President Bola Tinubu has given a 14-day ultimatum for defaulting property owners in the federal capital territory (FCT) to pay their alleged ground rent debts.
President Bola Tinubu has issued a 14-day deadline for property owners in the Federal Capital Territory (FCT) to settle outstanding ground rent debts. The FCTA has already begun enforcing the revocation of 4,794 properties with unpaid rents spanning 10 to 43 years.
The Federal Capital Territory Administration (FCTA) on Monday sealed several high-profile offices, including the headquarters of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), an Access Bank branch in Wuse Market, a Total petrol station, and an FIRS office in Zone 5. The crackdown follows years of non-compliance by property owners despite repeated warnings.
Authorities say the enforcement aims to recover long-overdue revenues and sanitize property ownership in the FCT. “This is not a punitive measure but a necessary step to ensure compliance with the law,” an FCTA official stated. Defaulters now have two weeks to clear their debts or risk permanent forfeiture.
The move has sparked mixed reactions, with some applauding the government’s firm stance while others criticize the abrupt enforcement. Analysts suggest the ultimatum may trigger a rush of payments but warn of legal challenges from affected entities.
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