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FCT minister revokes 4,794 land titles for defaulting payments on ground rents
As of the end of 2024 and up till today, a total of N6,967,980,119 is owed as Ground Rent by 8,375 property owners. In other words, a total of 8,375 property owners have not paid Ground Rent up to last year, 2024. “A total of 4,794 land titles are in default of Ground rent payment for 10 years and above.
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has approved the revocation of 4,794 land titles over non-payment of Ground Rent for more than 40 years.
In the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama, and Guzape, a total of 8,375 property owners have not paid Ground Rent in the last 43 years.
This was made known at a press briefing by the Minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, and the Federal Capital Territory Administration (FCTA) Director of Lands, Chijioke Nwankwoeze.
“It should be noted that the FCTA made numerous publications in national newspapers and announcements on broadcast media since 2023, calling on defaulters to pay up all outstanding bills and ground rents.
All these yielded little response, as several allottees failed to pay. “It is important to state that payment of Ground Rent on landed properties in the FCT is founded on extant legislation.
It is clearly stipulated in the terms and conditions of grant of Right of Occupancy, and it is due for payment on the first day of January, each year, without demand.
“Consequently, a list of land titles in default of payment of Ground Rent has been compiled in the ten oldest districts of Phase 1 of the Federal Capital City (FCC).
They are; Central Area District (Cadastral Zone A00), Garki I (Cadastral Zone A01), Wuse I (Cadastral Zone A02), Garki II (Cadastral Zone A03), Asokoro (Cadastral Zone A04), Maitama (Cadastral Zone A05), Maitama (Cadastral Zone A06), Wuse II (Cadastral Zone A07), Wuse II (Cadastral Zone A08) and Guzape (Cadastral Zone A09).
“As of the end of 2024 and up till today, a total of N6,967,980,119 is owed as Ground Rent by 8,375 property owners. In other words, a total of 8,375 property owners have not paid Ground Rent up to last year, 2024. “A total of 4,794 land titles are in default of Ground rent payment for 10 years and above.
This means that in the listed districts, 4,794 property owners have not paid Ground Rent in the last 10 years.
“This is in contravention of the terms and conditions of the grant of the Rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act. “Consequently, the titles of the properties in default of payment of Ground Rent for 10 years and above have been revoked forthwith.
“A grace of 21 Days is also given to title holders that are in default of payment of Ground Rent for between one and ten years, after which the affected titles will be revoked.”
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Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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