The proceeds of the recently introduced annual fee of N1,000 to be paid by motorists in the country for Proof of Ownership Certificate verification, is to be shared between the Federal Road Safety Corps the states and consultants engaged for the exercise, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, has said.
Toriola had disclosed on June 27 that the Proof of Ownership Certificate would help vehicle owners and the government to guarantee the integrity of all vehicles registered on the National Vehicle and Identification Scheme database. He added that the initiative would also help in tracking stolen vehicles.
Responding via text messages to enquiries by our correspondent on how the proceeds from the yearly levy would be shared, Toriola wrote, “It is to be shared between states and FRSC and the consultant.”
He had said, “The annual Proof of Ownership Certificate is in line with compliance with legal requirements fundamental to transparency, security and accountability within the transportation network. To this end, the Federal Government has introduced the issuance of an annual Proof of Ownership Certificate for all registered vehicles.
