The Managing Director of the Federal Housing Authority, Oyetunde Ojo, says the FHA has begun rehabilitating roads in Festac Town, Lagos, noting that structures with integrity issues in the town will also be demolished.
A statement issued today by the FHA indicated that the rehabilitation will occur in phases, aiming to address the town’s infrastructural decay, insisting that the town is more than just an estate but a national monument, adding that the FHA is committed to restoring its lost glory.
Ojo explained that some buildings have been marked, stating that if the owners decide to demolish the buildings themselves, they will retain their land titles, but if the FHA carries out the demolition, the owners will lose the land title.
He urged residents to cooperate with the FHA by paying their statutory fees, as the Authority needs these funds to operate independently of government appropriations.
