THE ADVANTAGES & DISADVANTAGES OF INVESTING IN REAL ESTATES IN NIGERIA

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REASONS YOU HAVE TO GET GOVERNOR’S CONSENT OR CERTFICATE OF OCCUPANCY ON YOUR PROPERTY..

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There are lots of fees, both legal and illegal, during Land possession which mostly are unknown to prospective buyers during negotiations and payment process. And here, I am much particular about land purchased from Community or ancestral land owners (Omo Oniles) using Lagos as case study. Most of these levies are illegal as pronounced by the Lagos Property Protection Law, 2016.  But for one reason or the other, a lot of buyers are still unable to utilise this aspect of the law due to poor enforcement on the part of relevant authorities, lack of awareness of these extant laws and other interests surrounding land acquisition hence they pay such levies based on ignorance. Though, a  Note of Caution here, most times diplomacy is the best approach to such cases so as to fall at your advantage as Nigeria terrain is concerned. The aim of this write up is majorly to raise your awareness before such occurrence so as to be prepared and alert. So let's check some of this co...
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