LAGOS – Femab Properties Limited has reiterated its commitment to transparency and accountability in the ongoing development of the IPAM Bureh Town Campus in collaboration with the University of Sierra Leone.

The real estate firm, led by Managing Director Abiodun Aguda, reaffirmed its dedication to completing the project despite challenges arising from administrative changes and financial policy shifts.
Addressing concerns regarding the project’s status, the University of Sierra Leone emphasized that all agreements with Femab Properties were conducted with due diligence and in adherence to regulatory procedures.

The Vice Chancellor, Professor Aiah Lebbie stated:

“Our commitment to due process remains firm. Every phase of this project has been executed with established guidelines, and we continue to engage stakeholders to ensure its successful completion.”

The partnership was formalized in 2018 following a rigorous review process involving key government bodies such as the Ministry of Technical and Higher Education and the Ministry of Finance. The agreement aimed to enhance educational infrastructure through a Public-Private Partnership (PPP) model. An initial $4.5M was disbursed for preliminaries in accordance to the contract approved by the cabinet and ratified by the Parliament was made to kick-start construction, but subsequent delays in securing government-backed guarantees impacted the project timeline.

https://independent.ng/abiodun-agudas-femab-properties-addresses-campus-project-dispute-dismisses-fraud-claims/