FCTA recovers N1.9bn in ground rent following Wike’s Directive – moneyamebo

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  • The Federal Capital Territory Administration (FCTA) has announced a significant financial recovery of N1.9 billion in ground rent for the Abuja Geographic Information System (AGIS)
  • Isiaku Ndatsu Alfa, the acting director of the AGIS, disclosed that since the minister issued a two-week ultimatum, property owners owing ground rents have kept their offices busy
  • Alfa said since Wike issued the threat and started the publication of the debtors’ details, the AGIS has generated N1.9bn, and it is projected to double by the end of September

FCT, Abuja – The Federal Capital Territory Administration (FCTA) has announced a significant financial recovery of N1.9 billion in ground rent, thanks to a directive from the Minister of the FCT, Nyesom Wike.

Wike recently issued a directive to streamline the collection of ground rent in the Federal Capital Territory (FCT). The directive aimed to ensure that all eligible properties within the FCT were appropriately assessed and that ground rent arrears were recovered.

 

It was observed that the debtors of ground rents visited the AGIS office daily so that they could beat the ultimatum issued by the minister and prevent their property from impending revocation.

Isiaku Ndatsu Alfa, the acting director of the AGIS,explained that the Minister’s directive has forced the debtors to pay up their ground rents.

Wike’s threat boosts AGIS’ revenue in 30 days

According to Nsatsu, the collections from June to July were at the lowest, but soon after the order by the minister in August, ground rents revenue increased to N500 million and steadily to over N1 billion.

The acting director of the AGIS explained that as of September 17, 2023, AGIS had generated N1.9 billion, projected to double by the end of the month.

Recently, Nyesom Wike revoked plots of land owned by some top politicians in the FCT.

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