*THE MOST IMPORTANT QUESTION FIRST TIME LAND INVESTORS SHOULD BE ASKING*

Many people, especially those who are about to make their first land transaction get confused when it comes to asking the right questions.

In some cases, intending investors ask questions like “where is the place?”, “Is it far?” and lots of other questions.
I’ve even had an encounter with someone who asked for the longitude and latitude of the land.

While these questions are not out of place and arise as a result of people trying to be careful so that they don’t make a financial commitment they would later regret, wouldn’t it be better if they knew the right questions to ask?

That brings us to the first question anyone intending to buy land should ask which is *“what is the status of the land?”*

See, before you buy land in Nigeria, it is very important that you know the status of the land!

Knowing the status of the land you are about to buy can save you a lot of money and unnecessary hassles.

Imagine buying a piece of land and erecting a building on it, just for the government to come some years after, and tell you to move out, with claims that your building is illegal because it is sitting on government property.

All these can be prevented if you know the status of the land you are investing in before sealing the transaction.
This brings us to *Land Classification*

Land can be classified as either free or acquired. A parcel of land is considered free if the government has not indicated any interest whatsoever in that land.
Such land is safe to buy because the title on the land can be perfected without issues.

In most cases, such lands will either have a gazette, a C of O or a governor’s consent.

Now that you understand what it means for land to be free, you should also know that all lands that fall within areas that are designated as urban areas are under government acquisition until deemed committed or free.

There are two types of acquisition;
*1. committed acquisition* and
*2.general acquisition*

*Committed acquisition*
A parcel of land is said to be under committed acquisition when the government has indicated an intention to use that land for a specific purpose such as provision of amenities.
Such lands belong to the government and can never be available for use by individuals.

If you purchase land that is under committed acquisition, it will be impossible for you to perfect your land title and you’ll only be occupying the land until the government comes to kick you out.

*General acquisition*
Lands that are under “general acquisition or “global acquisition can later be confirmed ‘free’ or ‘committed’.
A land under general acquisition can become free by a process called *excision*.

“Excision is a process whereby the government releases a portion of an expanse of land that is not committed"

If a parcel of land that was formerly under acquisition becomes excised, it is then considered free and becomes gazetted.

The gazette then becomes the title on the land and such land is safe to buy because a proper title can be processed on the land.

A second case where lands under general acquisition can be released is if an individual purchased a land that was under acquisition without going through an excision process.

Such lands can go through another process called “ratification” or “regularization” in which the land owner pays for the land to be ratified or regularized.

The only conditions in this case are that the land in question must not fall within a committed area and that the purpose for which the land was bought does not disrupt the original plan of the state.

Conditions for ratification may differ from state to state.

I hope by now you understand the most important question to ask when buying land in Nigeria and the kind of lands you should avoid.

Thank you.

This is a good post. Many thanks to the mod that pushed it to front page. Three bad boos to the mods that prefer cleavages and ass of yeyebrities.
Whats with this ftc sef

I would not advice anyone to commit his money to any land under this Buhari's government..the government is dictatorial and unstable.

BTW...Happy April Fools Day to y'all

..

E no easy

Ok

Happy April fool day

Wiw

Great and timely info op

Nice one.

Been wondering, is it okay to buy a land with just excision document especially in a place like Ibeju Lekki

Are you saying @ OP that once there's excision plan or number on a land, it's absolutely free from government acquisition?

Pls that uncle that gave out 5k yesterday Pls help me o my phone was down. I want to buy jamb form have huzzlled for 2k from the gains of selling pure water . Gt bank 0113381413. Anyone can help Pls. DDeliverer

OK.

ifyalways:
Nice one.

Been wondering, is it okay to buy a land with just excision document especially in a place like Ibeju Lekki

Are you saying @ OP that once there's excision plan or number on a land, it's absolutely free from government acquisition?

yes, it is safer than without any excision file number. when a property has an excision file number, it means the government has given a positive nod to go ahead and regularise.

propertyarena:


yes, it is safer than without any excision file number. when a property has an excision file number, it means the government has given a positive nod to go ahead and regularise.

Thank you. Is there a time frame between getting excision file number and final ratification? I ask because i've seen some really juicy offers from all these Ibeju-Lekki estate developers. My fear is, what if they don't go ahead to ratify the documents, will excision file number keep buyers safe forever

Sensible and informative post. This is an example of what we expect from Mods on the frontage not Fayose farts at opening ceremony see pics nonsense.
.
.
At the topic, so brotherly, most of the cheap land dealers are usually illiterate, how do I ask them all these big english in simpler terms?

ifyalways:

Thank you. Is there a time frame between getting excision file number and final ratification? I ask because i've seen some really juicy offers from all these Ibeju-Lekki estate developers. My fear is, what if they don't go ahead to ratify the documents, will excision file number keep buyers safe forever

there is no precise time frame, sometimes with government it depends on who knows who in government to help fast track the process.

