Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,039 members, 7,810,850 topics. Date: Saturday, 27 April 2024 at 04:56 PM

Property Investment (land Banking) - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Property Investment (land Banking) (1185 Views)

Very Cheap Investment Land For Sale In Lagos Nigeria / Uniqueness Of Land Banking / Making Cool Money Through Land Banking (2) (3) (4)

(1) (Reply) (Go Down)

Property Investment (land Banking) by edkai: 11:24pm On Aug 07, 2017
My name is Okhamafe Edwin. I am a property consultant representing a number of property firms in Lagos. As you might already be aware of, investment in landed properties has always been a trend and still remains trending as it is one of the very few investments that is able to actually guarantee you a very huge ROI (return on investment) within a considerably small amount of time. Presently there is quite a rush amongst investors to acquire landed properties in some choice locations in Lagos at very affordable prices. Why this rush?!. Well the reason is not far fetched. If you have had your ears on the ground and have been very conversant with the recent infrastructural programs being put in place by the Lagos State government you will understand while investors are very eager to invest in landed properties right now. Presently, these properties are being offered up at very affordable prices such that an average investor can also take advantage of this opportunity. An opportunity today that will go a long way in the future so much so that you cannot even imagine.
Like I said, I am a consultant and always ready to offer advisory service which includes recommending choice locations where you should invest with respect to acquiring properties. We will assist you through all the process of making your decision or choice by way of offering you expert analysis of the prospects of these locations.

So whether you are in Nigeria or abroad and you are looking at investing by acquiring at least a land for yourself in a secure area with very high prospects and with no hassles, you can reach me on any of these numbers for more information:
08187831475
08164058477
Re: Property Investment (land Banking) by edkai: 9:32pm On Aug 18, 2017
Call any of these numbers for enquiries and site inspection
08164058477
08187831475

Re: Property Investment (land Banking) by edkai: 10:20pm On Aug 18, 2017
These lands and many more are currently on sale at the moment at reduced prices and very flexible payment plans. We will schedule a site inspection for you as soon as you indicate interest. Grab this opportunity now!

For enquiries, call any of these numbers:
08164058477, 08187831475

Re: Property Investment (land Banking) by edkai: 7:12am On Sep 04, 2017
Awesome work going on at FOUNTAIN BROOKS GARDENS.

TITLE: Registered survey and Deed of assignment

EXCISION IN VIEW: File No: KL10759

LOCATION: Globe motors/Pan Atlantic university, Lekki express way, Lagos.

PLOT SIZE: 600sqm

OUTRIGHT PAYMENT: #1,800,000

INSTANT ALLOCATION
12 months installment @ #2,000,000

Free sight inspection.
No Agency fee.
Call: 08187831475
Re: Property Investment (land Banking) by edkai: 8:55am On Sep 16, 2017
PRODUCTS OF THE DAY​

INVEST IN REAL ESTATE, TODAY

*AIMAET HOMES PHASE 1,LAGOS*
*(LACAMPAGNE /FREE TRADE ZONE)*
Tittle "Registered Survey &lay out Plan"
PRICE: N700,000.00 For
2Months Instalment
Buy 6 get 1 Free
Buy 3 get half Free
Or buy 1

*AIMAET HOMES PHASE 1,LAGOS (ELERANIGBE, Lekki Express Way)
Tittle:  Excision 
PRICE: N600,000.00 
Buy 5 get 1 Free
Or buy 1
Instalment Available

*AIMAET HOMES IFO
Location: (COKER TOWN, LAGOS)
Tittle: "C of O in process"wink*
PRICE:N500,000.00
Instalment Available

* AIMAET HOMES ABEOKUTA  Location: (SIUN TOWN)
Tittle: Registered Survey*
PRICE:#200,000.00
Instalment Available

TO BOOK FOR INSPECTION
(MONDAY TO SATURDAY)

More Enquiry, please call:
Name: EDWIN
Mobile: +234-8187831475
Website: www.aimartrealtors.com

Re: Property Investment (land Banking) by edkai: 10:18am On Sep 16, 2017
BRIEF HISTORY OF A GAZETTE: Before the
Land-Use Act in 1978 was enacted, Traditional families who had so much land power under their control benefited from taking pleasure over all the rights given to them as land owners.

Because of this mega-power they wielded with land, they gave out lands to individuals under a tenancy system for them to use the land either for fishing or farming while they still maintained control over the portion of the land given to the individual.

It wasn’t until the creation of Lagos Executive Development Board in the 1950s that individuals where now able to acquire land from the board directly in exchange for a sum of money instead of going to meet the traditional families to obtain land.

This led to theTraditional Families now splitting their lands to keep some for the family use and others for sale to individuals directly to
compete with the Lagos Executive Development.

This system still made the Traditional Families total top dogs in exercising exclusive rights with lands they chose to sell and the ones they chose to keep. This eventually led to the birth of land speculation in Nigeria because lands were very expensive to purchase and difficult to obtain.

