Kaduna Govt Auctions 1,990 Quarters

By John Shiklam in Kaduna

As part of measures to cut cost, the Kaduna State government is to sell 1,990 of its non-essential residential quarters to the public through auction.

The government, in a statement, said the decision to sell the houses was taken at a meeting of the state executive council presided over by the governor, Mallam Nasir el-Rufai.

“The houses are to be sold by means of a public auction based on their open-market value. According to the approved guidelines, only persons and corporate bodies resident in Kaduna State are eligible to submit bids for the properties, and each property will be sold at the highest price offered.

“The guidelines also stipulate that no property will be sold for less than its reserve price,” the statement said, adding that every bidder is restricted to only one property.

Details later…