Nyesom Wike, the Minister of the Federal Capital Territory (FCT), declared on Tuesday, November 21, that he has successfully saved N110 billion for the Federal Capital Territory Administration (FCTA) since assuming office.
The announcement came during a meeting with estate developers in Abuja, where Wike discussed various aspects of the FCT’s administration.
Expressing concern over the prevalence of fake Certificates of Occupancy (C of O) in the land acquisition process, the minister conveyed his dissatisfaction with the situation. Additionally, he highlighted instances of corruption within the system, where individuals were reportedly required to pay N5 million to obtain a C of O.
Wike, acknowledging the need for transparency and efficiency, revealed his intention to seek President Bola Tinubu’s permission to integrate National Identification Numbers (NIN) into the issuance of Certificates of Occupancy under his administration. This move aims to enhance the credibility of land documentation and address issues related to fraud and malpractices in the FCT’s land acquisition processes.