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Rich civil servants rush to sell homes & cars for fear of Buhari

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A Punch newspaper report has it that these are not comfortable times for some ‘super rich’ civil servants as they are rushing to sell their choice houses and state-of-the-art automobiles in order to avoid losing the properties to the no-nonsense anti-corruption war that President Muhammadu Buhari is about to start.

Already, the ICPC has reportedly confiscated some buildings said to have been owned by public servants whose earnings do not substantiate owning ownership of such mansions.

According to Punch, financially buoyant buyers were said to have started cashing in on the development. It was gathered that the sale of properties in Abuja since the new administration came on board had increased by about 30 per cent. In fact, it was learnt that property sales in the FCT increased “tremendously” within the past four weeks, in contrast to the lull that characterised the sector from January to May this year.

“The probe has created panic. People now consult us, requesting our assistance in helping them sell their properties. Of course, they won’t say they are trying to avoid probe, but most of us know that that is what they are avoiding,” an agent and member of the Real Estate Developers Association of Nigeria, who pleaded not to be identified, said.

 

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