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Investment / Why Ibeju Lekki Will Not Become The New Apapa. by DANBELPIL: 3:04pm On Apr 10, 2021
Most people who have been caught up in the deadly Apapa gridlock are understandably concerned about the possibility of a repeat in Ibeju Lekki.

Apapa is home to Nigeria's two major ports, which handle 75 percent of the country's overall imports. However, major problems such as traffic, a bad road network, dysfunctional transit practices, inefficient logistics networks, and weak infrastructure have rendered Apapa a daunting spot to visit throughout the years.

The presence of the world's largest single-train refinery and a deep seaport and many manufacturing industries has raised concern amongst investors about the possible gridlock once they are all fully operational. However, the Lagos State and Federal Governments and the Dangote Group have taken steps that show promising signs.

Ibeju Lekki is a border city in Lagos State, less than 40 minutes away from Ijebu Ode, unlike Apapa, which is situated in the city center. The roads connecting Lagos and Ijebu Ode by Epe have been extended and tarred by the federal government in cooperation with Ogun and Lagos' state governments.

The Lagos State government has started the Eti Osa-Lekki-Epe Road expansion project to further alleviate future traffic congestion. The project's first phase, which began in November 2020, aims to expand the two-lane 18.75-kilometer road from Eleko to Epe T-Junction to a six-lane road with three lanes on each side. A lane on each side will be reserved as a toll weighbridge only for heavy-duty vehicles, such as tankers, container trucks, and construction trucks, to help organize their operations.

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Investment / Different Methods Used To Scam Nigerians by DANBELPIL: 4:41pm On Apr 07, 2021
Investors will easily get lost, puzzled, and emotional in today's environment with an overload of information due to the numerous "opportunities" that pop up daily. Today's media, at its worst, invites consumers to take excessive action, which is one of the worst things an investor can do. That's because the most critical concept of investing is not how skilled you are at selling, but rather how patient you are.

Over the course of their careers, successful investors acquire a variety of useful skills. You don't come out of the womb knowing how to research or apply critical thinking to an investment opportunity; those are skills that some people acquire over time. Patience is an essential, but underappreciated, investment capability that we think many people might improve upon. We aren't born with the ability to be patient. When we're young, we're more concerned about immediate gratification. Ask every adult who has dealt with a child's temper tantrum. Patience, on the other hand, can be mastered, and if you're an investor, knowing it could help you achieve your financial objectives.

Unfortunately, most novice investors do not understand that you cannot become a multi-millionaire overnight. They do not understand the importance of patience in business and this is why they fall victim to several schemes that promise large returns in a short time. Here are some people whose quest for quick fortune plunged.

Unfortunately, inexperienced investors do not realize that being a multi-millionaire would not happen immediately. They don't realize the value of patience, which is why they fall for a variety of schemes that offer big returns in a brief period of time. Nigerians on Twitter bared it all on schemes they fell prey to in their search for quick riches.

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Properties / A Tour Of Dangote Refinery (video) by DANBELPIL: 4:33pm On Mar 31, 2021
The Dangote Refinery and Petrochemical Plant, with an estimated investment of $15 billion, currently under construction in Lagos' Lekki Free Trade Zone, is scheduled to be Africa's largest oil refinery when it is completed in 2021.

The Dangote Refinery and Petrochemical Complex, located on 2,600 hectares of swampland in Lagos' Ibeju-Lekki neighborhood (about six times the size of Victoria Island), is said to have the world's largest pipeline system. It has a 1,100-kilometer gas pipeline capable of carrying three billion standard cubic feet of gas every day and a 400-megawatt power plant capable of meeting Ibadan DISCO's overall power needs.

It also has a gas processor, the world's largest facility for ammonia and urea, which are used in the manufacture of plastics and fertilizer, as well as a fertilizer plant that can utilize the refinery's waste materials. Connecting the Niger Delta to the Lagos-based Lekki Free Trade Zone (LFTZ) is one of the project's many deliverables. A pipeline grid, access roads, tank storage facilities, and crude and product-handling facilities are also part of the refinery complex's infrastructure. A marine terminal has also been built as part of the expansion, which includes a breakwater, jetty, and harbor.

An administrative building, guardhouses, a fire station, and pump stations were all constructed to support the project. Dangote has also constructed a jetty near the refinery construction site to receive heavy equipment.

Read more......
Properties / What Is Excision And Why Is Excised Land More Expensive? by DANBELPIL: 5:15pm On Mar 27, 2021
Company A and Company B are both Real Estate Development Companies. They both are selling land in the same area in Ibeju Lekki. However, Company A's land is selling for N3 Million while Company B's price is N1.5 Million. Clients are perplexed as to why Company A is so selfish that they would not sell at a cheaper price, prompting them to rush to purchase Company B's land. Three years later, Company B informs its clients that they have started the process of excising the land on which their estate sits, and each customer is expected to pay N2 million to complete the process. There's a lot of commotion and complaints. However, Company A's clients are free to build on that land without any fear because the land was already excised.

It is always cheaper but the long-term troubles could eventually be too much to handle. Except you are buying from a Registered and Certified Real Estate Company, buying non-excised land is highly risky.

This is often the case of clients who choose to buy non-excised land over excised land. It is always cheaper, but the long-term challenges can become too much to bear. Purchasing non-excised property, from a non-licensed and non-accredited Real Estate Company with a good track record, is incredibly dangerous.

So why is excised land so expensive?

Before we answer that we need to understand what an excised land is.

