The FCT Administration has placed a caveat on properties whose cases are already in courts as a step towards recovering the N29 billion debt owed it by property owners in the Federal Capital Territory.
The FCT Director of Information and Communication, Muhammad Hazat Sule said the caveat was to deny such titleholders access to the property and eventually forfeit same to the government.
He said the administration would continue with the prosecution of defaulters in courts preparatory to obtaining a court order for the forfeiture of the affected properties. The caveat would also safeguard such properties from being tampered with, through covert attempt to sell or transfer ownership, because the matter is being heard in court.
He said the FCTA took these steps to drive home the point that it was desirous of recovering the over N29 billion ground rents owed it by property owners. The implication is that a caveat when placed on any property, whether developed or undeveloped, and even if ground rent fully cleared, a written application must be submitted, and approval obtained before it can be lifted.
He said the FCT Administration was determined to recover all ground rent debts owed it by property owners in Abuja, adding all necessary procedure will be followed to achieve this.
