FRC seeks re­cov­ery of landed prop­erty

The Punch - - MONEY -

The Fi­nan­cial Re­port Coun­cil of Nige­ria has called on the Fed­eral Gov­ern­ment to ur­gently in­ter­vene, fast-track and pos­si­bly re­cover its landed prop­erty lo­cated at Guzape area of the Fed­eral Cap­i­tal Ter­ri­tory.

The Ex­ec­u­tive Sec­re­tary, FRC, Daniel As­apokhai, said this dur­ing the Coun­cil’s visit to the of­fice of the Min­is­ter of Fed­eral Cap­i­tal Ter­ri­tory.

he stated that the body had not been able to carry out any mean­ing­ful de­vel­op­ment on the dis­puted landed prop­erty due to the ac­tiv­i­ties of squat­ters.

In a state­ment, he said un­like many of the Fed­eral

Gov­ern­ment’s agen­cies, the Coun­cil op­er­ated pri­mar­ily from La­gos.

“I am sure a lot of you that have been in Abuja for a while will be fa­mil­iar with the Cor­po­rate Af­fairs Com­mis­sion, the In­vest­ment Pro­mo­tion Coun­cil, and a num­ber of other agen­cies within our min­istry.

“But when you men­tion Fi­nan­cial Re­port­ing Coun­cil, per­haps, no one has heard about the press re­ports. Be­cause, you can’t pin­point where it op­er­ates from and that is be­cause we have no of­fice or head­quar­ters in Abuja,” he ex­plained.

he added that, “There is a mat­ter we have been pur­su­ing for a long time and then, we have been fol­low­ing our pe­ti­tion with the Fed­eral Gov­ern­ment that in 2015, there was an ap­proval for us to get a landed prop­erty in Abuja to able to build our head­quar­ters.

“Also at that time, gov­ern­ment has ap­proved for Nige­ria to adopt the In­ter­na­tional Fi­nan­cial Re­port­ing Stan­dard, and for the pub­lic sec­tor to use what is called the In­ter­na­tional Pub­lic Sec­tor Ac­count­ing Stan­dard.

“So we also did a launch­ing of a fund that was meant to es­tab­lish an IFRS academy for the train­ing of peo­ple in the pub­lic and pri­vate sec­tors on fi­nan­cial stan­dard.

“So, through your min­istry we were granted a landed prop­erty in Guzape and it’s 10,000sq me­tres. Un­for­tu­nately, since that 2015 that we were granted Cer­tifi­cate of Oc­cu­pancy, we have not been able to em­bark on any de­vel­op­ment work as a re­sult of the square me­tres that have been on the prop­erty,” he added.

The Min­is­ter of FCT, Mal­lam Muham­mad Bello, was quoted as say­ing he would look into the mat­ter and bring the dis­pute to a quick end.

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