Connect with us


BIG STORY

Wike Gives Three-Month Ultimatum For 189 Plot Owners To Commence Development In Abuja

Published

on

Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has approved a three-month grace period for 189 titleholders, who have obtained building plan approvals but are yet to commence development on their property.

Accordingly, the affected property owners are to do so within the stipulated period or have their title revoked in line with the provisions of the law.

This gesture has only been extended to both individuals and corporate organizations who have shown the desire to develop their property by obtaining Building Plan approvals but are yet to start proper development on their property situated within the Federal Capital City (FCC).

Director of Information and Communication, FCT, Muhammad Sule in a statement said: “Similarly, public institutions that have land titles within the Federal Capital City but are yet to develop same, have also been given a grace period of three months to commence development in order to avoid sanction.

“Thus, the Minister has extended this gesture to 189 property owners due to their desire to develop the property by obtaining Building Plan Approvals which is a prerequisite for the development of any property in the Federal Capital Territory.

“The notification in the Newspapers states: “The Minister of the Federal Capital Territory, (FCT), has graciously approved a grace period of three months from the date of this publication for the under-listed titleholders who have obtained building plan approvals to commence development of their plots; failure of which their titles shall be revoked for continued contravention of the terms of development of the Right- of-Occupancy.

“The owners of these plots were exempted from revocation because they have already demonstrated firm commitment towards developing their property by obtaining necessary documents from the FCT Administration.”

Sule urged the affected property owners to take advantage of the Minister’s gesture and develop their plots as published in some National Dailies, in line with the terms of the Offer of the Right-Of-Occupancy.

He said: “The FCT Administration, therefore, appealed to the affected Public Institutions who have been allocated plots within the FCC to commence development of their plots, failure of which their titles shall be revoked for continued contravention of the terms of development of the Right of Occupancy.

“The plots in these categories belong to individuals and corporate organizations, as well as Public Institutions who have continually failed to keep to the terms of the agreement as contained in Section 28(5) (a) & (b) of the Land Use Act offering and conveying of the Right of Occupancy.”

BIG STORY

NCC Unveils Initiative To Combat Fraud, Spam Messaging

Published

on

The Nigerian Communications Commission has unveiled a draft regulatory framework aimed at addressing fraud, spam, and other challenges in the “Application-to-Person” messaging sector.

The telecom regulator made this announcement in a statement on Friday.

The proposed framework was introduced during a virtual Stakeholders’ Forum, a key step towards enhancing the sector’s integrity and ensuring a fair, transparent environment for all parties involved.

The draft framework, presented by the acting Head of Legal and Regulatory Services at the NCC, Mrs. Chizua Whyte, on behalf of the Executive Vice Chairman, Dr. Aminu Maida, seeks to regulate the A2P messaging space.

A2P messaging, used for notifications such as bank alerts, promotional campaigns, and government updates, has become a vital communication tool in Nigeria.

However, the sector faces significant challenges, including consumer protection concerns, fraud, and data privacy issues, as well as an unequal distribution of value within the ecosystem.

“The international A2P messaging space in Nigeria faces gaps that have led to issues such as fraud, spam, and data privacy concerns. These challenges threaten the sustainable growth of this communication tool,” the NCC said.

The regulator emphasised its commitment to fostering innovation while ensuring a secure, transparent environment for businesses, consumers, and service providers.

The proposed framework aims to address these challenges by protecting consumers, promoting fair competition, and holding service providers accountable.

“This forum marks a pivotal step towards addressing these challenges,” the NCC said. “We are here to engage with all stakeholders—operators, aggregators, businesses, service providers, and consumers—to refine the framework and ensure it meets the needs of the entire ecosystem.”

The NCC stressed the importance of inclusivity and collaboration in creating an effective regulatory environment.

The commission’s efforts are focused on promoting a sustainable A2P messaging ecosystem that enables business innovation, enhances communication efficiency, and supports Nigeria’s socio-economic growth.

Stakeholders were encouraged to provide feedback and contribute ideas during the forum to help shape the final framework.

The NCC reiterated its commitment to creating a regulatory environment that supports innovation while safeguarding the interests of all stakeholders in the A2P messaging sector.

For further updates, the NCC urged stakeholders to remain engaged throughout the regulatory process, stressing the importance of cooperation in shaping the future of A2P messaging in Nigeria.

Continue Reading

BIG STORY

JUST IN: Oil Marketers Reduce Petrol Price By 11.8% To N939.50 Per Litre

Published

on

Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.

As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.

However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.

It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.

According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.

Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.

‘‘Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

 

More to come…

Continue Reading

BIG STORY

EFCC Allocates N18bn For Allowances, N5bn For Travels In Proposed 2025 Budget

Published

on

The Economic and Financial Crimes Commission (EFCC) has announced plans to allocate N18 billion for allowances in 2025.

This figure is part of the proposed 2025 budget currently under consideration and awaiting approval by the national assembly.

As per the appropriation bill, the EFCC’s total budget for 2025 stands at approximately N62.2 billion.

This budget includes personnel costs (N38.6 billion), overheads (N20.9 billion), and capital expenditure (N2.2 billion).

Within the allowance budget, N1.7 billion is designated for “non-regular allowances,” while “regular allowances” are set at N16.7 billion.

Other proposed expenditures for the EFCC include welfare packages (N1.4 billion), fuel and lubricants (N2 billion), financial charges (N1.2 billion), construction and provision of office buildings (N1.1 billion), and maintenance services (N2.1 billion).

The EFCC also plans to allocate N4.9 billion for “local travel and transport,” with “international travel and transport” expected to cost N1.7 billion.

The proposed budget includes N800 million for the purchase of fixed assets.

On Wednesday, President Bola Tinubu unveiled the N49.7 trillion 2025 “Budget of Restoration: Securing Peace and Rebuilding Prosperity.”

In his address to the national assembly, Tinubu stated that it was time “we rewrite Nigeria’s narrative together.”

The primary focus of next year’s budget will be the defence, infrastructure, health, and education sectors.

Continue Reading



 

Join Us On Facebook

Most Popular