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Land in Nigeria

Mortgage Institutions in Nigeria

In Nigeria, the present Mortgage operations are overseen by the Federal Mortgage Bank of Nigeria (FMBN) which operates through Mortgage Banks known as Primary Mortgage Institutions (PMI) which are licensed to interface with the individual customers. The terms and interest payable on Mortgages are usually less cumbersome than commercial loans. They are usually secured against the “brick and mortar” (property) ...

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Land Dispute: 10 INDICATORS OF A LAND UNDER DISPUTE, PART 2

With this part 2, I intend to conclude on the possible indicators of land dispute so you know what to look out for in order not to lose your hard earned money when buying land. Enjoy it. 3. Negative report on vendor/agent You must ensure the agent introducing the land to buy, your own agent helping you to source for what to ...

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Lagos Tenancy Law: How Much Do You Know?

Lagos Introduces E-Planning Permit

Begin this article HERE …into a house, the owner agrees to release the house and charges one hundred thousand every month, and you take it, you have accepted. For instance, you are going to Maryland and a vehicle passes calling for Yaba, you get in and indicate your exit at Maryland. What you have just done is agree with the ...

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Alternative Dispute Resolution in Nigeria

alternative dispute resolution

RESOLVING DISPUTES FROM THE HEART: A NEUTRAL’S PERSPECTIVE BEING TEXT OF A SPEECH PRESENTED AT THE SCMA NIGERIA MEETING ON WEDNESDAY 13TH MARCH 2013 BY MR AKIN OLAWORE FNIVS, FRICS, MAPM. Mediation is a way of resolving disputes without dissolving relationships.Dispute is part of human existence and will always arise, but how it is resolved defines human relationships. Rights and ...

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Building and Owning your Own Property Using NHF (NATIONAL HOUSING FUND)

The national housing fund is one of the ways by which we can access finance to purchase your choice property. It’s been anchored by the Federal Mortgage Bank of Nigeria. They distribute or loan out the money through the banks we call primary mortgage institutions; that is the regular mortgage banks we see around in conjunction with the Federal Mortgage ...

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Certificate of Occupancy: How to process it successfully

Yellow CofO Lagos

For any building structure you see, whether a bungalow, duplex, sky scraper or even the foundational stage of a building, the Certificate of Occupancy, popularly called the C of O is what signifies legally that you have interest on the land upon which that property is standing on. It is a very important document in any land transaction and is ...

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Benefits of Using Cooperative Society to Build or Purchase Land

The history of cooperative society with real estate as our focus dates back in history when it became renowned and accepted as a group dedicated towards the building up of the society. Before it came to the notice of the public, people do form groups with no knowledge and intentions of making it thrift as we have it today. But ...

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HOW TO GET THE GOVERNOR’S CONSENT AND WHY

Yellow CofO Lagos

The issue of getting a property can sometimes be very daunting if you have to think about the stress and many processes involved. First, you have to be sure what you’re buying is genuine and will not be sold to anyone else after your payment except by you. Then you have to obtain proper title if none existed before or ...

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Land Dispute: 10 INDICATORS OF A LAND UNDER DISPUTE, PART 1

Before you buy any land, take time to digest this article on the 10 possible indicators of land dispute before you proceed with your transaction. Mainly because when it comes to landed transactions, it is buyers beware “Caveat Emptor”. The person who parts with money is usually the one that suffers the most. This information will save you the pains ...

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Land Titles

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