The Minister of the Federal Capital Territory, Nyesom Wike, has declared the On-Street Parking scheme, otherwise known as the ‘Park-and-Pay’ scheme, to be illegal.
citing fraud in the contract agreement between the managing contractors and the FCT.
The Minister made this statement during a media briefing to mark his first year in office as the FCT Minister.
It was reported that the scheme, initially introduced in 2014, was reintroduced in 2023 after the FCT administration signed a whopping N908.3 billion agreement.
With concessionaires NAJEC Limited and Messrs Automaten Technik Bauman Nigeria Limited, with estimated N26.93 billion revenue for a 10-year term each.
The then Permanent Secretary of the FCT, Olusade Adesola, who signed the agreement on behalf of the FCT in August 2023,
Had stated that the reintroduction of the scheme was with the consent of the six area councils and that the scheme aimed to entrench orderliness and organization in the city.
However, Wike said he was unaware of the reintroduced scheme, noting that the agreement had stipulated an 80 per cent payback to the contractors,
With only 20 per cent of the total to be remitted to the administration.
