By Our Reporter<\/p>\n
In compliance with its avowed determination to enforce its mandate, the Federal Capital Territory Administration (FCTA) has initiated enforcement action, sealing more than 4,794 revoked properties across the territory.<\/p>\n
This decision of the Administration hinges on the FCTA’s commitment to assert its authority over properties that have been revoked due to non-compliance with land ownership terms.<\/p>\n
The properties effected this order belong to the Federal Internal Revenue Service (FIRS), Access Bank, and Total Energy.<\/p>\n
According to the Director of Land, FCTA, Mr. Chijoke Nwankwoeze, the properties have reverted to the FCTA due to prolonged non-payment of ground rent. Specifically:<\/p>\n
The FIRS building in Wuse Zone 5 has outstanding ground rent payments dating back 25 years,
\nthe Access Bank building, owned by Rana Tahir Furniture Nig. Ltd, has not paid ground rent for 34 years and Total Energy, located on Plot 534, Cadastral Zone A02, Wuse Zone 1, has unpaid ground rent for over 10 years.<\/p>\n
The FCTA’s enforcement team sealed the properties, marking the beginning of taking possession of over 4,794 revoked properties across the territory.<\/p>\n
The Director of Development Control, Mr. Mukhtar Galadima, explained that the action is part of the FCTA’s effort to reclaim properties that have been revoked due to non-payment of ground rent.<\/p>\n
Galadima emphasized that the FCTA had previously announced its decision to take possession of the revoked properties, and the sealing of Total Energy’s property is the first step in implementing this decision.<\/p>\n
The FCTA aims to take control of all properties that have been revoked due to non-payment of ground rent for over 10 years.<\/p>\n
The FCTA’s action sends a strong message to property owners in the territory about the importance of fulfilling their financial obligations. The move is expected to improve revenue generation for the FCTA and ensure that property owners comply with the terms of their land ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Our Reporter In compliance with its avowed determination to enforce its mandate, the Federal Capital Territory Administration (FCTA) has initiated enforcement action, sealing more than 4,794 revoked properties across the territory. This decision of the Administration hinges on the FCTA’s commitment to assert its authority over properties that have been revoked due to non-compliance […]<\/p>\n","protected":false},"author":2,"featured_media":4363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[1291,1234,2002,2803,2053,2801,2802],"class_list":["post-4362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-crime","tag-enforcement","tag-financial","tag-obligations","tag-possession","tag-properties","tag-revoked","tag-sealing"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=4362"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4362\/revisions"}],"predecessor-version":[{"id":4364,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/4362\/revisions\/4364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/4363"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=4362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=4362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=4362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}