News

FG imposes N1,000 annual fee on motorists for Proof of Ownership Certificate

 

Proof of Ownership

The Federal Government has introduced a fee of N1,000 to be paid by all motorists annually for Proof of Ownership Certificate (POC) verification.

Lagos State is kick-starting the collection of the fee for POC from motorists beginning from July 2023.

At a joint news conference in Ikeja, Lagos on Tuesday, the Permanent Secretary, Lagos Ministry of Transportation, Engr. Abdulhafiz Toriola, said the state government had begun the implementation of the new initiative that aimed to streamline and enhance the process of vehicle ownership verification which is the “annual Proof of Ownership Certificate (POC) in line with compliance with legal requirement fundamental to transparency, security and accountability within transportation network.

He said the initiative was in accordance with the National Road Traffic Regulation 2012 as amended, No. 101, Vol. 99; Section 73- (1) which states that ‘There shall be Proof of Ownership Certificate for all registered Vehicles’. Section 73- (1-6) also added that ‘The commission shall establish and maintain a Central Data Base for Vehicles and drivers for the federation.”

“To this end, the Federal Government has introduced the issuance of annual Proof of Ownership Certificate for all registered vehicles.

“This certificate will serve as official documentation of a vehicle’s legal owners upon successful completion of the necessary requirements and procedures.

“The POC will contain vital information including the vehicle’s registration details, such as, license number plate, model, year of manufacture in addition to owner’s name and address.

He stated that for effective security administration, the annual POC was specially printed and connected with other vehicle documents in the state.

Toriola explained that through the POC, statistics of vehicular population nation-wide could easily be obtained, while it would bring solution to minimization of car theft and recovery of stolen vehicles, as well as streamline the fulfillment of uniform licensing scheme mandate.

Other benefits, he said, included that the states motor vehicle documents could easily be verified regardless of the issuing state; safety and security of vehicles and their owners, enhancement of National Vehicle database for national security and for planning and economic development.

“We believe that the POC will help track the real time status and guarantee the integrity of all vehicles registered on the National Vehicle and Identification Scheme (NVIS) database and it is based on the safety and security it guaranteed that the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu has approved for its commencement in Lagos State, hence this briefing to enlighten the public,” he said.

Adewale Nurudeen

Recent Posts

US authorities slam Air Peace boss, Onyema, with fresh fraud charges

The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…

2 years ago

Report: NUPRC has not approved $1.3bn Shell Renaissance deal

  Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…

2 years ago

There’s a plan to derail Tinubu’s petroleum industry revolution

Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…

2 years ago

NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised

  A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…

2 years ago

Fidelity Bank affirms commitment to data protection, strong corporate governance

  Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…

2 years ago

NGX rates Fidelity Bank highest on corporate governance

  Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…

2 years ago

This website uses cookies.