
The Digest:
FCT Minister Nyesom Wike has imposed a N5 million penalty on property owners in high-value Abuja districts, including former APC Chairman Abdullahi Ganduje and ex-Governor Olagunsoye Oyinlola, for illegally converting residential buildings to commercial use. Affected owners have 30 days to regularise their titles or face further sanctions.
Key Points:
- Properties in Maitama, Asokoro, Wuse II, and Garki districts are affected
- Owners must pay a N5m penalty and apply for land use conversion approval
- New 99-year titles will be issued upon compliance
- The policy excludes properties already revoked for non-development or unpaid rents
- High-profile violators include former justices, politicians, and NNPC Limited
- The move aims to enforce urban planning regulations in the capital
- Non-compliance could lead to the revocation of the right of occupancy
Sources: TheCable,