Ground rent: FCTA begins ownership rights on 4,794 revoked properties today

The Federal Capital Territory Administration (FCTA) says it will begin taking possession of the 4,794 revoked properties over non-payment of ground rent ranging between 10 and 43 years on Monday. Mr Lere Olayinka, Senior Special Assistant to the FCT Minister on Public Communications and Social Media disclosed this at a news conference in Abuja on […]

The Federal Capital Territory Administration (FCTA) says it will begin taking possession of the 4,794 revoked properties over non-payment of ground rent ranging between 10 and 43 years on Monday.

Mr Lere Olayinka, Senior Special Assistant to the FCT Minister on Public Communications and Social Media disclosed this at a news conference in Abuja on Friday.

The FCTA had on March 17 announced the revocation of the 4,794 land titles over non-payment of ground rent for more than 10 years.

The administration explained that the action contravened the terms and conditions of grant of the Rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act

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The FCT, however, gave 21-day grace to title holders, who defaulted in payment of ground rent for between one and 10 years, after which the affected titles would be revoked.

On March 19, the FCTA further announced its decision to take possession of properties built on 4,794 revoked titles in due course.

Olayinka told journalists at the press conference that the 4,794 properties were among the 8,375 property owners owing the FCT Administration N6.97 billion as ground rent.

He said the revoked titles were located in the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and Guzape districts.

He explained that the properties had already reverted to the FCTA, adding that from Monday, the FCTA would begin exercising its rights of ownership on the affected landed properties.