The Federal Government has announced the introduction of an annual fee of #1000 for Proof of Ownership Certificate (POC) verification.
This new development was disclosed by Abdulhafiz Toriola, the Permanent Secretary of the Lagos Ministry of Transportation, during a press conference held on Tuesday.
The purpose of the POC is to ensure that both vehicle owners and the government can guarantee the integrity of all vehicles registered on the National Vehicle and Identification Scheme database.
And while also facilitating the tracking of car theft and recovery of stolen vehicles.
By implementing this system, the government aims to strengthen the overall security and accountability within the transportation network.
READ ALSO: FULL LIST: Tinubu Retires Service Chiefs, Appoints New Ones
“The annual Proof of Ownership Certificate is in line with compliance with legal requirements fundamental to transparency, security, and accountability within the transportation network,” stated Toriola.
He further emphasized that the issuance of the POC is an official documentation of a vehicle’s legal ownership, encompassing essential information such as license plate number, model, year of manufacture, as well as the owner’s name and address.
In a communiqué issued at the end of an emergency meeting on May 9, 2023, the Joint Tax Board adopted and resolved that proof of ownership should be issued to motorists on an annual basis nationwide.
Consequently, the Federal Government has mandated the collection of the annual POC fee for all registered vehicles.
Toriola revealed that Lagos State, being at the forefront of transportation and security initiatives, will commence the collection of the POC fee from motorists starting in July 2023.
