Wike pegs Abuja CofO at N5m

The Minister of the Federal Capital Territory, Nyesom Wike,  says the FCT Administration has pegged the cost of issuance of a Certificate of Occupancy (CofO) at N5 million.

Wike made this known at a meeting he held with estate developers in Abuja on Tuesday, November 21.

The minister said payment could be made within four months of land allocation after which the CofO would be handed over to the applicant.

He added that he would seek the approval of President Bola Tinubu to link applicants’ National Identification Number (NIN) to CofO before issuance.

Wike said the era where three or more persons were allocated the same plot of land with fake CofO in Abuja was over.

Wike said: “Allocation of land to three or more persons will no longer be allowed because the CofO enables you to do business.

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“When we make the right decision, some people will be happy, and some will not. The rich will kick against some of our decisions, but anything that will help our people must be done.”

The minister further promised to ensure orderliness and sanity in land administration system and processes in Abuja.

Wike, who expressed worries that workers’ salaries at the FCT Administration and the Federal Capital Development Authority gulped N8.9 billion monthly, said he had saved N110 billion for the FCT barely three months into office and assured that the funds would be attached to specific projects.

Wike inaugurated a taskforce on the issuance of CofO for housing estates and the recovery of land use contravention fees on November 14.

He explained that the measure was to ensure that each unit in the housing estates has its separate CofO.

The Star