Monday, July 22, 2024
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N29BN Ground Rent Debt: Defaulters To Forfeit Property

The Federal Capital Territory Administration (FCTA) Coordinating Committee on the Recovery of Outstanding Ground Rents of N29, 506,643,943.98 commences work and vowed that property owners who have failed to pay risk prosecution, revocation, or outright forfeiture.

The Federal Capital Territory Administration (FCTA) set up this Coordinating Committee after several appeals and notices served the affected property owners, yet they remain adamant.

It would be recalled that the FCT Permanent Secretary, Mr. Adesola Olusade, recently established a debt recovery committee with the goal of collecting unpaid debts owed to the FCT Administration, with a focus on ground rents and other miscellaneous fees in the Land Administration and other departments with a connection to land.

This was contained in a statement by Director, Information & Communication, FCT/Chairman, Media & Publicity Sub-Committee, Muhammad Hazat Sule which a copy was made available to newsmen in Abuja.

Accordingly, the Committee is expected to formally start communicating to the affected persons and corporate bodies as from Friday, July 1, 2022, after which those who failed to comply by paying their outstanding debt would be prosecuted.

The Administration is forced to adopt these measures due to the non-compliant by the affected individuals and corporate organizations.

Government, therefore, wish that the affected debtors will come forward and clear their outstanding debts to avoid prosecution, revocation, and forfeiture of their property.

The Recovery Committee has already swung into action and perfected modalities towards achieving this onerous task, because the government needs resources to execute essential infrastructural projects in the Federal Capital Territory.

The Committee, which has since been meeting to fine tune strategies for the task ahead, also warned debtors of dire consequences should they allow the committee to fully execute its mandate, if they refused to pay the outstanding land fees.

The Committee wishes to assure that it will rigorously carry out its mandate to the latter, because ‘no stone will be left unturned’, in carrying out the assignment.

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