Thursday, 6 December 2012

Abuja Land-Swap Deal Scoops over N300bn

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Minister of Federal Capital Territory (FCT), Senator Bala Mohammed

The much touted Abuja Land -Swap Scheme, which is an innovative project of the Minister of Federal Capital Territory (FCT), Senator Bala Mohammed will bring over N300 billion to the coffers of the FCT Administration (FCTA).
Mohammed disclosed this Thursday at the official signing of a Memoradum of Understanding (MoU) with 13 Land-Swap investorsat the Banquet Hall of the official residence of the FCT Minister at Gwarinpa I District (Life-Camp), Abuja .
He revealed that each of the investors paid the sum of N350 million to the FCTA being fees for survey maps, detailed land use plan, engineering design, demographic reports, legal documentation and other ancillary services to qualify.

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