Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»News»Wike Slams N5m Fine, 7.5% Property Levy on Defaulter
News

Wike Slams N5m Fine, 7.5% Property Levy on Defaulter

meridianspyBy meridianspySeptember 3, 2025Updated:September 3, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

Wike Slams N5 fine, 7.5% FCT Minister Nyesom Wike has approved and imposed a N5m fine, payable within a period of 30 days, for allottees and land title holders who have contravened the Land Use Act in the FCT.

Wike gave the approval after receiving a report from the Committee set up to address the abuse of the Land Use Act in the FCT, in his office, on Tuesday.

He also assented to a 7.5 per cent charge on the Assessed Capital Value of properties converted without the knowledge or express permission of the FCT administration, also payable within 30 days.

“I am not going to leave anybody to go free. We are looking for money to carry on projects. If you fall into our trap, it’s your business.

“We are trying to raise money for the FCT. But if you don’t want, we will take back your title, we will sell it, we will still raise money. You have to pay the penalty and pay for the conversion, they are two things.

“I am aware that certain areas are designated for residential, certain areas are designated for commercial.

“But people believing that they can do anything without approval from government have changed residential to commercial, some have changed commercial to residential, and some have changed for all kind of mixed uses.”

Wike said that if such people are not sanctioned,they would continue to default.

READ ALSO  FG Commences Construction of 250-unit Housing Estate for Civil Servants

Also speaking,the Chairman of the Land Use and Purposes Clause committee,Mukhtar Galadima ,said the committee found that many properties in some areas have been converted from their original purposes.

Galadima who is also the Director Development Control,listed such areas as:Ademola Adetokunbo Street, Aminu Kano Crescent, Yakubu Gowon Street, Gana Street, among others.

“Those properties have been converted to residential, commercial or mixed usage, contravening the original agreements.

“The total capital value of the said properties amounted to N1,037,478,716,500.”

Galadima recommended various sanctions on the defaulting title holders, including sealing of property, removal of buildings and structures, revocation, and withdrawal of titles, if they failed to pay the fines.

“The Committee hereby recommends as follows: That, allottees/title holders of land and properties affected by the land use change/conversion, pay within 30 days from the date of conveyance of approval.

“They will also pay the Land Use Conversion fee of 7.5% of the assessed Capital Value of the properties as contained in the Schedule/Valuation Report Sheet.

“That, allottees/title holders of the land and properties affected by the land use change/conversion, in addition to payment of Land Use Conversion fee, pay statutory Right of Occupancy bills applicable for the new land use/purpose clause and as charged for the District;

“That, where illegal/unapproved extension, merger and subdivision has been established, the allottee/title holder of the property,pay within 30 days from the date of conveyance of approval”

Galadima said that extension/merger/ subdivision fee of the extant 2.0 per cent of the assessed Capital Value of the properties as contained in the Schedule/Valuation Report Sheet would also be paid

READ ALSO  Cross River Gov Orders Aides to Withdraw Case Against Critic

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

No related posts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

Tinubu Appoints Mustapha Abdullahi Secretary, Sports Sector Mobilisation for APC Campaign Council

August 22, 2026

Ben Bruce to Governors: Spend 5% of FAAC on Transport Subsidy

August 22, 2026

EFCC, ICPC summon NFF officials over N12bn FG fund

August 21, 2026
Search
Recent Posts
  • Tinubu Appoints Mustapha Abdullahi Secretary, Sports Sector Mobilisation for APC Campaign Council
  • Ben Bruce to Governors: Spend 5% of FAAC on Transport Subsidy
  • Kwara Politics: Senator Saliu Mustapha Resigns From APC
  • Oil Output Rises As Pipeline Losses Decline
  • EFCC, ICPC summon NFF officials over N12bn FG fund
  • Plane crash kills eight at US Air Force site in Alaska
  • Tinubu Orders Fresh Mapping of Nigeria’s Illicit Arms Network After 10 Years
  • CBN To Boost Digital Payment Adoption for economic Devt
  • Dangote Hikes Petrol Price as Crude Oil Hits $93
  • 𝐏𝐨𝐥𝐢𝐜𝐞 𝐖𝐚𝐫𝐧 𝐘𝐨𝐮𝐭𝐡𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐓𝐡𝐮𝐠𝐠𝐞𝐫𝐲, 𝐂𝐲𝐛𝐞𝐫𝐜𝐫𝐢𝐦𝐞 𝐈𝐧 𝐁𝐚𝐮𝐜𝐡𝐢
  • 𝐀𝐫𝐦𝐲 𝐑𝐞𝐬𝐜𝐮𝐞𝐬 𝟏𝟎 𝐂𝐢𝐯𝐢𝐥𝐢𝐚𝐧𝐬 𝐈𝐧 𝐒𝐨𝐤𝐨𝐭𝐨, 𝐊𝐞𝐛𝐛𝐢, 𝐙𝐚𝐦𝐟𝐚𝐫𝐚
  • 𝐀𝐏𝐂 𝐂𝐡𝐢𝐞𝐟𝐭𝐚𝐢𝐧 𝐋𝐚𝐮𝐝𝐬 𝐓𝐮𝐧𝐣𝐢-𝐎𝐣𝐨’𝐬 𝐃𝐢𝐫𝐞𝐜𝐭 𝐑𝐞𝐥𝐢𝐞𝐟 𝐓𝐨 𝐎𝐧𝐝𝐨 𝐅𝐥𝐨𝐨𝐝 𝐕𝐢𝐜𝐭𝐢𝐦𝐬
  • FG Commences Construction of 250-unit Housing Estate for Civil Servants
  • 𝐄𝐱𝐩𝐞𝐫𝐭 𝐖𝐚𝐫𝐧𝐬 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐔𝐬𝐢𝐧𝐠 𝐏𝐚𝐥𝐦, 𝐕𝐞𝐠𝐞𝐭𝐚𝐛𝐥𝐞 𝐎𝐢𝐥 𝐀𝐬 𝐒𝐞𝐱𝐮𝐚𝐥 𝐋𝐮𝐛𝐫𝐢𝐜𝐚𝐧𝐭
  • 𝐄𝐱-𝐙𝐚𝐦𝐛𝐢𝐚𝐧 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐊𝐢𝐥𝐥𝐞𝐝 𝐃𝐮𝐫𝐢𝐧𝐠 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐑𝐚𝐢𝐝, 𝐏𝐨𝐥𝐢𝐜𝐞 𝐂𝐨𝐧𝐟𝐢𝐫𝐦
Categories
  • Business
  • Crime
  • Education
  • Entertainment
  • Environment
  • Foreign
  • Health
  • Investigations
  • Labour
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Technology
  • World news
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.