The Kano State Government says it has completed the takeover of 324 housing units located in Kwankwasiyya, Amana, and Bandirawo cities from the Pension Funds Trustees and handed them over to the Kano State Housing Corporation (KSHC).
This followed the settlement of outstanding pension liabilities tied to the estates, amounting to ₦4.5 billion, inclusive of ₦400 million profit to the Pension Funds Trustees.
The Special Adviser on Information to Governor Abba Kabir Yusuf, Ibrahim Adam, disclosed this in a statement issued on Thursday in Kano.
Adam said the payment was made through the Kano State Housing Corporation, unlocking the estates for proper utilization while ensuring that pensioners’ entitlements were fully protected.
He quoted the Managing Director of the Housing Corporation, Alhaji Abdullahi Rabiu, as saying that the development marked “a major turning point in the state’s housing delivery framework.”
Rabiu stressed the corporation’s commitment to providing and maintaining habitable housing units for Kano’s rapidly growing population.
Also at the event, the Chairman of the Pension Funds Trustees, Alhaji Habu Mohammad Fagge, officially handed over the houses to the Housing Corporation after the backlog of pension funds was cleared.
Fagge expressed optimism that the estates would be effectively managed and restored to their intended purpose.
According to Adam, the governor described the takeover as a landmark achievement reflecting his administration’s “visionary leadership and people-centred governance, combining social welfare with prudent financial management.”
He added that the government assured the public that the Housing Corporation would commence a transparent process of disposing of the units to qualified buyers, “thereby recouping funds for the state and strengthening confidence in government’s accountability and reforms.”