WITTY GLOBAL BLOGS | SATURDAY FLAGSHIP EDITION Your Money Disappeared, Your Bank Failed to Respond: How Nigerians Can Challenge Failed Transfers, Unauthorised Deductions and Unfair Charges By Itoro Uwah | Saturday, November 14, 2026 CONSUMER RIGHTS | DIGITAL BANKING | PRACTICAL GUIDE NIGERIA — Imagine transferring money to a supplier, receiving a debit alert and discovering that the recipient has not received the payment. The supplier is waiting. Your account balance has reduced. Customer service asks you to wait, but the money has not been returned. For a small business, this situation can interrupt deliveries, delay payments and damage relationships with customers. But an important distinction must be made: a failed or delayed transaction does not automatically prove that a bank has stolen money or acted fraudulently. The real questions are what happened to the transaction, which institution is responsible for investigating it, what evidence is available ...
Coscharis Motors, Among The Revoked 21 Plots Of Land in Abuja’s Central Business District CBD
According to Vanguard news Minister of the Federal Capital Territory FCT, Barrister Nyesom Wike, has revoked 21 plots of land in Abuja’s Central Business District CBD.
A revocation notice signed by the Permanent Secretary in the FCT Administration, Mr Olusade Adesola said the minister took the decision, “in the exercise of the powers conferred on him under Section 28(5)(a) & (b) of the Land Use Act 1978”.
He said the lands were revoked “for continued contravention of the terms of development of the Right of Occupancy to wit non-development”.Some of the allottees affected by the revocation include Lowe Lintas, Tourist Company of Nigeria, Coscharis Motors, CFA Motors, Chidol Properties among others.
In another statement, Director of Information and Communication in the FCTA, Muhammad Hazat Sule, said the minister has approved a three-month grace period for 189 titleholders, who have obtained Building Plan Approvals but are yet to commence development of on their property.
“The Minister of the Federal Capital Territory, (FCT), has graciously approved a grace period of three-months from the date of this publication for the underlisted titleholders who have obtained building plan approvals to commence development of their plots; failure of which their titles shall be revoked for continued contravention of the terms of development of the Right- of -Occupancy”, the statement declared.
.Among those given the three-month grace are 21 embassies, 168 others.
Some of the diplomatic missions are the Embassy of Ireland, Embassy of France, Canadian High Commission, Embassy of the Democratic Republic of Congo, Embassy of Turkey, Embassy of the Peoples Republic of Angola, Embassy of the Republic Korea, Embassy of Philippines and Tanzania High Commission.
Others are Embassies of Syrian Republic, Iran, Germany, Belgium, Netherlands, Italy, Thailand, Algeria, Trinidad and Tobago, Cote D’Ivoire, Argentina, Togo, Indonesia, and several government agencies including those of the FCT Administration. Equally given a three-month grace are the Abuja National Mosque Council, Abuja National Mosque Management Committee, Daily Times of Nigeria, Elf Petroleum, Access Bank, Federal Housing Authority, Adamu Ajuji Waziri, Isa Yuguda, Eyitayo Lambo, Abba Gana, Mohammed Abubakar Rimi, Nigerian Navy, Gamji Construction Limited, Lagos State Liaison Office, Nigeria Customs Service, John Kennedy Opara, Federal Fire Service and a host of others.
Accordingly, the affected property owners are to do so within the stipulated period or have their title revoked in line with the provisions of the law, said Sule.
He said the gesture has only been extended to both individuals and corporate organizations who have shown a desire to develop their property by obtaining Building Plan approvals but are yet to start proper development on their property situated within the Federal Capital City FCC.
“Similarly, public institutions that have land titles within the Federal Capital City but are yet to develop same, have also been given a grace period of three months to commence development to avoid sanction.
“Thus, the Minister has extended this gesture to 189 property owners due to their desire to develop the property by obtaining Building Plan Approvals which is a prerequisite for the development of any property in the Federal Capital Territory. The owners of these plots were exempted from revocation because they have already demonstrated firm commitment towards developing their property by obtaining necessary documents from the FCT Administration.
It urged the affected property owners to take advantage of the Minister’s gesture and develop their plots as published in some National Dailies, in line with the terms of the Offer of the Right- Of- Occupancy.
“The FCT Administration, therefore, appealed to the affected Public Institutions who have been allocated plots within the FCC to commence development of their plots, failure of which their titles shall be revoked for continued contravention of the terms of development of the Right of Occupancy.
The plots in these categories belong to individuals and corporate organizations, as well as Public Institutions that have continually failed to keep to the terms of the agreement as contained in Section 28(5) (a) & (b) of the Land Use Act offering and conveying of the Right of Occupancy”.
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