Naomi Gabriel —
Occupants of Highbrow River Park Estate, Abuja have been issued Certificate of Occupancy (C of O), seemingly the first estate to do so in Abuja, the Nigerian capital.
Underscoring the importance of the exercise, Chairman of River Park Estate, Paul Odili, said house owners can start from taking the document to the bank as it is bankable.
“The money is not locked up in their property, this is a good investment decision, he said.
“It makes Nigeria a good investment destination for foreigners and individuals, It enables them to unlock the value in their homes.
“This will equally encourage foreign investors in mass housing and consequently stimulate the operations of Small and Medium Scale Enterprises (SMEs) in Nigeria”, Odili added
The C of O is a title document which is a legitimate proof of ownership of a property. It also spells out what the property can be used for.