Because of this and other ancillary reasons, it finally led to the promulgation of the Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. People could now directly obtain land from the Governor and the Governor could allocate land to the individual or Companies inquiring about land and issue certificate of occupancy to these people it has allocated land to.

The land use act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands Compulsorily for its own public purpose to provide Amenities for the greater good of the citizens.

The Acquisition of land from the Family by the Governor who is now the custodian of all lands in the state was now empowered by the Land Use Act to take the general control and management of all URBAN land and any area designated as an Urban area by the Governor shall be published in an Official Government Record book known as the "Gazette"

Any area, community or village the Governor designates as an Urban Area is an Acquired land and the rest of the land it has not Acquired may be given back to the community it was acquired from in the form of an Excision.

“An Excision means basically taking a part
from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that
state.”

So for example if in 1981, Victoria Island, Ikoyi
and Lekki were all part of one big Community joined together called Oniru and it had no separation to know which area is called ikoyi, lekki or V.I then and it has an approximate total area square meters estimate of 100,000 square meters and the Government is interested in that
area and decides to take 70,000 square meters
for its self for its own personal use as an Urban
Area or public purpose,

it will record this acquisition in the official government gazette and also record that the remaining 30,000 square meters has been left alone for the traditional family to have and do with it whatever it pleases it to do.

This is the sweet relationship between a land under acquisition, an excision and gazette.
A gazette is an official record book where all special government details are spelt out, detailed and recorded.

A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to
them.

If they decide to sell anything outside the
excised land, then that land is under acquisition
by the government and it is a very bad land to
buy Special Features of a Gazette include the
following: The Cover of the Gazette must include the Number of the Gazette, Page of the Gazette and Volume of the Gazette. It must also Include the Date and Location it was issued

1. The first page of a Gazette must have the following unless it is a dubious or fake Gazette
a. The Logo of the Country and the inscription of the title “ LAGOS STATE OF NIGERIA OFFICIAL GAZETTE”
b. Underneath it must have the Number, Volume,Page, Date and the Location it was signed into law e.g No 26 in pages 200 to 291, Volume 87 dated 14th of August 2011 and have the contents of the list of the Villages, Settlements and parcels of land excised back to the community.

2. The Inner pages will show the following:
a. The description of the Area or Village excised
b. The number of Acres or Hectares of land
excised to the Village
c. Where the boundaries of the beacons start and stop
d. The page the description of the Village excised is.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A
community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land.

If the government based on some reasons best
known to them decides to revoke or acquire your land, you will be entitled to compensation as long as it’s within the Excised lands given to that community.

The best way to know whether a land is under
acquisition or has an excision that has been
covered by a Gazette is to get a surveyor to chart the site and take it to the surveyor general’s office to do a land information to confirm whether it falls within the gazette and spell out which particular location it can be found.
Re: Property Investment (land Banking) by edkai: 6:58pm On Oct 11, 2017
Perhaps you have heard of LEKKI PHASE 1, LEKKI AJAH, LEKKI SANGOTEDO and now IBEJU LEKKI.

Perhaps you think its too far out and you don’t want to buy there. Let me convince you NOW!. Land acquisition is the easiest way of getting into real estate and property.

Any retirement fund isn't complete without a property portfolio included, its where you can sit back and live off your rental income!.

Seeing that land and properties appreciate on a daily basis you can never go wrong.

*14 OTHER FACTUAL REASONS TO CONSIDER ON GOING DEVELOPMENTS IN IBEJU LEKKI*

1. THE NEW multi billion Naira Lekki-Epe International Airport

2. New Sea Port

3. Dangote Refinery

4. Free Trade Zone

5. New Shoprite

6. Pan Atlantic University

7. 4th Mainland Bridge

8. Access to luxury resorts such as; La Campagne Tropicana Beach Resort, Eleko beach and Other beautiful Beach.

9. Major Industries (Eleganza Industrial City, Coscharis HQ, New Computer Village and so much more).

10. Fastest Growing region in Nigeria.

11. Property will more than triple in appreciation within the next 2 years.

12. Free from omo onile and gov acquisition.

13. Instalment payment available.

14. Neighbours to lots of other estate

For information on all our gated, secure estate within Lekki, Ibeju Lekki & it's environs Contact: 08164058477
Re: Property Investment (land Banking) by edkai: 8:33pm On Oct 23, 2017
*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 land will either have a Gazette, a Certificate of Occupancy or a Governor’s consent. Land that falls 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
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 land belongs 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 will only be occupying the land until the government comes to kick you out.

2. GLOBAL (OR GENERAL) ACQUISITION
Lands that are under “general acquisition” or “global acquisition” can later be confirmed ‘free’ or “committed” as the case may be. A land under general acquisition can become free either Excision or Ratification (Regularization).

‘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.

“Ratification” (or “Regularization”) is where the land owner pays for the land to be approved or sanctioned by the government. The only condition is 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.

