Anambra Govt. slashes cost of C of O

Posted by Pamela Eboh, Awka | 8 June 2016 | 4,719 times

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Anambra State Governor, Chief Willie Obiano, has approved the reduction of all fees payable for issuance of Certificates of Occupancy (C of O) in non-state lands in Anambra State with the new payment pegged at N600,000.00  for 1-1000 square metres within Awka and Nnewi metropolis and N675,000.00 for Onitsha.

Similarly,  a 1000-2500 square metres attracts payment of N900,000.00 for Awka and Nnewi, while applicants in Onitsha will pay N675,000.00 and applicants for 2500 square metres-5000 square meters will pay N1,500,000.00 in Awka, Onitsha and Nnewi.

Also, those applying for residential purposes would pay N400, 000 for 1-1000 square metres in Awka and Nnewi, N650, 000 for 1000 - 2500 square metrrs in Awka/Nnewi, while those in Onitsha will pay N650,000.00.

Applicants whose plots are for residential purpose and fall between 2500-5000 square metres will pay N1 million in Awka, Nnewi and Onitsha.

Furthermore, Government reduced the cost of C of O in rural areas, which is now put at N200, 000 for 1-1000 square metres, N300, 000 for 1000-2500 square meters and N400, 000 for 2500-5000 square metres.

Before the reduction, applicants for C of O faced diverse challenges which include spending millions of naira in the process and unprecedented delays. According to the government statement made available to journalists in Awka, application for commercial purposes would henceforth attract an increment of only 1.5 percent.

Government however, stated that the special reduction of fees has only a grace period of 90 days and called on businessmen and women, as well as corporate organisations to take advantage of the governor’s magnanimity to process their C of O.

At a meeting with various stakeholders, the Commissioner for Lands, Physical Planning and Rural Development, Mr. Okey Moka explained that the measure was aimed at ensuring quicker delivery of C of O and other land title documents on private lands within seven days from the date of application, saying that Governor Obiano was poised to assist businessmen in the state to procure their title documents to enhance their transactions.

The commissioner noted that government was fully aware that businessmen and women, as well as corporate organisations in the state, needed the title documents to access funds from banks and other financial institutions, stressing that the new measures would increase the volume of business in the state.

He warned that government would not tolerate unnecessary delays in the process of issuance of C of O and other land title documents, adding that the ministry was adopting the private sector approach to business in all its transactions. Moka advised that all payments be made under pay direct system in various banks and urged applicants against offering money to the staff under any guise.

Photo shows Governor Obiano.


Source: News Express

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