FG Introduces Proof of Ownership Fee For All Categories of Vehicles
The Federal Government has announced the introduction of a policy that mandates all vehicles owners to obtain a Proof of Ownership Certificate (POC).
Unveiling the new policy at the Bagauda Kaltho Press Centre, Alausa, Lagos, the Permanent Secretary, Ministry of Transportation, Engr AbdulHafiz Toriola, said the certificate which will come into force in Lagos state in July and that it would be part of requirements to be renewed annually.
Prior to this new policy, Nigerians only obtain Proof of Ownership when they purchase a used vehicle or change the engine of your vehicle.
Speaking about the new policy, Toriola explained that the POC policy would affect all classes of vehicles from motorcycle, to tricycle, to mini vehicles, saloon cars, all classes of trucks, articulated vehicles and such likes that conveys people or products from one point to the other.
Toriola said the certificates will contain vital information including the vehicle’s registration details, such as, licence number plate, model, year of manufacture in addition to owner’s name and address.
According to him, all States of the Federation are expected to begin the implementation of the new policy, and each vehicle owner is expected to pay a minimum of N1,000 to procure the document.
