Thinking Of Byuing A Propety or Land In Nigeria? Read This!

 

Prominent among the hazards that bewitch the process of land acquisition and ownership in Nigeria is the menace of the ‘omo onile’ (as it is popularly called) which literally means ‘sons of the land owners’; the ‘ajagungbale’ (meaning one that ‘fights war to obtain land’) who forcefully take land from one party and give it to another; the vice of encroachment on land; unlawful sale of land and the unending litigation for declaration of title to mention but a few.

These vices have been ravaging the real estate industry for years un-end especially in the big cities and commercial centers like Lagos and they have gone on for so long that it seems as if the government is oblivious to the plight of the people in relation to land purchase and property development. And these activities have discouraged investors and hindered the ease of doing business in such areas.

Lagosians can however smile and be relieved now, as Governor Akinwumi Ambode on the 15^th of August, 2016, signed into law, ‘the Lagos State Properties Protection Law’ which seeks to curb most of the negativity plaguing the real estate sector. The 15-sections Law, which according to its long title is geared at prohibiting forceful entry and illegal occupation of landed properties, violent and fraudulent conducts in relation to landed properties in Lagos state and for connected purposes, is enacted to save would-be property owners and investors from being harassed and exploited by land grabbers.

feel free to drop a comment if you have inquiry.