‘Anti-corruption Drive Revives FHA, Clears N12bn Debt, Boosts  Revenue’

The managing director and chief executive of the Federal Housing Authority (FHA), Hon. Oyetunde Ojo, on Wednesday declared that a strict anti-corruption campaign, sweeping institutional reforms and prudent financial management have transformed the once debt-ridden agency into a self-sustaining revenue generator that is now remitting billions of naira to the Federation Account.
Ojo disclosed that the agency inherited liabilities exceeding N2 billion when the current management assumed office about two years ago, with staff salaries and allowances unpaid and operations crippled by years of institutional decay. He, however, said the debt was completely liquidated within one year without se...