Wike Saves N110b for FCT

Minister of Federal Capital Territory (FCT), Nyesome Wike has saved a sum of N110b for the FCT administration within his first three months in office, the minister has declared.

He also announced the pegging of cost of issuance of Certificate of Occupancy (C-of-O) at N5 million.

Wike made the declaration at a meeting with estate developers in Abuja on Tuesday.

He said payment could be made within four months of land allocation after which the C-of-O would be handed over to the applicant.

The minister added that he would seek the approval of President Bola Tinubu to link applicants’ National Identification Number to C-of-Os before issuance.

The former Rivers governor said the era where three or more persons were allocated the same plot of land with fake C-of-O was over.

“Allocation of land to three or more persons will no longer be allowed because the C-of-O enables you to do business.

“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,’’ he said.

Wike promised to ensure orderliness and sanity in land administration system and processes in the FCT.

The minister expressed worries that workers’ salaries at the FCT Administration and the Federal Capital Development Authority gulped N8.9 billion monthly.

He 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.

The minister inaugurated a taskforce on the issuance of Certificate of Occupancy (C of O) for housing estates and recovery of land use contravention fees on November 14.

He explained that the measure was to ensure that each unit in the housing estates had its separate C-of-O.