Its aim is to reduce outstanding rentals dating back to 2012 at K4.7 million.
The resolution to liquidate the National Housing Estate Limited by March 2018, by shareholders, Housing Minister John Kaupa and Finance Minister James Marape was due to debts amounting to K16 million and its audits not done on time.
For that liquidation process to be complete and wind down, incoming Executive Chairman Roger Gileng Otto aims to lower National Housing Estate Limited’s total liabilities by at least 50 percent.
