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Sierra Leone News: Auditors want rents charge for OAU Villas reviewed

In an interview with senior officials from Sierra Leone Housing Corporation (SALHOC), they mentioned to auditors that the rent paid is far below the market prices. According to the Technical Audit Report 201 9, the officials added that looking at the location and the maintenance cost of these OAU villas coupled with the current economic trend, the annual rent of Le 18 million charged on the occupancy of these houses/villas may be below the prevailing market price. The auditors noted that management of SALHOC made several attempts to get the rent reviewed upwards, however all these efforts yielded no results due to lack of support from government. “This has led to the annual rent not being adjusted in consonant with current economic trends in the country” they added. SALHOC therefore as a corporation is unable to meet its mandate in the face of current economic trend. The culture of routine maintenance of these villas has also been downgraded to the background leaving most of these villas in dilapidated states. The management responded that, the corporation recognises the observation on the rent prices charged for the OAU Villas and is working on the recommendations. The Board and the management team of SALHOC will be engaging to review the current rent prices of the OAU Villas as compared to prevailing market prices.

By Zainab Iyamide Joaque

Friday May 10, 2019.

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