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ASO Savings opens new housing estate in Abuja

A new estate, the first phase of the ASO Garden Estate, was at the weekend commissioned by ASO Savings and Loans Plc in Karsana East…

A new estate, the first phase of the ASO Garden Estate, was at the weekend commissioned by ASO Savings and Loans Plc in Karsana East District of Abuja.

The estate comprises of 249 housing units made up of 129 units of two-bedroom apartments, 117 units of three-bedroom apartments and three units of four-bedroom duplexes. Work has since commenced on the second phase of the project.

City News gathered that the project was conceived and financed by ASO Savings and Loans Plc in partnership with Global High Property Development Ltd.

The Managing Director of Federal Mortgage Bank of Nigeria (MBN), Arc. Ahmed Musa Dangiwa, who led dignitaries on a tour of the estate and later commissioned it, commended the board, management and staff of ASO Savings and Loans Plc for successfully completing the project in spite of the challenging economic environment.

In his goodwill message, the chairman of the Board of Directors of ASO Savings and Loans Plc, Alhaji Ali Magashi, also noted that the delivery of the estate was a big task given the harsh economic realities.

He said, “For those of you stakeholders, you know what a tough economic operating environment it has been for primary mortgage banks in Nigeria, as such, the delivery of the estate is no small feat for ASO.”

Also, the executive director of the bank, Risikatu Ahmed, expressed delight that in spite of the enormous challenges, the bank was able to see the project through.

“I am therefore on behalf of the management and staff of ASO Savings and Loans Plc, under the leadership of a great man whose supervision and resilience, I am delighted to say, we are witnessing the official opening of phase 1 of this estate. This promises to bring more meaning to the housing growth within the FCT and the nation,” she added.

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