N29b Debt: Defaulters of ground rent risk property forfeiture -FCTA
Property owners who have failed to pay their outstanding ground rents of N29, 506,643,943.98 risk prosecution, revocation or outright forfeiture as the coordinating committee on the recovery of outstanding ground rents owed the Federal Capital Territory Administration (FCTA) commence work,
The FCT Administration decided to set up this Coordinating Committee because after several appeals and notices served to the affected property owners, they remain adamant.
It may be recalled that the FCT Permanent Secretary, Mr. Adesola Olusade recently inaugurated a debt recovery committee with the mandate to recover the outstanding debts owed the FCT Administration with particular interest in ground rents and other sundry fees in the Land Administration as well as other Land related departments.
Accordingly, the Committee is expected to formally start communicating to the affected persons and corporate bodies as from Friday, July 1, 2022, after which those who failed to comply in paying their outstanding debt would be prosecuted.
The Administration is forced to adopt these measures due to the non-compliant by the affected individuals and corporate organizations.
The Recovery Committee has already swung into action and perfected modalities towards achieving this onerous task, because the government needs resources to execute essential infrastructural projects in the Federal Capital Territory.
The Committee, which has since been meeting to fine tune strategies for the task ahead, also warned debtors of dire consequences should they allow the committee to fully execute its mandate, if they refused to pay the outstanding land fees.
The Committee also assured that it will rigorously carry out its mandate to the latter, because ‘no stone will be left unturned’, in carrying out the assignment.
