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FCTA To Drag Estate Developers To Court Over Economic Losses

The Federal Capital Territory Administration (FCTA) says it has perfected plans to start prosecuting defaults and illegal estate developers at the Urban and Regional Tribunal.

The Administration also said it would consider dragging them to the Economic and Financial Crimes Commission (EFCC) for causing both government and off-takers economic losses.

The Director, Department of Development Control, Muktar Galadima made the disclosure when he led other Management staff to demolish illegal encroachment and structures in water channels, around Kukwaba District.

Galadima who also toured Katampe, on monitoring and inspection duties, noted that the actions of many of the developers amount to economic crimes, which the EFCC can beam further searchlight on.

He stated that apart from the losses they incurred, each time their illegal structures were demolished, both off-takers who subscribe to their property, and the government also suffer economic losses.

He said the resources being committed to the demolition exercise, were enormous that it cannot be allowed to go just like that.

According to him, the case of the developers in Kukwaba demonstrates how responsible citizens ought not to handle economic activities.

He disclosed that the developers know that the area they encroached upon was a reserved green area, because it is located on water channels, yet they were illegally selling to off-takers and also building on it.

Source: Voice of Nigeria

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