In a bid to promote development and discourage land speculation, the FCT Minister, Mr Nyesom Wike, has generously given a three-month grace period for the owners of 189 undeveloped plots of land in the Abuja territory. These landowners are required to commence development within this period or risk having their allocation papers revoked.
The Director of Information and Communication at the FCT Administration, Mr Muhammad Sule, made this announcement on Sunday in Abuja. He explained that the affected title holders had obtained building plan approvals but had failed to develop their properties accordingly.
Emphasizing the importance of adhering to extant laws, Sule clarified that both individuals and corporate organizations who had shown intentions to develop their properties by obtaining building plan approvals were given this grace period. Furthermore, public institutions in possession of land titles within the FCT were also encouraged to develop their land within the stipulated period to avoid any sanctions.
Speaking on the matter, Sule quoted the minister as saying, “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. 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.”
Mr Wike urges the affected property owners to take advantage of this opportunity and promptly develop their plots in accordance with the terms of their Offer of Right-of-Occupancy.
