Federal Government Sets 60-Day Deadline for C of O Debt Settlement, Threatens Revocation

The Federal Ministry of Housing and Urban Development has issued a 60-day deadline for Federal Certificate of Occupancy holders to settle outstanding debts or face title revocation. Minister Ahmed Dangiwa, addressing the issue at the Directors of Lands Conference in Abuja, highlighted that non-compliance has cost the government trillions in revenue. Under President Tinubu’s Renewed Hope Agenda, this crackdown aims to improve accountability and fund national development initiatives.
Federal Government Sets 60-Day Deadline for C of O Debt Settlement

In a decisive move, the Federal Ministry of Housing and Urban Development has issued a 60-day deadline for property owners holding Federal Certificates of Occupancy (C of O) to clear their outstanding debts or face title revocation.

Minister Ahmed Dangiwa made this announcement on Wednesday at the 29th Conference of Directors of Lands in Abuja, drawing attention to the ministry’s growing concerns over unpaid ground rent and statutory fees.

Non-Compliance Costs Trillions in Revenue

Speaking on the conference theme, “Equitable Land Stewardship: Challenges of Land Administration and Its Impact on Climate Change and Community Rights,” Dangiwa highlighted the heavy revenue losses caused by non-compliance, estimating a loss of trillions of naira in government revenue.

The Minister remarked, “It is concerning that many property title owners have repeatedly neglected payment obligations, blocking efforts to maximise revenue from government land assets.”

Renewed Hope Agenda Driving Crackdown on Defaults

Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the Ministry is committed to enforcing accountability for land-related payments.

“This 60-day window to clear outstanding charges is essential,” Dangiwa warned, underscoring that revocation awaits titleholders who fail to settle their debts within the deadline.

This push aims to recover needed funds to support the Renewed Hope Agenda’s national initiatives.

Resident Associations Face Backlash for Obstructing Officials

Dangiwa also voiced frustration with resident associations hindering Ministry officials from entering estates for billing and enforcement activities, cautioning that such actions could invite severe penalties.

His call for collaboration was supported by Permanent Secretary Dr. Marcus Ogunbiyi, who pointed out the essential role of efficient land administration in addressing critical issues like food security, urban growth, and environmental sustainability.

Call to Action for Land Administration Reforms

At the event, the Director of Lands and Housing Development, Collins Alabi, encouraged active participation from attendees.

“Land is a resource that shapes economic growth, environmental health, and social equity,” Alabi noted, urging participants to engage in discussions and collaborate toward actionable solutions.

Dangiwa concluded with a rallying call for a more results-oriented approach to land administration, suggesting the conference structure be revamped to focus on action-driven results.

With the Federal Government’s 60-day ultimatum, landowners and stakeholders are urged to address outstanding payments, aligning with the government’s drive for transparency and accountability in land stewardship.

Want to Speak with a Consultant?

Start a One-on-One Conversation With One of Our Senior Corporate/Litigation Law Experts.
Share this article

Related Posts

Mini-Grid Permit in Nigeria: Requirements, Cost, Process and What Investors Need to Know

Nigeria’s 2026 Mini-Grid Regulations now allow isolated mini-grids up to 5MW and interconnected mini-grids up to 10MW per site. But capacity

Gas Retail and Distribution License in Nigeria: Requirements, Fees and Application Process

Planning to distribute natural gas in Nigeria? The license is only one part of the equation. Learn the applicable NMDPRA

Commodity Exchange & Securities Trading Licenses in Nigeria: What You Need to Know Before You Start

Nigeria’s SEC has significantly raised the financial bar for commodity and securities market operators. A Commodities Broker/Dealer now requires ₦50

error: Content is protected !!

Before you Leave!

Do You Want to Speak with a Senior Corporate Law or Litigation Expert?

OR