News
FCTA to take-over 4,794 properties revoked over non-payment of Ground Rents
Federal Capital Territory Administration FCTA said it will next Monday begin to take possession of the 4,794 properties revoked over non-payment of Ground Rents, for between 10 and 43 years. The administration said it will take possession of the properties without consideration as to their ownerships. Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the FCT minister, Nyesom Wike alongside the Director of Land Administration, Chijioke Nwankwoeze and Director, Department of Development Control, Mukhtar Galadima, disclosed this at a news conference Friday in Abuja. On March 19, this year, the Administration had revoked the Wadata Plaza national secretariat of the Peoples Democratic Party PDP in Wuse Zone 5 for serial non-payment of ground rents.
While administration officials said the plaza is privately owned and does not belong to the PDP, they said its owner, one Samaila Mamman Kofi, who bought it from Wadata and got his papers registered by way of Assignment, owes 28 years worth of ground rent from 1998 to 2025, which is computed to be N2.84 million. Other properties whose title where revoked, according to the FCTA included those of the Nigeria Postal Authority, the Central Bank of Nigeria CBN, Nigerian National Petroleum Company NNPC, the Independent National Electoral Commission INEC, the National Universities Commission NUC, the Borno State Government, the Nigeria Delta Development Corporation NDDC, the Federal Radio Corporation of Nigeria FRCN, the Federal Ministry of Environment, the Nigerian Security Printing and Minting Company among others.
They said; “ownership of the revoked 4,794 properties in the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and Guzape districts, had already reverted to the FCTA, and as from Monday, next week, the government will begin to exercise its rights of ownership on the affected landed properties. “As usual, this will be done without consideration as to ownership of the affected landed properties. It will be purely in line with extant laws and regulations guiding the process.” The Director of Development Control, Mukhtar Galadima explained that affected properties will be sealed up and access to them restricted as from Monday. He said the FCTA will decide what to do with the affected properties in due course. Dismissing claims that some affected property owners had gone to court, the Director of Lands, Chijioke Nwankwoeze, said there was no court decision on the revocation, and so the FCTA is not restricted in the discharge of its lawful functions on the affected properties. Nwankwoeze added that the FCTA was already compiling records of compliance and non-compliance of title holders who were in default of payment of Ground Rents for between one to ten years, who were given a grace of 21 days to pay up. According to him, government will act accordingly as soon as the records are fully compiled and analyzed. He said; “Recall that on March 18, 2025, we informed you of the revocation of 4,794 land titles in the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and Guzape districts.
“These 4,794 properties were among the total of 8,375 land titles on which Ground Rent was not paid from one year to 43 years. We did say then that consequent upon the revocation of these titles, ownership of the affected properties have reverted to the Federal Capital Territory Administration FCTA. “As from Monday, May 26, 2025, the FCTA will begin to take possession of the affected properties, using relevant agencies of government. As usual, this will be done without consideration as to ownership of the affected properties. It will be purely in line with extant laws and regulations guiding the process.
It will be recalled that a grace of 21 Days was given to title holders that were in default of payment of Ground Rent for between one and ten years, to pay up or have their land titles revoked. “Relevant agencies of the FCTA are already compiling records of compliance and non-compliance with this directive, with a view to acting accordingly. It is important to state that payment of Ground Rent on landed properties in the FCT is founded on extant legislation. It is clearly stipulated in the terms and conditions of grant of Right of Occupancy, and it is due for payment on the first day of January, each year, without demand. In March, this year, list of land titles in default of payment of Ground Rent was compiled in the ten oldest districts of Phase 1 of the Federal Capital City (FCC), namely; Central Area District (Cadastral Zone A00), Garki I (Cadastral Zone A01), Wuse I (Cadastral Zone A02), Garki II (Cadastral Zone A03), Asokoro (Cadastral Zone A04), Maitama (Cadastral Zone A05), Maitama (Cadastral Zone A06), Wuse II (Cadastral Zone A07), Wuse II (Cadastral Zone A08) and Guzape (Cadastral Zone A09). In the listed districts, a total of 4,794 land titles were in default of Ground rent payment for 10 years and above. As at then, a total of N6,967,980,119 was being owed as Ground Rent by 8,375 property owners.
“This contravenes the terms and conditions of grant of the Rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act. Consequently, the titles of the properties in default were revoked in March 2025. Therefore, from Monday, May 26, 2025, the FCTA will begin to exercise its lawful rights of taking possession of these revoked properties”.
Cardano (ADAUSD) climbed amidst tight trading activities in the crypto market, up by 1.05% in the past 24 hours, showing resilience near key support.
The price ticked up on Sunday amidst negative movements in the global crypto market. The gain has reduced its negative movement in the week to 1%. Cardano is showing strength with a $70 million ADA treasury push and a bullish December setup, but it faces key resistance amidst competing traders.
The token is trading at $0.4165 at the time of filing the report on Sunday, gaining more than 1% on the day as volume traded reached $359.252 million. The token is in a notable correction from its November highs. Recent trading activity reflects pronounced investor caution. Over a 30-day period, ADA has declined approximately 15%, mirroring the broader pressure on risk assets from macroeconomic uncertainties.
Sentiment trades mixed, as retail and mid-sized investors are accumulating at lows, but large holders remain sceptical. Cardano’s privacy-centric Midnight Network went live after years of development, introducing NIGHT – the first native asset on Cardano.
