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|Lagos State Revokes Titles Of Properties At Elegushi On The Regional Road . by backspace07: 11:31am On Jun 03, 2020|
I have done several site inspections in these areas for many investors and I often report that some of these lands are within the proposed Regional road and therefore it is not good for investment. Most times , many of them look at me with utter disbelief that I do not know what I am saying. Infact, many would think I am an enemy of progress when I tell them not to buy based on survey verification .When investors inform their agents ,developers or sellers about the survey inspection reports I wrote, the agents , developers or sellers usually persuade them that it is impossible for government to execute the Regional road project that it has been abandoned and that government would not revisit the project again and besides that because of political elections that no administration would embark on any demolition exercise.Some claimed some civil servants had helped them to bypass the query or encumbrance and obtained titles for their landed properties.Some were smart enough to consider the survey reports while other ignored and proceeded with the transactions.
I am writing this article with mixed feelings and I wished some of these investors had listened.Now, those illegal titles have been revoked and I dont think government will pay any compensation.
See the revocation notice below.
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