Members of the National Assembly are currently subscribing to a mortgage facility that will make each lawmaker cough out N2.5m every month.
Sunday Punch reports that the lawmakers are buying flats in an estate close to Apo Legislative Quarters in Abuja at N50m each, while payment for each unit will be spread over 20 months.
The Senate had, at the resumption of plenary on April 4, 2017, entered an executive session, where the mortgage facility was discussed behind closed doors.
“An estate developer brought the idea, believing that payment for the facility will be secure, being that members of the National Assembly will have regular income during the two-year payment period. It is a smart move for the developer,” a senator who was at the meeting told Punch.
The source said the legislators were facing accommodation challenges in the Federal Capital Territory.