The Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike, has issued a stern ultimatum to 189 property titleholders within the Federal Capital City (FCC). These titleholders have obtained building plan approvals but have yet to commence development on their properties.
The FCTA’s Director of Information and Communication, Mohammed Hazat, disclosed this significant development, emphasising that property owners failing to initiate development within the stipulated three-month period will face title revocation, as per legal provisions.
This ultimatum extends to both individuals and corporate entities in Abuja that have shown intent to develop their properties by obtaining building plan approvals but have not yet commenced actual development.
Additionally, public institutions that hold land titles within the Federal Capital City but have not initiated development are also bound by this three-month grace period to avoid potential sanctions.
The Minister’s decision to extend this grace period is rooted in the acknowledgment of these property owners’ intent to develop their plots, demonstrated by their acquisition of essential documents from the FCT Administration.
A notification in various newspapers reads: “The Minister of the Federal Capital Territory (FCT), has graciously approved a grace period of three months from the date of this publication for the under-listed titleholders who have obtained building plan approvals to commence development of their plots; failure of which their titles shall be revoked for continued contravention of the terms of development of the Right- of -Occupancy.”
These property owners have been exempted from immediate title revocation due to their proactive efforts to fulfill the terms outlined in the Offer of the Right-of-Occupancy.
The FCT Administration strongly encourages affected property owners to seize this opportunity provided by the Minister to initiate development in accordance with the Right-of-Occupancy terms, as published in national dailies.
Furthermore, the FCT Administration extends its appeal to public institutions that have been allocated plots within the FCC to promptly embark on development to avoid any potential title revocation for non-compliance with development terms outlined in Section 28(5)(a) and (b) of the Land Use Act.
The plots subject to this ultimatum encompass those owned by individuals, corporate organizations, and public institutions, all of which have been urged to promptly adhere to the development agreements set forth in the Right-of-Occupancy terms.
