ADVERTISEMENT
TechEconomy
Tuesday, May 27, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default

FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default

Latifat Fashina by Latifat Fashina
May 26, 2025
in Finance
0
FCTA Seals FIRS, Access Bank Over 25-Year Ground Rent Default
Sealed FIRS Building

Sealed FIRS Building

RelatedPosts

Africa's Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

Africa’s Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

May 27, 2025

Naira Strengthens for Seventh Consecutive Day, Closes at N1,579/$1 in Official Market

May 27, 2025

The Federal Capital Territory Administration (FCTA) on Monday sealed the Federal Inland Revenue Service (FIRS) office, an Access Bank branch, and a fuel station in Abuja over non–payment of ground rent.

Speaking during the exercise, Chijoke Nwankwoeze, director of Lands at the FCTA, explained that the operation marked the commencement of enforcement against 4,794 properties whose land titles were revoked due to non-payment of ground rent.

He further disclosed that the FIRS office, located on Plot 627, Wuse Zone 5, had failed to pay ground rent for 25 years. Similarly, the Access Bank building on Plot No. 2456, Wuse I, Cadastral Zone AO2, owned by Rana Tahir Furniture Nigeria Limited, had outstanding ground rent payments spanning 34 years.

Mukhtar Galadima, director of Development Control, stated that the sealed properties were in furtherance of the FCTA’s plan to reclaim over 4,000 properties. 

He said, “Today is just to comply with what we have said that we are going to take over all the revoked properties, and we are starting with Plot 534, Cadastral Zone AO2 at Wuse Zone 1, owned by Total PLC.”

Last week, the FCTA announced its intention to commence the physical takeover of affected properties, following repeated warnings to defaulters. It was revealed that the total outstanding ground rent owed by property owners had reached over N6.9 billion, leading to the revocations.

Loading

Advertisements
MTN ADS

0Shares
Tags: Abuja Ground Rent DefaultAbuja Land DisputeAccess Bank Sealed AbujaFCTAFCTA Land RevocationFCTA Seals FIRSFederal Capital Territory.FIRS Ground RentNigeria Government ActionNigeria Property EnforcementNon-Payment Ground Rent
Previous Post

CBEX: EFCC Recovers Funds as Trail Leads to Europe, Cambodia

Next Post

Airtel AI Spam Alert Service Flags 9.6 million Spam Attempts in Two Months

Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

Related Posts

Africa's Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies
Finance

Africa’s Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

by Joan Aimuengheuwa
May 27, 2025
0

Formal remittance inflows to Africa hit $90.2 billion in 2023, almost double what the continent received in foreign aid

Read more
NairaWatch, Naira and dollar

Naira Strengthens for Seventh Consecutive Day, Closes at N1,579/$1 in Official Market

May 27, 2025
Nigeria's Foreign Portfolio Investments Surge Amid Policy Reforms

Foreign Portfolio Inflow Falls 92.4% in April 2025

May 26, 2025
Nigeria’s Diaspora Remittances, eBanking and epayment

Nigeria: Diaspora Remittances Hit $328.8m in 4 Months

May 26, 2025
fake Naira notes in circulation | Bonds

FG to Auction N300 Billion Bonds May 26

May 23, 2025
'Odogwu Platform by Customs

How Stanbic is Assisting Customs Streamline B’Odogwu adoption

May 23, 2025
Next Post
Airtel Photo AI SPAM ALERT - Copyright - Techeconomy

Airtel AI Spam Alert Service Flags 9.6 million Spam Attempts in Two Months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.