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Access Bank Sealed Up

Access Bank branch located in Wuse, Abuja has been sealed up by the Federal Capital Territory Administration (FCTA) over a non-payment of ground rent.

We gathered that the property is officially allocated to Rana Tahir Furniture Nigeria Limited, and not Access Bank directly.

A letter by the FCTA dated March 13, 2025, and signed by the Director, Land Administration, Chijioke Nwankwoeze reads:

“The Minister of Federal Capital Territory has in the exercise of powers conferred on him under the Land Use Act No. 6 of 1978, Cap. L5, Laws of the Federation of Nigeria 2004, revoked your rights, interests and privileges over Plot No. 2456 within Wuse I, Cadastral Zone A02, Abuja.”

“The revocation is in view of your continued contravention of the terms and conditions of grant of the Right of Occupancy by failing to pay the annual ground rents due on the property for Thirty Four (34) years.”

According to the letter several notices and publications had been made since 2023, warning the bank to clear outstanding bills.

However, the closure came in the wake of a significant crackdown by the FCTA, which recently revoked 4,794 land titles across Abuja’s prime districts including Wuse, Maitama, Asokoro, and Garki over unpaid ground rents spanning more than a decade.

Sources at the FCTA revealed that a total of 8,375 property owners owe approximately ₦6.97 billion in ground rent arrears, some dating back over 40 years .

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