To fast track investment and issuance of legal land title, Governor Ifeanyi Okowa of Delta state has launched a scheme referred to as FAST TRACK 90.
The scheme was launched as a policy that would enhance the ease of doing business and enable property owners obtain digital Certificate-Of-Occupancy, (C-of-O) within 90 days.
Governor Okowa explained that the policy was to remove bottlenecks associated with acquiring legal titles for landed property, as the new C of O cannot be duplicated due to its unique protective features.
The Governor further explained that the new land titled would attract a payment of 200 thousand Naira only, while those in possession of the old document will pay the sum of 50 thousand naira to migrate to the digital, saying “the new C of O is electronically generated, secure and fraud proof and its implementation starting in June, 2016”.
While urging property owners in the state to apply for the new C of O, the Governor said the new document “serves as protection against government acquisition, validates ownership of the property and eliminates needless disputes and contentions”.
He reiterated the State Government’s commitment to set up the necessary structures, institutions, processes and systems in place that would engender good governance, all-inclusive economic growth and sustainable development.
Earlier, Martins Okonta, who is the Special Adviser on Land and Legislative Matters and Mr Abayomi, the Managing Director of Queens Bridge Capital Investment Limited in their addresses described ‘Fast Track 90’ Scheme as an opportunity for property owners to acquire the new C of O.