2,500 C of Os ready for collection in Lagos State
Lagos State Governor Akinwumi Ambode yesterday signed and
approved the release of 2,500 Certificates of Occupancy (C of O) to
property owners.
The Executive Secretary in the Lands Bureau, Mr. Olukayode Ogunnubi,
said the development was in line with the governor’s effort to clear the
backlog of C of O carried over from the last administration.
He said: “A distinction must be made that this
government wants
Lagosians to maximise the economic benefits derivable from ownership of
property as evidenced by obtaining their legal titles.
“This is what we are trying to achieve and this is why the governor
cleared the backlog. Now we do not have pending C of O on our table.”
Ogunnubi said the action would enable property owners to leverage on
the C of O as collateral to obtain loans from financial institutions for
business activities.
“This will also contribute to the growth of the state’s Gross
Domestic Product (GDP) and the development of the economy,” he added.
The executive secretary said the governor intended to ensure that the
process of applying and getting C of O was not only less cumbersome,
but treated within the stipulated time.
He said: “Once we have any new applicant for C of O, the governor’s
mandate is to ensure that he signs it within the 90 days tenure. Once
you make your payment, we start the processing. Let me also report that
we are going on the Electronic C of O fully (E-C of O). The ones he
signed are E-C of O.
“In a nutshell, the idea is to eliminate bureaucratic bottlenecks.
This is what the governor intends to achieve in line with his commitment
to make life simple and easy for the people.
“This is a standard milestone, as the last time such was witnessed
was during the era of the first civilian governor of Lagos State, Alhaji
Lateef Jakande.”
Ogunnubi said the list of the 2,500 C of O’s would be published in the national newspapers from today.
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