COMMITTEE OF INQUIRY (STATE HOUSING CORPORATION) (IMPLEMENTATION OF FINDINGS) ACT - 1979 (AFRCD 69)
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The houses described in the first column of the First Schedule to this Decree, belonging to the persons specified in the second column in relation to each of the said houses in the said Schedule, are hereby forfeited to the State and accordingly are hereby vested in the State free from all incumbrances whatsoever.
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(1) The estate houses described in the first column of the Second Schedule to this Decree, belonging to the persons specified in the second column in relation to each of the houses in the said Schedule, are hereby revested in the State Housing Corporation for reallocation free from all incumbrances whatsoever.
(2) Notwithstanding the provisions of subsection (1) of this section any person whose estate house has been so revested may opt for a refund of any moneys paid by him to the State Housing Corporation in respect of the house or for the moneys to be applied towards the purchase price of another estate house, so however that in the case of the last two named persons in the said Schedule their moneys shall be refunded without any option.
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Any person who immediately before the coming into force of this Decree is in possession of any of the estate houses referred to in the said First, Second and Third Schedules shall surrender it forthwith to the Armed Forces Revolutionary Council or to any person authorised by the Council or to the State Housing Corporation as the case may be.
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The Government may, in its discretion and notwithstanding anything to the contrary, make provisions for the compensation of any person who satisfies the Government that he had granted any loan on the security of any property forfeited to the State by this Decree, being a loan any part of which remains for the time being unpaid.
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Any person who-
(a) refuses or without reasonable excuse, proof of which shall be on him, fails to surrender any estate house or pay any money required to be surrendered or paid under this Decree; or
(b) otherwise obstructs the Armed Forces Revolutionary Council or any person authorised by the Council or the State Housing Corporation in the recovery of the revesting of any of the estate houses specified in the said First and Second Schedules in the State or the State Housing Corporation,
shall be guilty of an offence and liable on conviction to a fine not exceeding c10,000.00 or to imprisonment not exceeding ten years or to both.
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