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…
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…
PUNCH NEWSPAPER (6TH NOVEMBER) Headline: Follow Due Process in Building Demolition, Stakeholders Tell Govt. Stakeholders in the construction industry have urged the government to adhere to due process before demolishing buildings. At an advocacy program organized by the Building Collapse Prevention Guild and the Nigerian Bar Association in Lagos, legal experts emphasized the importance of following the law in building demolitions. Senior Advocate of Nigeria,…
LIST OF “OMONILE” TRICKS YOU SHOULD KNOW – PART 2Recently, we had a few people who acquired their land directly from “omonile” (family land owners) and this is the second part of the tricks list which was created as a result of their “unnecessary” challenges. 1 They try to sell you land outside the area that has a good title(C of O, Excision, Governors Consent…
People often ask me to use the coordinates picked on a property they are interested in to verify the true owner at Alausa. They are always surprised and disappointed when I say I can’t verify the ownership of a property at Alausa except the property has a registered deed/existing title. The truth is, in most cases, if you take the coordinates of a land to…
Last month, I had two separate discussions with 2 of my realtor friends about Court Judgment in property transactions. The first one called me and said he had a client who wanted to purchase a parcel of land in Epe and the client said he was told by the seller that the title the land has is court judgment. He was confused and wanted to…
These days a lot of people are into some form of real estate business. In the past 5 years, thousands of Nigerians have become real estate marketers. That’s not a problem. It’s actually a very good thing because real estate marketing is a good source of income and besides, in Nigeria, we have a massive housing deficit. The problem is that recently, unscrupulous elements are…
Most times people who want to buy land often fall victim of what is called Bandwagon Effect. They buy because others have bought. They use the fact that others have bought and have probably started building as a yardstick for determining if the land is good or not. They say “all this people that have bought cannot be wrong”. This is a wrong strategy and…
BEFORE BUYING LAND WITH C OF O, CHECK THE SURVEY PLAN When acquiring a property, it is always important to know if the property has a Certificate of Occupancy (C of O) or some other title. But it is more important to know if the C of O is defective. It is not uncommon for errors to be made during land title preparation. One thing…
