Real Estate 14/07/2022
N29BN Ground Rent Debt: Asokoro, Maitama Property Owners, Highest Debtors
Property owners in the affluent Asokoro, Industrial Area II, and Maitama Districts are the highest debtors, owing 10.67, 9.43, and 9.29 per cent of the total amount owed, respectively, as the Coordinating Committee on the Recovery of Outstanding Ground Rents of N29,506,643,943.98 owed the FCT Administration gains momentum.
The Committee is already perfecting the legal paperwork necessary to prosecute, revoke, or outright forfeiture all property owners who have refused to pay despite repeated warnings.
As the Committee works, it has found that most of the debtors are landowners in the affluent Asokoro, Industrial Area II, and Maitama Districts of Abuja, the nation’s capital city.
This was contained in a statement made available to journalists by Muhammad Hazat Sule Director, Information & Communication, FCT/Chairman, Media & Publicity Sub-Committee on Thursday in Abuja.
Accordingly, property owners in Asokoro District alone constitute 10.67 percent of the Ground Rents defaulters, while the titleholders in Industrial Area II and Maitama Districts comprise 9.43 per cent and 9.29 per cent respectively.
It would be recalled that the FCT Permanent Secretary, Mr Adesola Olusade recently inaugurated a debt recovery committee with the mandate to recover the FCT Administration’s outstanding debts with a particular interest in ground rents and other sundry fees in the Land Administration Department as well as other stakeholder’s departments.
Property owners in other districts such as Central Business Districts, Industrial Area I & Extension, and Wuse I & II are owing the Administration to the tune of 8.21 per cent, 5.18 percent, 5.1 percent, and 4.81 percent respectively.
Titleholders in Garki I & II, Katampe and Jabi Districts are in default of 3.4 per cent, 3 per cent, 2.21 per cent, and 2.15 per cent respectively.
Property owners in other districts like Kukwaba, Gwarinpa I, Gudu, Kado, Karmo, Katampe Extention, Utako, Mabushi, Durumi, Daki-Biyu, Guzape, Jahi, Dutse Wuye and Institutions & Research are owing various degrees of percentages.
Thus, the Committee is committed to carrying out its assignment as mandated by the FCT Administration whilst all titleholders must honour their obligation to clear the debts.
It is more honourable and responsible for property owners to rush to clear their outstanding debts because it will not be business as usual as the government needs these funds to fast-track the infrastructural development of the Federal Capital Territory.
Meanwhile, the committee has since dissolved into sub-committees of Publicity, Administration, Legal and Finance respectively for effective and diligent execution of its mandate.