By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Asokoro and Maitama To Repay the FCTA N3.1 Billion for Ground Rents.
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > Nigeria Housing News > Asokoro and Maitama To Repay the FCTA N3.1 Billion for Ground Rents.
Asokoro and Maitama To Repay the FCTA N3.1 Billion for Ground Rents.
Nigeria Housing News

Asokoro and Maitama To Repay the FCTA N3.1 Billion for Ground Rents.

By Author
Last updated: 2022/11/14 at 3:56 AM
By Author Published November 14, 2022
Share
Asokoro and Maitama To Repay the FCTA N3.1 Billion for Ground Rents.
SHARE

The Federal Capital Territory Administration (FCTA) is owed by property owners in the Federal Capital City’s Asokoro and Maitama districts a staggering N3,197,148,997.48, or 20 percent of all outstanding ground rent debts.

Recall how the FCTA had taken bold steps toward recovering these huge debts owed it by property owners by filing cases against the violators in courts. However, the cases are being prosecuted in batches beginning with the two highbrow areas of Asokoro and Maitama Districts respectively.

Accordingly, 1,504 and 1,475 demand notices meant for Asokoro and Maitama Districts amounting to 2,979 have been served on the defaulting titleholders in these districts through courier services.


Meanwhile, several cases are already pending in the courts. The Administration filed the cases seeking the court to either compel the debtors to pay the debts or forfeit their property to the government.

The FCTA had earlier placed litigation caveat on the affected properties whose cases are already in courts to tighten all loose ends and restrict transactions on such property, including illegal transfer of ownership.

The Administration it was gathered is determined to recover all Ground Rent debts owed it by property owners in Abuja, and all necessary procedure will be followed to achieve this. Government commenced the prosecution of the defaulting titleholders after several appeals from the FCT Administration for them to pay their debts fell on deaf ears.

The government is in court to seek for an order to compel debtors to clear their debts or forfeit the affected property, since they are recalcitrant in paying the debt, despite several warnings.

You Might Also Like

NAR Calls for Unified Global Response to Housing Crisis

Akure Community Orders Hundreds of GRA Landlords to Vacate, Citing Supreme Court Verdict

Ebonyi lawmakers push rent-control bill amid steep housing costs

Abuja’s Elite Estates Linked to Civil Servants, EFCC Reveals

Blaze Breaks Out at Mecca Hotel Housing Over 480 Nigerian Pilgrims

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: Africa housing news, real estate
By Author November 14, 2022 November 14, 2022
Share this Article
Facebook Twitter Email Print
1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?