The Governor of the State of Osun, Ogbeni Rauf Aregbesola, has assured investors and residents of the state of speedy processing of Certificate of Occupancy to legitimately acquired property within 90 days of commencement of processing.
Aregbesola stated this at the presentation of a N50 million cheque in support of the Osun State Certificate of Occupancy Fast track project by Sterling Bank Plc at the Banquet Hall of the Government House, Osogbo.
Aregbesola commended the bank for its partnership with the state, noting that the support from Sterling Bank will go a long way in strengthening the resolve of his administration to fast track the issuance of C of O in the state.
He added that with the OCOFO project, the 90 days of getting a Certificate of Occupancy for legitimately acquired property will be made possible as opposed to the old regime where it may take eternity to obtain a C of O.
The Governor called on investors, residents and citizens of the state to take the opportunity of the new C of O regime and get titles for their landed property within the stipulated 90 days.
Aregbesola assured Sterling Bank that the state will account for every Naira the bank has given to support the scheme, saying the relationship shall be a win-win situation.
He said: “I want to use the occasion to call on our people to take this opportunity to have title for their property.
“A land gets value because of its title.
“A government title on a land is the only way you can identify your property.
“We have put up this scheme to fast track the issuance of your Certificate of Occupancy like never before.
“With the scheme, you should be rest assured that your title will be ready after 90 days of the commencement of the procedure.”
Aregbesola highlighted some of the areas in which the bank has partnered with government as support for the ongoing construction of Oba Adesoji Aderemi Road, building of some schools and providing backbone for the school feeding system.
He added that support for his government by the bank is a support for the people of the state as well as for a turnaround of the economic situation of the state.
Speaking earlier, the Regional Director of Sterling Bank Plc, Ademola Adeyemi, said the bank is living up to its promise of supporting the state to give people the dividend of democracy.
Adeyemi stated that the bank, out of promise to support the state to succeed has increased the support to the OCOFO project from the initial sum of N20 million to the present N50 million.
According to Adeyemi: “What we are doing today is as a result of the promise of our bank to this state at inception.
“We have promised and living to our promise to partner with the government to give dividend of democracy to our people.
“We are willing to help the state considering the relationship that we have with the present government that we approached our management to increase the grant from N20 million and we are here today to present a cheque of N50 million for the scheme.”

Nice one Mr Governor. I hope Gov Ambode will borrow a leaf from Gov Aregbesola's book and do something fast about the Electronic C of O regime in Lagos State that takes upwards of 5 years to get.

Good move.

How much will it cost for the whole process?