The Real Estate Developer's Association of Nigeria (REDAN) on Wednesday commended the Honourable Minister for Federal Capital Territory, Nyesom Wike for his bold decision to set up a Task Force to facilitate the Issuance of Certificate of Occupancy in the FCT.

In a Statement signed personally by the President of REDAN, Dr Aliyu Oroji Wamakko and made available to journalists in Abuja said the minister action will give economic value to Home Owners in the Mass Housing Estates in the FCT.

"REDAN is excited with the Minister for inaugurating the Task Force with clear mandate and timeline for the actualization of the directive. This action is in sync with our calls to the Ministry before he assumed leadership.

"We are also attuned to the Hon. Minister’s directives which charged the Task Force to ensure that allottees who have contravened land use in the FCT, pay penalties to serve as deterrence.

"This decision is applauded because it is more humane and a clear departure from decisions which results to economic waste by demolition of such buildings.

Dr. Wammako who is also the Chairman and Chief Executive Officer of Jedo investment company limited said the approach will ensure compliance with the FCT Master Plan.

"Crucial to the clear directive of the Minister is that the Task Force should make provisions for land allottees in the Area Councils who do not have certificates of occupancy for their plots to enable them to get the land documents. His Excellency’s directive in this regard will give economic life and development in the Area Councils.

" Fundamentally, it will sanitize land matters, and enhance accelerated housing and real estate development.
We acknowledge the promise of the Chairman of the Task Force ESV Michael O. Chinda to do the needful in a record time of One Month.

"So, the attention of the Real Estate Developers Association of Nigeria (REDAN) has been drawn to the Press Conference by the Hon. Minister of the Federal Capital Territory, His Excellency, Barrister Ezenwo Nyesom Wike in which he set up a Task Force to facilitate the Issuance of Certificate of Occupancy in the FCT.

"While noting the above, the leadership of the Association wishes to assure the Hon. Minister and the Task Force of our Members commitment and cooperation to ensure that the assignment is carried out seamlessly. Accordingly, we shall make ourselves available to provide relevant information and assistance.
Paramount amongst our concern in the FCT is adherence to maintaining the Abuja Master Plan as designed and may be reviewed by the Federal Capital Territory Administration."