A Group of Civil Rights Associations has called for the immediate repeal of the Land Use Act in the country’s constitution saying the Act was impeding the development of real property in the country. The collision of three civil society organisations (CSOs) advocated an amendment of the Nigeria Constitution to exclude the Land Use Act from the document. After a ...
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Developer seeks Land Use Act amendment
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 ...
Read More »Gbadamosi seeks repeal of 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 ...
Read More »Lawyers seek review of Land Use Act, want land control revert to owners
Some lawyers on Tuesday in Lagos called for a review of the provisions of the Land Use Act of 1978 to keep reflect current realities and circumstances. The lawyers said this in an interview that the review would also enhance access to land titles. According to them, the provisions of the Act are obsolete and need urgent remodeling. Reports revealed ...
Read More »Lagos informs property owners to obtain valid development 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 ...
Read More »Sowore promises to repeal Land Use Act if elected as president
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 ...
Read More »Bankole accuses Gov Amosun of illegality over land dispute, writes IGP Idris
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 ...
Read More »CBN set to promote Nigeria’s mortgage guarantee scheme
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 ...
Read More »World Bank, CBN collaborates to review Land Use Act for mortgage activities
The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...
Read More »Osinbajo urges stakeholders to tackle problems of land administration
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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