*DEED OF ASSIGNMENTS*
Most people have the title documents to their cars intact and in safe places but fail to ask for the Deed of Assignment to their properties which is several times more valuable than cars

A Deed of Assignment is one of the transactional document drawn up by a Real Estate Attorney between the current title holder for a particular property (the Assignor) and the new buyer. In Real Estate transactions, a Deed of Assignment is a legal document that transfers the interest of the owner to the person to whom it is assigned (the Assignee). When ownership is transferred, the Deed of Assignment shows the new legal owner of the property.

The Deed of Assignment contains very pertinent information for a Real Estate transaction. It spells out the date when the ownership of the property transfers from one owner to the other. It also gives a specific description of the property that is included in the transfer of ownership, as well as the traditional history.

It is very compulsory and mandatory for a Deed of Assignment document to be recorded at the appropriate Land Registry to show legal evidence as to the exchange of ownership in any land/landed property transaction in order to make the general public and government aware of such exchange or transaction. Any recorded Deed of Assignment at the appropriate land registry will be authenticated in form of either a Governor’s Consent or Registered Conveyance after it has been stamped at the Stamp Duties office.

The following documents are usually involved when a Land purchase is made.

(1) The Deed of Assignment (2) The Contract of Sale (3) The Purchase Receipt
(4) The Survey Plan (5) Any other Title Document that may apply.

Each of these documents can come at separate times in the transaction process. The seller signs all documents when the transaction is complete and hands over the documents to the buyer.

*SURVEY PLAN*
A Survey Plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor General. It must contain the following information: (1) The name of the owner of the land surveyed (2) The address or description of the land surveyed (3) The size of the land surveyed (4) The drawn-out portion of the land survey and mapped out on the survey plan document (5) The beacon numbers (6) The surveyor who drew up the survey plan and the date it was drawn up (7)A stamp showing the land is either free from Government acquisition or not

*EXCISION*
An Excision means basically taking a part from a whole and that part that has been excised will be recorded and documented in the official government Gazette of that State. In other words, not having an excision means the land could be seized by the Government anytime without compensation, even if it was bought “legitimately” from the ‘Baale’ or the original dwellers on the land.

*GAZETTE*
A Gazette is an Official record book where all special government details pertaining to land are spelt out, detailed and recorded.

A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public, and not anything outside those hectares of land given or excised to them.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant Title to the villagers. A community owning a gazette can only sell land to an individual within those areas that have been excised to them. Also the community or family head of that land has the right to sign your documents if you purchase land within those excised acres or hectares. If the government, for any reason, decides to revoke or acquire your land, you will be entitled to compensation as long as it is within the Excised land given to that community.

The best way to know whether a land is under acquisition or has an excision that has been covered by a Gazette is to get a Surveyor to chart the site and take it to the Surveyor General’s office to do a land information and confirm whether it falls within the Gazette, and spell out which particular location it can be found.

*CERTIFICATE OF OCCUPANCY*
A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leased Lagos land to you, the applicant, for 99 yrs. All land belong to the Government. The first person on a virgin land that has never been occupied and not under acquisition by the Government is entitled to get a Certificate of Occupancy on that land.

*GOVERNOR’S CONSENT*
If a person with the C of O decides to sell his land to another person, the buyer must obtain the Consent of the Governor before that transaction can be deemed legal in the eyes of the Government. If the new buyer now decides to sell the land again to a third owner, that third owner must also obtain a new Consent of the Governor before that transaction can be deemed legal in the eyes of the Government. This process continues every time the property exchange hands. In other words, the first person on a land is the only person or group of persons entitled to obtain a Certificate of Occupancy. Every subsequent buyer of that land must get a Governor’s consent. There can only be one (1) Owner of the Certificate of Occupancy on that Land and it will not be replicated for another person once the land has been sold or transferred to another person.

The powers of the Governor to Consent to such transactions can be found in Section 22. Of the *LAND USE ACT 1978* as amended. The Governor of a State can delegate the power of Consent to any member of his cabinet.

It is very important for a purchaser of land to perfect his or her document by obtaining a Governors Consent so as to have complete rest of mind. An advantage of having a Governor’s consent is that you can transfer your land to another person without going to the community touts (’Omo-oniles’) or ‘Family Baale’ to sign your Deed and Form 1c, which are compulsory requirements needed before you can process Governor’s Consent. Do you now see why Certificate of Occupancy is not the ultimate?
Re: Property Investment (land Banking) by edkai: 8:41pm On Oct 23, 2017
Plots of land in Grace Garden Estate

Title: REGISTERED SURVEY

Location: Okun Imedu Area, Off Lekki-Epe Expressway,
Ibeju-Lekki LGA (Free Trade Zone, After La Campagne Tropicana)

*Plot Size: 600sqm*
Outright Payment: ₦1.500,000per plot
Outright payment can be done within 3 months

Bonus : Free Provisional Survey

Promo: Buy 2plots and get 1 plot free.
Buy 10plots and get 2plots free and a family of MAX. 4 Tourism trip to Kenya and Bostwana in December 2017.

For More Information, contact ☎: 08164058477
HURRY NOW WHILE STOCK LAST

(1) (Reply)

Igbemo Upland Rice Project / About Enyimba Economic City (EEC) / Forex Investment

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 62
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.