Owners of the 500-unit Minanuel Housing Estate in Abuja on Tuesday faulted the demolition of their buildings, allegedly on the orders of the Federal Capital Territory Minister, Mr. Bala Mohammed. The house owners said demolition constituted a threat to economic development. According to them, the demolition has putthe real estate subsector into chaos as no bank would guarantee any loan facility to any developer in the estate. They, therefore, asked President Goodluck Jonathan to intervene in the matter by setting up acommission of inquiry to look into the demolition. The spokesperson of Minaneul Estate Subscribers Union, Mr.Festus Adebayo, at a press briefing on the demolition, added thatthe action of the FCT Minister would render many Nigerians jobless. He condemned the statement issued by the FCT administrationregarding the estate. Adebayo said, “We need to start clearly that Minanuel Estate is not in Kyami District, but is locatedis Gosa, Lugbe Extension 1. But for the purpose of this criminality, the area was re-designed as Kyami District. We wonder why the district will be re-designed even without the knowledgeof those that have invested in the area.