Developer commends FCT minister over C-of-O issuance

The Minister of the Federal Capital Territory, Nyesom Wike, has obtained widespread commendation for his exceptional effort in signing over 1,000 Certificates of Occupancy for householders at River Park Property in Abuja.

Recall that the senior particular assistant on public communications and new media to the minister, Lere Olayinka, lately revealed that 5,481 certificates of occupancy had been granted ministerial approval between August 2023 and December 2024.

The Managing Director of the property, Paul Odili, gave the appraisal throughout a ceremony on Sunday, the place the occupants had been formally given their certificates.

He lauded the gesture as a pivotal transfer in boosting the actual property sector, fostering investor confidence, and inspiring long-term investments in Abuja’s housing market.

Odili emphasised that the FCT minister’s resolution to signal over a thousand certificates for a single property underscored the federal government’s willpower to make sure property rights and create a conducive atmosphere for the expansion of actual property within the Federal Capital Territory.

“This noble gesture by the Honourable Minister, Barrister Nyesom Wike, has not solely made property possession extra tangible for residents of River Park Property however has additionally impressed higher confidence amongst traders in the actual property sector, significantly in Abuja.

“The profitable issuance of the certificates is a testomony to the administration’s dedication to transparency and accountability in land administration,” Odili said.

He additionally prolonged his appreciation to the Director of Land on the Federal Capital Growth Authority for his pivotal position in facilitating the swift processing of the certificates.

He continued by thanking numerous departments of the FCDA, together with the City and Regional Division, Mapping and Survey Division, Property Division, and most notably the Land Division.

Odili additional defined the importance of the occasion, stating, “We’ve got formally handed over the certificates of occupancy to the rightful house owners. These paperwork had been entrusted to me because the developer, and I really feel it is very important publicise this second to make sure full transparency and the completion of the method as promised by the FCT administration.”

Throughout the assembly, Odili knowledgeable traders within the property that he had absolutely acquired a 100 per cent stake within the enterprise and he owned the property utterly.

Talking on the brand new possession, Odili mentioned, “Homes for Africa Holdings was owned by John Townley-Johnson, who has an 80 % stake, and he grew to become our worldwide associate for the event of the property.

“However now, he has bought all of the shares owned by Homes for Africa to me, and now I, Paul Odili, am now 100 per cent proprietor of the River Park Property, Jonah Capital Restricted, and Homes for Africa Nigeria.

“Adrian Ogun was the founding father of Jonah Capital earlier than Homes for Africa Holdings got here to take a position right here.

“Now, each of them have relinquished their shares to me. Cost has been made, the settlement signed, and I’m now the 100 per cent proprietor of River Park Property as of January thirteenth, 2025.”

Confirming the brand new possession standing, John Townley-Johnson mentioned, “We now not have curiosity in Homes for Africa Nigeria, and we now have now transferred our rights to Paul Odili.

“We expect it was one of the best factor to do as a result of he’s credible in the actual property creating sector.

“We’ve got absolute confidence in him, Odili, to deal with the enterprise. I believe his involvement exhibits that the homes can be accomplished to the usual he has set for the property.”.

In his speech, a resident and the President of KRPC Cooperative Society, Kaduna Engr. Benjamin Ogwuche, mentioned, “This can be a dream come true. We’ve got come a good distance with Paulo Properties. We’ve got over 100 properties right here. I’m delighted that our members personal homes right here. These C-Os issued to us right this moment are proof of possession.”.

One other resident, Daniel Okoebor, mentioned he felt very glad receiving the certificates, stating, “This exhibits that my funding is now secured. It exhibits that I’ve a title doc and that my home is secure.”.