President Tinubu Grants 14-Day Reprieve to Owners of Revoked Abuja Properties Amid Other Top Nigerian News Stories

Strategic Insights -

President Bola Ahmed Tinubu has granted a 14-day presidential reprieve to owners of 4,794 properties in the Federal Capital Territory (FCT) whose land titles were recently revoked. This reprieve comes after the FCTA began taking over properties over unpaid ground rents spanning 10 to 43 years. The affected properties include high-profile sites like the FIRS premises, Wadata Plaza (PDP headquarters), and an Access Bank office. The reprieve gives defaulting property owners two weeks to settle their debts and reclaim their titles before further enforcement resumes.

Key Takeaways:

  • 4,794 properties in the Federal Capital Territory (FCT) whose land titles were recently revoked have been granted a 14-day presidential reprieve by President Bola Ahmed Tinubu.
  • The reprieve is to allow defaulting property owners 14 days to settle their debts and reclaim their titles before further enforcement resumes.
  • The affected properties include high-profile sites like the FIRS premises, Wadata Plaza (PDP headquarters), and an Access Bank office.
  • Flight delays and cancellations across Nigeria's 30+ airports are taking a toll on businesses with nearly 50% of domestic flights (33,235 out of 70,543) either delayed or cancelled.
  • The Nigeria Civil Aviation Authority (NCAA) reports that over 19,250 passengers were left stranded for long hours last year due to flight delays and cancellations.
  • The World Bank has urged the Nigerian government to issue a presidential order raising excise duties on 'sin goods' like alcohol, tobacco, and sugary drinks as a condition for accessing a $750 million loan.
  • The EFCC has recovered funds linked to the digital investment platform, CBEX, amid ongoing investigations into alleged fraud, with the agency confirming that some suspects have been arrested while others remain at large.
  • In Abia State, a couple, Blessing and Sunday Emebo, has been arrested for running an unregistered children's home from their apartment, with 12 children aged between two months and 14 years rescued and transferred to the state's Ministry of Women's Affairs for proper care and custody.

Statistics:

  • 4,794 properties in the Federal Capital Territory (FCT) have been granted a 14-day presidential reprieve.
  • 50% of domestic flights (33,235 out of 70,543) were either delayed or cancelled.
  • Over 19,250 passengers were left stranded for long hours last year due to flight delays and cancellations.
  • Nigeria has received only $1.88 million out of a $750 million loan from the World Bank.
  • 12 children aged between two months and 14 years were rescued from an unregistered children's home in Abia State.

Sources:

  • President Bola Ahmed Tinubu (as quoted in the article)
  • Federal Capital Territory Administration (FCTA)
  • Nigeria Civil Aviation Authority (NCAA)
  • World Bank (Accelerating Resource Mobilisation Reforms Programme)
  • Economic and Financial Crimes Commission (EFCC)
  • Abia State Police Command (as quoted in the article)