development.

“In the MoU, FHA shall provide mortgage facilities as well as processing of the National Housing Fund for the off-takers if they so desire and are able to meet its requirements, while Nekonini Business and Properties Limited shall ensure the procurement of all approvals from the relevant government agencies and statutory bodies required for the development of the estate, and offer letter to interested off-takers stating all the terms and conditions upon which the sale is being made."

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The housing development, which is the second phase of the Maccido Estate, will have 130 housing units, modern road networks, water and power supply, full security, walkways, more.

December 2016 is the completion date.