JULY 2024 REAL ESTATE NEWS ARTICLE PUNCH NEWSPAPER (JULY 1, 2024) Headline: Declare State of Emergency on Geographical Mapping, Surveyors Tell Govt. The President of the Nigerian Institution of Surveyors, Dr. Matthew Ibitoye, has called for a state of emergency on Nigeria’s geographical mapping. Speaking at the 58th annual general meeting in Edo State, Dr. Ibitoye emphasized that comprehensive mapping is crucial for national development…
Recently our team had one of the most amazing and smooth survey operations in Port Harcourt City. From the details of the area to be surveyed, the accommodations, down to transportation to the site were smooth. The client was also very cooperative and open to suggestions. We sent out a team of two experienced surveyors to carry out a bathymetric survey and seabed scanning operation…
BusinessDay Newspaper (June 17, 2024) Headline: Fresh Hurdles On the Way to Registering Property in Lagos Worry Investors Despite efforts by the Lagos State government to enhance real estate investment and streamline business operations, investors remain dismayed by the extensive property registration requirements. In January, Governor Babajide Sanwo-Olu launched a land administration portal aimed at expediting property registration, reducing corruption, and securing titles. However, real…
To give back to society, OTIC Surveys in partnership with JCI Lagos Coral recently carried out a Health Project “Project Life Line,” a comprehensive health initiative aimed at providing essential healthcare services and sustainable amenities to our communities, especially rural communities that have little or no access to health care facilities. This time, we took it down to the Obalende community in Lagos State.A key…
FIG 2024 Accra, Ghana has finally come and gone. The technical sessions, the networking, and the exhibitions were all good but I have not been able to shake off the feeling that FIG 2013 in Abuja, Nigeria was bigger and better(I am not trying to compare Nigeria and Ghana in any way). In 2013, the exhibition booths were bigger and better and I believe there…
BUSINESSDAY NEWSPAPER (APRIL 1, 2024) Headline: 94% of Lagos Properties Lack Legal Titles, Stakeholders Lament Industry experts in Nigeria’s building sector have expressed alarm over the staggering number of properties in Lagos State without legal titles. According to estimates, a whopping 94% of properties in the state lack proper documentation. The issue was brought to light during the launch of Edge Facility Managers in Lagos,…
Challenges they say often become the stepping stones to success, this was precisely the case for our team of surveyors during a recent project at Omu Creek, Sangotedo, Lagos for one of our returning clients. Their ordeals also highlighted some of the challenges that land surveyors face on site. For six weeks, our team battled with rough terrain, traffic, and unexpected obstacles to carry out…
1) They have several “estates” and they will tell you that some of them are sold out already but if you are observant, you will realise that no development is ongoing in any of them. In some cases, no single building. All you will see is a gatehouse with their sign board in front of the land. 2) The titles on all their lands are “in…
If you are investing in real estate in Lagos or anywhere in Nigeria, please attention. These are some of the things people do and regret later. 1) Believe everything the seller says 2) Dont involve a surveyor and a lawyer 3) Don’t check whether the property is within the setback of a closeby canal, high tension, or other public utility. 4) Don’t ask about the…
In land surveying, we always say that each assignment presents its unique challenges and revelations. Recently, we carried out a land survey in the vibrant locale of Odorangunshi Eredo, Epe. What transpired during this four-hour endeavor not only encapsulates the essence of our profession but also underscored the importance of precision in our craft while illuminating the intricacies of land ownership, and governmental regulations/restrictions. More…
