Home » Land Matters » Land in Nigeria (page 5)

Land in Nigeria

20,000 Housing Units Provided By FRSC For Its Personnel

Federal Road Safety Corps has concluded plans to construct 20,000 housing units across the country for its personnel under a housing scheme tagged “Vision 20,000 housing project.” Making the disclosure recently, while receiving the management team of the Federal Mortgage Bank, the Corps Marshal, Boboye Oyeyemi, reiterated that the housing initiative was informed by the need to provide the required ...

Read More »

LAGOS MEGA CITY PROJECT: HOMS to drive Urban Regeneration

In addition to its infrastructure upgrade and environmental transformation, the Lagos State government is using its pace-setting home ownership mortgage scheme—the LagosHOMS—to drive urban regeneration that would ultimately dovetail into its dream mega city status. This regeneration which has already seen some footprints in some parts of the state, particularly Ikeja and Lagos Island, involves the demolition of obsolete housing ...

Read More »

Lagos To Regulate Agency Fees

Fashola should recreate Jakande’s housing magic across the country –Pastor Bassey James

Lagos State government has initiated moves to regulate estate agency fees in the state which it claims ranks highest when compared with other countries. To this end, a stakeholders’ meeting was recently convened at the Lagos State Real Estate Transaction Department (LASRETRAD) to deliberate on “Real Estate Agency Fees in Lagos”. In attendance were various associations of estate agents, legal ...

Read More »

How Ebola Virus Can Affect Real Estate Opportunities

It is no longer news that the deadly and dreaded Ebola virus has been spotted in the nation, already killing its Liberian harbinger, Patrick Sawyer and the Matron who treated him in a Lagos Hospital. There is considerable panic among Lagosians especially as everyone is beginning to take extra precautions in their hygiene and in their inter-personal relationship with people, ...

Read More »

The Ogun State Homeowners’ Charter Initiative

Certificates of Occupancy

Customarily, property ownership are largely informal and undefined, whereby there are no documents to prove ownership and lands are self protected which has led to many resorting to self-help in order to physically protect their property. As a result of this problem, the Ogun State Government has shown an uncommon understanding of the issues and has designed a new system ...

Read More »

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) ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »