The Federal Capital Territory Administration (FCTA) has announced a drastic and unforgiving crackdown on property fee defaulters, and it’s about to shake the foundations of the real estate market! Brace yourselves, property owners,those who thought they could escape their financial duties are in for a rude awakening!

According to the flamboyant Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the FCT Minister, Nyesom Wike, the urgency of this situation cannot be overstated. Those who have turned a blind eye to their responsibilities will soon feel the heat of consequences raining down on them!

In a move that some might call generous, the FCTA had previously extended a grace period for these so-called “defaulters.” Following a nudge from President Bola Tinubu, Wike offered a mere 14-day window for property owners to cough up their outstanding ground rent and other fees. Will this leniency be enough to save those who have sat idly by? Only time will tell!

But wait, there’s more! Additional notifications were sent out on September 8, 9, and 10, detailing a revised Land Use/Purpose Clause that could leave some property owners reeling. The deadline for settling penalties and violation fees has been set at a staggering 30 days, with fines that could skyrocket to ₦5 million! Talk about a financial wake-up call!

Olayinka wasn’t done yet,he further revealed that a final 14-day grace period has been issued for compliance in key areas like Asokoro, Maitama, Garki, and Wuse. This isn’t just a suggestion; it’s a directive that demands attention! Property owners, take note: the FCTA means business, and your failure to comply could result in dire consequences.

As the countdown to enforcement kicks off, the FCTA is gearing up to unleash its full power on those who dare to defy the payment of ground rent and other fees. This includes individuals who have had the audacity to purchase properties without obtaining the mandatory Minister’s consent and registering their deeds of assignment. The nerve!

Make no mistake,this isn’t just about money; it’s a show of the FCTA’s unwavering commitment to uphold property laws and ensure that every property owner plays their part in the development and maintenance of the Federal Capital Territory. The message is clear: comply or face the consequences!