Skip to content
August 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • FCTA takes over PDP HQ over 28 year rent debt
  • National News

FCTA takes over PDP HQ over 28 year rent debt

Admin May 26, 2025
children

May 26, 2025

The Federal Capital Territory Administration (FCTA) has taken possession of Wadata Plaza, the building used by the Peoples Democratic Party (PDP) as its National Secretariat, due to 28 years of unpaid ground rent.

Director of Lands at the FCTA, Mr Chijoke Nwankwoeze, said the action followed the revocation of the property’s land title, which was formally served on the property owner, Sen. Samaila Kofi, on March 14.

Nwankwoeze explained that the property, located on Plot 1970, Michael Okpara Street, Wuse Zone 5, Abuja, was officially reverted to the FCTA after repeated failure to settle outstanding annual ground rent spanning nearly three decades.

He noted that the revocation notice was properly delivered to Kofi’s registered address in Kaduna.

When asked whether the PDP had been notified, Nwankwoeze clarified that the FCTA did not deal with tenants, but only with the rightful property owners recorded in its database.

The property, he said, was among 4,794 titles revoked in March due to unpaid ground rent totaling more than N6 billion.

“The PDP property is the sixth to be sealed so far. This enforcement exercise will continue until all revoked properties are addressed,” he added.

Also speaking, Mr. Lere Olayinka, Senior Special Assistant to the FCT Minister on Public Communications and Social Media, rejected any political interpretation of the action.

He emphasised that the operation was purely administrative and conducted in line with the provisions of the Land Use Act.

“This is not a political witch-hunt. It’s an enforcement of land administration regulations,” Olayinka said.

The other sealed properties include a Total petrol station, Access Bank, the Federal Inland Revenue Service (FIRS) office, Ibro Hotel, and Mabuda Company Warehouse, all located in Wuse Zone 5, Abuja.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: FCTA Mr Chijoke Nwankwoeze Mr Lere Olayinka PDP Wadata plaza

Post navigation

Previous Ayra Starr becomes first Nigerian female artiste to hit 1 billion views on YouTube 
Next Reps Withdraws Compulsory Voting Bill

Related Stories

147 structures to be affected by coastal highway service lane
  • National News

147 structures to be affected by coastal highway service lane

August 9, 2026
Nigeria’s 400 remaining elephants face fight for survival — Conservationists elephant
  • National News

Nigeria’s 400 remaining elephants face fight for survival — Conservationists

August 9, 2026
It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud
  • National News

It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud

August 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

147 structures to be affected by coastal highway service lane
  • National News

147 structures to be affected by coastal highway service lane

August 9, 2026
Nigeria’s 400 remaining elephants face fight for survival — Conservationists elephant
  • National News

Nigeria’s 400 remaining elephants face fight for survival — Conservationists

August 9, 2026
It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud
  • National News

It’s Fake News: NRS Chairman Adedeji dismisses online report on alleged Frontier Exploration Fund fraud

August 9, 2026
Kano task force arrests 28, recovers illicit substances Kano
  • National News

Kano task force arrests 28, recovers illicit substances

August 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.