The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced that the FCT Administration (FCTA) has fixed the fee for the issuance of Certificate of Occupancy (C of O) at N5 million for each land allocation. He made this declaration at a meeting with estate developers on Tuesday.
According to Wike, the applicants would have four months to pay the fee after receiving their land allocation, and then they would get their C of O.
He also said that he would seek the approval of President Bola Tinubu to link the National Identification Number (NIN) of the applicants to their C of Os.
Wike explained that the C of O was a vital document that enabled the landowners to do business with their property. He said that the FCTA would no longer allow the allocation of land to more than one person.
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Wike said, “When we make the right decision, some people will be happy, and some will not. The rich will kick against some of our decisions, but anything that will help our people must be done.”
He assured the estate developers that he would ensure orderliness and sanity in the land administration system and processes in the FCT.
The minister reminded them that he had inaugurated a task force on the issuance of C of O for housing estates and the recovery of land use contravention fees on November 14.
He had said that the aim of the task force was to ensure that each unit in a housing estate had a separate C of O.