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FCTA goes after ground rent debtors to recover N29.5b

By Azimazi Momoh Jimoh, Abuja
17 June 2022   |   2:38 am
The Federal Capital Territory Administration (FCTA) has inaugurated a coordinating committee to recover ground rents of N29,506,643,943.98 owed to the administration by property owners in Abuja.

FCTA ( Federal Capital Territory Administration)

The Federal Capital Territory Administration (FCTA) has inaugurated a coordinating committee to recover ground rents of N29,506,643,943.98 owed to the administration by property owners in Abuja.

The nine-member panel, headed by the FCT General Counsel/Secretary of Legal Services Secretariat, Mohammed Umar, was charged with the additional responsibility of raising money for funding the activities of the FCTA.

FCTA Permanent Secretary, Adesola Olusade, while inaugurating the committee, in Abuja, yesterday, noted that since the inception of the administration, improvement in revenue generation had been of utmost importance.

He reiterated the importance of funds in the running of government, provision of infrastructure and delivery of quality services to the residents of the territory.

Olusade explained that funding was hampering the activities of FCTA, a modern capital city.

“The decision to embark on recovery of ground rents has, therefore, become a matter of necessity. We are serious about this. All those owing should come forward to settle their debts,” Olusade added.

The permanent secretary recalled that the FCTA had earlier migrated all revenue collections to the Treasury Single Account (TSA), via the Remita platform, to boost revenue generation, in compliance with the Federal Government’s directive.

“Despite all these efforts, the rate of revenue generation has not met the realities on the ground; hence, the need to exploit other frontiers,” he added.