BRICKS AND BARS ESTATE PHASE 2 is a place you can buy your land and build your dream Home without stress or any wahala from Omonile issues or Government land seizure issues. This is a little Heaven on Earth having the best quality plans and quality facilities.

Bricks and bars ESTATE phase 2 is located in Akodo Ise Town, 2 mins after La Campagne Tropicana. The Beautiful Estate is situated in a serene environment, I can say at the middle of bed of roses.

Bricks and bars Estate Phase 2 is affordable to every Lagosian or Non – Lagosian willing to have a home or buying for INVESTMENT to resell in futute.

STANDARD OF THE ESTATE:
Free from Government Acquisition and Free from Omonile issues, Dry land and tarred road to the estate.

BASIC FACILITIES:
Gated with Perimeter Fencing, Good Road Networks, Drainage and Street lights.

BEAUTY OF THE ESTATE:
Mall, Gardens and Parks, Recreational Club, School and Clinic.

AVAILABLE PLOTS:
Commercial Plots for Schools, Clinic, Mall, Worship place, etc.
Residence Plots for Service Plots and Communal Plots.

TITLE DOCUMENTS:
Registered Survey, Deed of Assignment signed by the family and Lagos state Land Bureau and High Court, Approved Layout plan, and Power of Attorney signed by the family, Vendor and Lagos State.
Gazette Document is now in view.

PLOTS SIZE: 600 Sqm

Outright: N600,000
ALLOCATION TYPE: Immediate
DEVELOPMENT: Immediate

INSTALLMENT PLAN:
PERIOD: 3 Months
PRICE: N700,000
Spread: 1st Month: N300,000, 2nd and 3rd Months: N200,000

NOTE: EASTER PROMO:
Buy 6 Plots , get 1 plot free.


BENEFITS:
• No Omonile issues, Free from Government Acquisitions, Dry land and tarred Road, Security and fast Development.
• You are responsible for building your structures to your taste and no hidden charges.
• Closeness to prominent Developments i.e. Free Trade Zone, Refineries, Deep Sea Port etc.

These lands are cheap doesn't make them any less genuine, remember a plot of land in Lekki phase 1 was being sold for about 700k in the '80s. As far as Ibeju-Lekki is concerned Bricks and bars phase 2 is enough for the wise.

For more enquiries, site inspection and purchase kindly contact Victor Eze on 08092724970 or 08158961762

Spacebooked

Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth"
~Robert Kiyosaki

NAME: CEDAR WOOD PHASE 2
PRICE: 1,800,000( outright)
INSTALMENTS: 150,000x12months=1.8m
LOCATION: BEHIND PAN ATLANTIC UNIVERSITY
TITLE: REGISTERED SURVEY PLAN & DEED OF ASSIGNMENT

A lot of people are complaining that after buying lands in Ibeju-Lekki they have to beg and fight to be physically allocated but, we are here with a brand new estate with amazing incentives. Cedarwood phase 2 is the best offer you can get this year because it is not only located directly behind one of the most prestigious university's in Nigeria it to is also an estate in which physical allocation and plot reservation is done immediately after full payment.

The early subscribers to this wonderful estate scheme have started building their houses and this is something which you will witness when you come for site inspection.

For more detailed information and purchase kindly contact Victor Eze on 08092724970 or 08158961762

Ifyalways....You have asked the same questions I had in mind.

Op. Thanks for your insightful post.

Ok

Nice one op ... I'm feeling you

Material: *Aluminum (0.45mm thick)*

Style: *Metcopo*
Colour: Traffic Black

*Roof:* 460.2m @ N1900/sqm = *N874,380

*Flashing:* 71m @ N1700 = *N120,700
*Cladding:* 75m @ N1700 = * N127,500

*Accessories:* = *N30,000*

*Workmanship:* = *N80,000*
Bending =#8,000
Transportation=#15,000

*Total* = *N1,255,580*

Location: City of David Estate.. Shimawa Ogun State

Call/WhatsApp 080-85-310-359 For Your Next Roofing Project

Heavenly home phase 2 was sold for 500k a plot and it was on the market for just 3weeks before getting completely sold out. Think fast... Think smart.... Bricks and bars estate is another amazing offer that you can't asked to miss and it's going for an outright price of 600k with a buy 6 get 1 free promo. Don't say you weren't told... Ibeju-Lekki is the next big thing. These land are cheap doesn't make them any less genuine.. We are just trying to make home ownership a reality for all

Thank u

Please I am in search of a face-me-I-face you room in the areas of Yaba, CMS, Obalende, VI, Ikoyi

pls kindly help. Mention me, or PM or send email to mondaydms@gmail.com

Thank you very much. Please it's very urgent

Westwood Park Estate* is located in a serene environment of the new economic centre of Lagos.

