Ojo decries poor condition of FHA as he inherited N12bn deficit

From Isaac Anumihe, Abuja
Managing Director and Chief Executive Officer, (MD/CEO) of Federal Housing Authority (FHA), Oyetunde Ojo, today, said that he met the authority in a decrepit condition with over N12 billion deficit.
Ojo made the revelation when he received an award of excellence as a supporter of anti-corruption by Anti-Corruption Academy of Nigeria (ACAN), a subsidiary of Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Abuja.
The Managing Director also recalled that on assumption of office, the authority couldn’t pay salaries. Worse still, he said, the deficit was backed by a Supreme Court judgement.
“So there’s nowhere to run to. You just h...