Acting President Yemi Osinbajo has approved the issuance of 615
pending land titles to the applicants.
He gave the Minister of Power, Works and Housing, Babatunde
Fashola approval to sign the land titles.
The Minister briefed State House correspondents after a closed
door meeting with the Acting President at the Presidential Villa
Abuja on Tuesday night.
The approval, he said, is to enable land transactions,
mortgages, assignments and debentures across the country.
According to him, the letters were already being issued to the
applicants.
The Ministry, he said, received the delegation of authority on
July 27, and was awaiting another delegation of authority to issue
the Certificates of Occupancy (C of O) for the approved titles.
He said “Just to update the members of the public about the
delegation of authority to issue consent for land transactions.
“It has accumulated for a while but we received the delegation,
I believe, on 27th of July.
“On the first week of August my office approved all of the 615
pending applications for land transactions, mortgages, assignments,
debentures and all of those things,” he said .
He added “So, letters are being issued now to all the applicants
and those who haven’t received theirs should just tally a
while.
“In a matter of a few days to fortnight from now we would have
cleared that backlog then we go and deal with the pending
applications for Certificates of Occupancy.
“Again, we are expecting delegation of authority for that one.’’
he stated
Fashola said that the applications had piled up which should not
have happened adding that it was important to tell the public about
the approvals.
According to him, the implication is that it is a further boost
to the economy.
He said that those who wanted to borrow or lend money or had
sold or planning to sell their land could complete those
transactions and money could move round.
The Minister explained that titles could change hands as all
businesses related to land whether the person was running a school,
bank, a newspaper agency or catering outfit.
“Everything revolves around it so it helps to drive us closer to
our journey out of recession and implement the Economic Recovery
and Growth Plan,’’ he said.
Acting President Yemi Osinbajo has approved the issuance of 615
pending land titles to the applicants.
He gave the Minister of Power, Works and Housing, Babatunde
Fashola approval to sign the land titles.
The Minister briefed State House correspondents after a closed
door meeting with the Acting President at the Presidential Villa
Abuja on Tuesday night.
The approval, he said, is to enable land transactions,
mortgages, assignments and debentures across the country.
According to him, the letters were already being issued to the
applicants.
The Ministry, he said, received the delegation of authority on
July 27, and was awaiting another delegation of authority to issue
the Certificates of Occupancy (C of O) for the approved titles.
He said “Just to update the members of the public about the
delegation of authority to issue consent for land transactions.
“It has accumulated for a while but we received the delegation,
I believe, on 27th of July.
“On the first week of August my office approved all of the 615
pending applications for land transactions, mortgages, assignments,
debentures and all of those things,” he said .
He added “So, letters are being issued now to all the applicants
and those who haven’t received theirs should just tally a
while.
“In a matter of a few days to fortnight from now we would have
cleared that backlog then we go and deal with the pending
applications for Certificates of Occupancy.
“Again, we are expecting delegation of authority for that one.’’
he stated
Fashola said that the applications had piled up which should not
have happened adding that it was important to tell the public about
the approvals.
According to him, the implication is that it is a further boost
to the economy.
He said that those who wanted to borrow or lend money or had
sold or planning to sell their land could complete those
transactions and money could move round.
The Minister explained that titles could change hands as all
businesses related to land whether the person was running a school,
bank, a newspaper agency or catering outfit.
“Everything revolves around it so it helps to drive us closer to
our journey out of recession and implement the Economic Recovery
and Growth Plan,’’ he said.
Read more https://nairalaw.com/osinbajo-okays-issuance-of-615-land-titles/