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Tag Archives: land use act

Developer seeks Land Use Act amendment

land use act

A real estate development firm Landshop founder Prince David Omaghomi has called for the amendment of the Land Use Act to recognise ancestral ownership of land and make them bankable. At a briefing, Omaghomi said though he could not challenge the Land Use Act, he could call for its amendment on it as many cases were still pending in the ...

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Gbadamosi seeks repeal of Land Use Act

land use act

A real estate developer, Mr. Babatunde Gbadamosi, has called for the repeal of Land Use Act to allow for freehold ownership system in all states across the federation. Gbadamosi, CEO of Red Bricks Homes, told newsmen on Monday in Lagos that the repeal of the law would help attract the much-needed investment in real estate sector. He said that the ...

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Lagos informs property owners to obtain valid development permit

permit

The Lagos State Government has asked property owners within Federal Government acquisitions to obtain valid development permit to prevent their buildings from being sealed or demolished. The General Manager, Lagos State Physical Planning Permit Authority, Mr. Funmi Osifuye, said the validation was necessary to prevent disruption or demolition by LASPPPA due to lack of building plan approval. Osifuye said the ...

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Sowore promises to repeal Land Use Act if elected as president

Land Use Act

Sowore, presidential candidate of the African Action Congress (AAC), has vowed to repeal Nigeria’s existing land use act if he becomes President. The Land Use Act, enacted in 1978, governs land regulation in the country, but has long been criticised for vesting too much power in state governors who are responsible for allocation of land. While speaking at a town ...

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Bankole accuses Gov Amosun of illegality over land dispute, writes IGP Idris

land dispute

Alani Bankole, the father of former Speaker of House of Representatives, Dimeji, has petitioned the Inspector-General of Police, Ibrahim Idris, accusing the Ogun State Governor, Ibikunle Amosun, and Attorney-General of the state, Olumide Ayeni, of flouting a court order on a land dispute involving him and the governor. But the governor in a swift reaction on Sunday through Mr. Ayeni ...

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CBN set to promote Nigeria’s mortgage guarantee scheme

CBN

A Pilot feasibility study for the establishment of a mortgage guarantee scheme which provides credit loss protection to lenders in case of borrower default is underway. Tentatively christened Nigeria Mortgage Guarantee Company (NMGC), Central Bank of Nigeria (CBN) is promoting the scheme in collaboration with World Bank and other stakeholder partners under the Nigeria Housing Finance Program (NHFP). The scheme ...

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Osinbajo urges stakeholders to tackle problems of land administration

stakeholders

The Vice President, Prof. Yemi Osinbajo, has urged stakeholders in land management to identify and address every imaginable problem that has hindered land administration and management in this country. Osinbajo gave the charge in Abuja on Monday while declaring open the National Stakeholders Dialogue on Land Reform in Nigeria, organised by the Presidential Technical Committee on Land Reform. According to ...

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How To Buy Land In Nigeria

Buy Land In Nigeria

Searching for where to buy land in Nigeria is not a walk in the park especially when the buyer is new to property transactions.  In view of this, the first thing that should come to mind when you want to buy land is the issue of finance. Although finance is the major fuel that drives the intent to buy land, ...

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