According to reports, the Federal Government (FG) has announced the introduction of a N1,000 annual fee to be paid by vehicle owners in the country for a Proof of Ownership Certificate (POC). This was made known on Tuesday by the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, stating that the POC would assist in tracking car theft and recovery of stolen vehicles.
He said, “The annual POC is in line with compliance with legal requirements fundamental to transparency, security and accountability within the transportation network.
“To this end, the FG has introduced the issuance of annual POC 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 the owner’s name and address.”
