The Addis Ababa City Administration has rejected the 20/80 and 40/60 condominium lots

Date:

Share post:

The Addis Ababa City Administration has rejected the 20/80 and 40/60 condominium lots issued on July 9, 2022.

Addis Ababa City Administration Mayor Adanech Abebe said in a statement today that the lottery for 20/80 and 40/60 condominiums issued on July 9, 2022 has been canceled.

The lottery was canceled due to various allegations made by the city administration after the lottery ceremony.

Though 79,000 savers should have been included in the lottery ÷ An investigation revealed that the number of people involved in the lottery was 172,000.

This means that 93,000 people have been included in the fraudulent lottery system.

The Addis Ababa City Administration announced that it is investigating the case of data fraud in the 20/80 and 40/60 condominiums issued on July 10, 2014 and is arresting suspects.

 

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

Ethiopia’s East African Holding Wins Prestigious Family Business Award at Africa CEO Forum 2026

The rise of Ethiopia’s private sector received a major continental endorsement this week as East African Holding secured...

Ethiopia’s Largest Private Bank Unveils $12 Billion, 55-Storey “Diamond Tower” in Addis Ababa

Addis Ababa’s skyline is preparing for another dramatic transformation. Awash Bank, Ethiopia’s largest and one of its oldest private...

The 1.3 Trillion Birr Debate: Is Addis Ababa Modernizing Too Fast?

The skyline of Addis Ababa is shifting at a pace rarely seen in its history. At a high-level...

Italian Giant Webuild Wins Top Innovation Award for Ethiopia’s Mega Dam

Italian Engineering Giant Webuild Clinches Samoter Innovation Award for Africa’s Largest Dam Italian construction titan Webuild has officially secured...