According to crypto analysts, Short-term speculation around NIGHT airdrops and interoperability boosted ADA demand. ADA rebounded from $0.371–$0.416 after testing an ascending trend line connecting 2023–2025 lows. Traders interpreted the bounce as a bullish divergence, but ADA remains below critical resistance of $0.5113 and its 200-day EMA of $0.68.
ADA’s minor rally reflects optimism around Midnight’s launch and oversold technicals, but scepticism about its ecosystem impact and whale selling caps upside. While the price surges, analysts stated that Cardano balances technical hope against macroeconomic headwinds, with Midnight’s adoption trajectory and $0.51 resistance serving as critical watch points.
While governance upgrades signal maturing decentralisation, crypto analysts are still querying whether ADA can leverage these developments to reverse its 2025 underperformance.
The National Drug Law Enforcement Agency has recovered over 7.6 million pills of tramadol and a total of 76,273.4 kilograms of different strains of cannabis.
The agency’s spokesman, Femi Babafemi, said this in a statement on Sunday in Abuja. Mr Babafemi said that the drugs, including Colorado, Loud and Skunks, had several members of drug trafficking organisations linked to the seizures arrested.
He said that out of the total opioids seized during the raids, not less than 3,874,000 pills of tramadol, 225mg and 100mg, and others, as well as 252.2litres of codeine syrup were recovered. He said that they were recovered from a warehouse at Oko market, Asaba, Delta, on Saturday. He also said that no fewer than 1.2 million tablets of tramadol 225mg were seized from a suspect on December 3.
This, he said, was when NDLEA operatives on patrol at Orogwe, along the Onitsha-Owerri road, Imo, intercepted his vehicle conveying the consignment, which was loaded at Aba, Abia, and heading to Onitsha, Anambra. Meanwhile, in Adamawa, NDLEA officers on December 1 intercepted a Toyota Hiace bus marked MGU 554 XB along Maraba-Mubi, coming from Jos, Plateau state, and heading to Mubi, with a total of 1,577,112 capsules of tramadol.
“Other drugs intercepted were Exol-5 tablets, all concealed inside jumbo bags mixed with new rubber sandals and slippers. Two suspects were arrested in connection with the seizure. Similarly, another 27-year-old suspect was nabbed along Zaria-Kano road, Kano state, with 197,000 pills of exol-5,” he said.
The NDLEA chairman, Buba Marwa, commended the officers and men of the SOU commands in Delta, Adamawa, Imo, Ondo, Lagos, and Kano for the arrests and seizures. Mr Marwa said that their operational successes, along with those of their compatriots across the country, especially their balanced approach to drug supply reduction and drug demand reduction, were well appreciated. NAN
The Presidential Enabling Business Environment Council (PEBEC) has released the 2025 Subnational Ease of Doing Business (EoDB) Report, with Lagos emerging as the best-performing state, scoring 85.6 per cent.
The report released by the director-general of PEBEC, Zahrah Mustapha-Audu, has Kaduna in second position with 65.1 per cent. Oyo, FCT, and Ogun rounded up the top five with scores of 62.7 per cent, 61.0 per cent, and 59.9 per cent, respectively. Others include Enugu (56.2 per cent) in sixth position, with Plateau (56.2 per cent), Ekiti (55.8 per cent), Kano (54.8 per cent), and Nasarawa (53.4 per cent) rounding out the top 10 states.
The EoDB report is a comprehensive data-driven assessment of how Nigeria’s 36 states and the FCT are shaping business competitiveness through regulation, infrastructure, and administrative efficiency.
The report assesses performance across 16 indicators and 36 sub-metrics covering electricity, infrastructure, digital connectivity, land administration, taxation, trade logistics, justice delivery, investor support and skilled labour readiness.
According to the DG, these states distinguished themselves through consistent reform momentum, improved digital processes, and more predictable regulatory environments. “The 2025 Report also highlights five priority interventions states can implement immediately. These include establishing investor aftercare systems, strengthening MSME credit enablement, harmonising interstate trade rules, upgrading commercial justice processes, and improving power reliability for industrial clusters,” she said.
According to her, PEBEC will continue to support state-led reform adoption, particularly under the $750 million State Action on Business Enabling Reforms (SABER) programme. She added that “the 2025 Subnational EoDB Report provides a critical foundation for policy action, investment decisions, and long-term competitiveness across Nigeria.”
The DG said the Subnational Ease of Doing Business Report is available for download at www.pebec.gov.ng/reports
PEBEC had earlier released its 2025 Business Facilitation Act (BFA) Performance Report, covering MDAs’ performance from January to October. This performance report is part of the council’s effort to track and measure the compliance of federal government MDAs with the BFA’s requirements on promoting Transparency and Efficiency of government-delivered services to the business community.
The report presents a data-driven assessment of 69 priority MDAs, drawing on monthly compliance submissions, independent mystery shopping, website audits, ReportGov analytics, and targeted process-verification exercises.
According to the report, the top five performing MDAs include the Nigerian Content Development and Monitoring Board (NCDMB), with an impressive 90.6 per cent score, followed by the National Drug Law Enforcement Agency (NDLEA) at 89 per cent. The Nigeria Customs Service (NCS), ranks third with 86.6percent, the Nigerian Communications Commission (NCC) and Nigerian Ports Authority (NPA) secured the fourth and fifth positions, scoring 85.3 per cent and 84.2 per cent, respectively.
PEBEC, currently chaired by Vice President Kashim Shettima, was established in July 2016 by the federal government to oversee Nigeria’s business environment intervention. It has a dual mandate of removing bureaucratic and legislative constraints to doing business and improving the perception of the ease of doing business in Nigeria. NAN
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