Here is what I learnt from an attorney as regards law governing land acquisition.
So,pay attention to the details as it will be unveiled to you below.

Before I go on, you may like to read my previous post to properly understand land laws and documentation




Dear real estate investor,

You need to understand land laws and practice in order to save yourself future heartbreaks.

1. When government acquires your land for overriding public interest,your saving grace won't be the fact of your C of O only but most importantly,your building approval.




2. If you are occupying a property that is not legally/validly transferred to you( a compulsory requirement for obtaining governor's consent), and if government acquires it, the person to be compensated is the person whose name is on the C of O, even if he or she has sold to you.




3. Six months amnesty period is on for you to regularise your position and stand clean in the eye of government.

Now,that is not all.
You should also bear it in mind that:



4. A place that wasn't under government acquisition at the time of buying may get acquired by government later.
Government owes you no explanation for acquisition.
The reason been that no one owns land exclusively in Nigeria. What we call "ownership" is like a lease (a term of 99 years) from the government.
Government is the sole landlord/land owner.

Your C of O is just an evidence of lease (just a certificate to occupy),which you must service by payment of annual rent to the government.
Also which you cannot transfer by way of sale,lease,mortgage validly without government consent.

Government can acquire your 'C of O-ed' land for public interest, in which case there will no compensation for you EXCEPT you already have some sort of improvement on the land such as building,crops,plantation, fencing,wells,or reclamation works etc. in which you will only get compensated for unexpired, unfinished value of those improvements.
Or government may offer residential buildings/settlement in another location as a reasonable alternative to you in place of monetary compensation.

Another vital information is this;most especially to married couples and intending couples.

If you are interested in buying a property as a couple then your names should appear in the agreement as "Mr Sunday Essien and Mrs Maria Sunday Essien" not "Mr and Mrs Sunday Essien."

The reason been that there is no such legal personality known as Mr and Mrs Essien.
You might be creating legal problem for yourselves when you use such to buy properties.

And finally, you may want to change your "next of kin" to your spouse after wedding from your sibling's or anybody else's you used before wedding to avoid pains/conflicts in future.

https://realestatemoneyafrica..com/2019/07/before-you-lose-your-landed-property.html?m=1

Good post. You can change your URL to a .com domain to attract better viewers etc

Thanks.
I will do so.