*LOCATION:* Off Monastery Road, Sangotedo, Ajah, Lagos.

*ESTATE FEATURES:*

- Good road network

- Street light

- Gated & Secured environment

- Sports Corridors

- Landscaping

- Shopping centres.

*WHY YOU MUST BUY INTO WESTWOOD PARK ESTATE 2*

 The estate will appreciate by over 150% in 12 months.

 Excellent location,10 minutes to VGC

 Excellent facilities

 Good title

 Free from any known Government acquisition.

*NEIGHBORHOOD:*

* Oluwa-ni-n-sola Estate, Chevron, Lekki, Lagos - The largest private Estate in Lagos.

* The Lagos Business School, Sangotedo & Pan Atlantic University.

* Novare Mall, Lekki (Sangotedo) - The largest shopping mall in Lagos.

* Emperor Estate, Sangotedo - One of the most expensive housing estate in Lagos.

* The Monastery, Sangotedo: The Catholic Monastery.

* Lagos Homes, Sangotedo.

* Grenadines Estate, Sangotedo.

* And many others.

*TITLE*

C of O

*SIZE*

600sqm

*PRICE*- 9,500,000( outright). Payment can be spread into 3months and 6months

Half plots are also available

For more detailed information and purchase kindly contact Victor Eze on 08092724970 or 08158961762

propertyarena:
*THE MOST IMPORTANT QUESTION FIRST TIME LAND INVESTORS SHOULD BE ASKING*

Many people, especially those who are about to make their first land transaction get confused when it comes to asking the right questions.

In some cases, intending investors ask questions like “where is the place?”, “Is it far?” and lots of other questions.
I’ve even had an encounter with someone who asked for the longitude and latitude of the land.

While these questions are not out of place and arise as a result of people trying to be careful so that they don’t make a financial commitment they would later regret, wouldn’t it be better if they knew the right questions to ask?

That brings us to the first question anyone intending to buy land should ask which is *“what is the status of the land?”*

See, before you buy land in Nigeria, it is very important that you know the status of the land!

Knowing the status of the land you are about to buy can save you a lot of money and unnecessary hassles.

Imagine buying a piece of land and erecting a building on it, just for the government to come some years after, and tell you to move out, with claims that your building is illegal because it is sitting on government property.

All these can be prevented if you know the status of the land you are investing in before sealing the transaction.
This brings us to *Land Classification*

Land can be classified as either free or acquired. A parcel of land is considered free if the government has not indicated any interest whatsoever in that land.
Such land is safe to buy because the title on the land can be perfected without issues.

In most cases, such lands will either have a gazette, a C of O or a governor’s consent.

Now that you understand what it means for land to be free, you should also know that all lands that fall within areas that are designated as urban areas are under government acquisition until deemed committed or free.

There are two types of acquisition;
*1. committed acquisition* and
*2.general acquisition*

*Committed acquisition*
A parcel of land is said to be under committed acquisition when the government has indicated an intention to use that land for a specific purpose such as provision of amenities.
Such lands belong to the government and can never be available for use by individuals.

If you purchase land that is under committed acquisition, it will be impossible for you to perfect your land title and you’ll only be occupying the land until the government comes to kick you out.

*General acquisition*
Lands that are under “general acquisition or “global acquisition can later be confirmed ‘free’ or ‘committed’.
A land under general acquisition can become free by a process called *excision*.

“Excision is a process whereby the government releases a portion of an expanse of land that is not committed"

If a parcel of land that was formerly under acquisition becomes excised, it is then considered free and becomes gazetted.

The gazette then becomes the title on the land and such land is safe to buy because a proper title can be processed on the land.

A second case where lands under general acquisition can be released is if an individual purchased a land that was under acquisition without going through an excision process.

Such lands can go through another process called “ratification” or “regularization” in which the land owner pays for the land to be ratified or regularized.

The only conditions in this case are that the land in question must not fall within a committed area and that the purpose for which the land was bought does not disrupt the original plan of the state.

Conditions for ratification may differ from state to state.

I hope by now you understand the most important question to ask when buying land in Nigeria and the kind of lands you should avoid.

Thank you.

*A plot of land measuring 670sqm within a fully developed area @ORAL ESTATE* immediately after Chevron roundabout directly opposite Eleganza *before Ikota Villa estate* behind Oando filling station @Lekki Epe Expressway.

*Title:Governor's Consent ..


price -  #N55M ( negotiable) 

Contact - 08066696890