The FCT Minister, Malam Muhammad Musa Bello has said that the FCT Administration is working towards hastening the issuance of Certificates of Occupancy to owners of all landed properties in the territory, including those ones in estates.
Bello made this disclosure while receiving a delegation of the Real Estate Development Association of Nigeria (REDAN) led by its national president, Surveyor Ugochukwu Chime in his office
The minister explained that the policy is to make valid title documents available for all landed properties in the Federal Capital Territory, irrespective of the size to ease the land related transactions and transfer of title between parties.
He said that it is the duty of the FCT Administration to ensure that owners of properties in Abuja benefit from obtaining credit facilities from financial institutions the way it is done all over the World.
He said, “Properties anywhere in Abuja would be certificated, whether they are just on one-off plot, in estates or high-rise buildings. Wherever they are, we have realized that it’s very important for every person to have a title document for his or her building or land. This is something that we are working on and we feel very encouraged that a reputable group like REDAN is also advocating the same thing.”
The minister called on REDAN to come forward with further ideas that could help in fine-tuning this policy.
Originally published in DailyTrust