The FCT Minister, Mr. Nyesom Wike, has given owners of 189 undeveloped pieces of property in the territory a three-month grace period to begin development or risk having their allocation documents cancelled.
On Sunday in Abuja, Mr. Muhammad Sule, Director of Information and Communication at the FCT Administration, said that although the affected title holders had received approval for the development plans, they had not yet begun to develop the properties.
According to Sule, the affected property owners must develop the land within the allotted time frame, fail to do so, and their title certificates would be withdrawn in accordance with the law.
He clarified that the grace period was available to both private citizens and corporations who had demonstrated a desire to develop their property by securing building plan permits.
Sule noted that public institutions were urged to develop whatever land they own within the FCT within the three-month grace period in order to avoid the penalty.
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“The minister has extended this gesture to 189 property owners due to their desire to develop the properties by obtaining building plan approvals, a prerequisite for the development of any property in the FCT,” Sule was quoted by NAN as saying.
“Owners of the plots were exempted from revocation because they had already demonstrated firm commitment to develop their property by obtaining necessary documents from the FCT Administration.
“The minister is urging the affected property owners to take advantage of the gesture and develop their plots in line with the terms of their Offer of Right-of-Occupancy.”
