By Omeiza Ajayi
The Federal Capital Territory Administration FCTA has asked organizations in the nation’s capital, Abuja, to pay up their ground rents within two weeks or risk revocation.
The administration is being owed billions of Naira in ground rents by both individuals and organizations with property in the territory.
According to a notice issued Tuesday night in Abuja and signed by the Permanent Secretary in the FCT, Mr Olusade Adesola, property owners are expected to pay their annual rents without promptings from the administration.
He said; “The Federal Capital Territory Administration hereby reminds the general public, particularly allottees of Land(s) within the FCT, of their obligation to the Administration as stipulated in the covenant terms of the Certificates of Occupancy to wit ‘to pay in advance without demand to the FCTA, the annual ground rent from the first day of January of each year’ and also note that a breach or failure to comply with any or all of…
Source: Vanguard Newspaper
