Kriston Lally, the developer partner of Nigeria Labour Congress (NLC) in the over N9 billion mass housing for workers, has said it is preparing legal action against the NLC for the reimbursement of all costs and money invested by its shareholders and stakeholders in the project.

The NLC and Kriston Lally had in March 2013 signed a memorandum of understanding (MoU) to provide mass affordable housing for Nigerian workers.

The NLC encouraged its members to join the affordable housing project and to pay deposits of not less than 10 per cent into the project’s account.

However, after several attempts to kick off the project failed, subscribers who had earlier paid the required 10 per cent started asking for a refund of their money.

This development prompted the NLC to issue a statement stating that Kriston Lally had tried to scam innocent workers by opening a different bank account from the agreed one.

But in a statement yesterday, CEO of Kriston lally, Alhaji Mustapha Umar Madawaki said it was the NLC that faltered its part of the contract as the NLC never provided a plot of land and apparently had no intention or ability to do so.