Lands in Nigeria are under the authority of state governors by law. Historically, however, lands in Nigeria were largely under the jurisdiction of communities and traditional families prior to the passage of the Land Use Act of 1978. As a result of the Land Use Act, lands are now specifically under the jurisdiction of state governors, who may also release parts of these lands to former landowners with confirmed ownership records. Land excision is a method by which state governments release parts of the land to indigenous peoples or settlers by lawfully approved protocols and processes. The method of land excision is a means for the government to compensate the original landowners since the Land Use Act was enacted. When a piece of land is excised, that ensures the grantees have complete control over it and will do anything they want within the confines of local rules and regulations.

However, the process of obtaining excision is very tedious and requires a lot of money. Here is how families obtain excision

1. Excision Application: A land excision application will be sent to the Lagos State Land Use Allocation Committee (LUAC) on the family head, group head, or Baale's official letterhead file. The application would provide information such as the community's historical history, population, main occupation, perimeter census, the purpose of the excised location, and reason for the excision.

2. Technical Committee Processing: Within 7 days of receiving the letter, it will be sent to the LUAC Technical Committee for further processing.

3. Charting Information: The perimeter survey of the area to be excised will be submitted to the Surveyor-General, who will review the charting and decide if the proposed excision falls under government acquired-area, in which case the proposal will be withdrawn outright.

4. Site Inspection: After gaining approval from the Surveyor-General, the technical committee will conduct a physical assessment of the site in question. The goal is to check the validity of the statements contained in the application and to interview community members in order to collect additional evidence that would be important in deciding whether the application is accepted or denied. This phase of the procedure typically takes 14 days after the Surveyor General's report is released.

5. Master Plan Compliance: After reviewing the property, the technical committee can ensure that the land's planned use is in accordance with the Master Plan for the city.

6. Report to the LUAC: The technical committee produces a report and sends it to the LUAC after it has been properly processed. This paper includes all of the files gathered on the property, as well as their conclusions from the on-site review and their views on whether the permit should be approved or revoked.

7. LUAC Analysis and Recommendation to Governor: The LUAC reviews all of the materials provided by the technical committee and issues a final decision and recommendation to the State governor, including approving or rejecting the excision proposal for relevant reasons.

8. Survey Description Preparation: Once the governor's office accepts the excision order, the Surveyor General's office is informed promptly, and a full perimeter survey of the proposed area is completed within 30 days.

9. Layout Design: The community's registered town planners, families, or people interested in the land excision proposal will be commissioned to draw a layout plan for the new piece of land, which will then be sent for approval to the State's Ministry of Physical Planning and Economic Development.

10. Indemnity Agreement Execution: The grantees of the land must enter into an agreement with the government that binds them to take the land in complete and unconditional settlement of all previous claims on the land. Likewise, the grantees may agree to compensate the government for losses incurred by encroachment or vandalism of property by family, agents, or community members beyond the excised land region.

11. Publishing in the Lagos State Official Gazette: After all of the above requirements have been met, the technical committee publishes the land excision in the official gazette of the Lagos State Government.

12. Publication in Newspapers: The technical committee will print the official gazette in at least one commonly circulated newspaper. The object of the publication is to educate the general public about the land's status, the excised land's borders, and other pertinent information. The applicant is responsible for the expense of the newspaper advertisement. ​

13. Issuance of Certificates of Occupancy: The government is expected to issue a Certificate of Occupancy on the excised land to the grantees' approved members within 30 days of publication of the official gazette in newspapers.

14. Forwarding of Final Documents: After all of the aforementioned procedures have been completed, all excision reports and administrative files are transferred to the State's land bureau office. The Registrar of Lands in the Excised Lands Agency would then formally enter the excision, surveys, maps, names, and gazettes into the archives.

This whole procedure is incredibly capital intensive, which is why, after excising the land, the family that processed it sells the land at a high price in order to recoup their investment. So, if you choose a non-excised land over an excised land because "it is cheaper", have it at the back of your mind that upon processing the excision, you will still have to part with some money.

You can get a full plot of excised land with us at Windspring Estate for just N3 Million. Contact us today to begin the process.
Properties / Frequently Asked Questions About Real Estate In Lagos by DANBELPIL: 4:58pm On Mar 24, 2021
Investors have every right to ask questions before and after investing in a business venture. These questions help to shape investment choices, such as whether or not it is prudent to invest in a particular business or industry. Real estate in Lagos is no exception, with investors asking a slew of questions on a daily basis, but rarely receiving adequate replies. We've compiled a list of the most frequently asked questions by investors.

What area is best to invest in?

Lagos State has a plethora of appealing locations where an investor would make a profit (Where can you buy land in Lagos with your budget). Ibeju Lekki is currently the most appealing region in Lagos, thanks to the multibillion-dollar businesses sprouting in the Lekki free zone, including Dangote Refinery, Lekki Seaport, and others.

When is the right time to buy and sell land?

The final aim of investing is to make a profit by buying low and selling high. Knowing when to purchase and sell land at the right time, on the other hand, is what separates a decent investor from a GREAT investor. In this blog post (How to turn 1 million to 200 million in a few years) we see how two people bought land in the same location at the same time but one sold four years later to make a 300% profit while the other waited longer and made a 19,900% profit when he sold. The most important factor here is time. If you purchase land in Ibeju Lekki, you should not sell until the Seaport begins full operations in 2023 when the value shoots up.

What are the steps involved in buying land?

If you are buying from Omo-Onile the process is a whole lot more complex as you need to get a real estate lawyer and a surveyor. If you are buying from a Real Estate company all you need to do is to contact a reputable real estate company, pay money and allow them to do all the work. Learn more about this here (Questions to ask before buying land in Lagos)

What documents should I ask for after buying land?

If you purchase land from a real estate firm, you may receive a Letter of Acknowledgement after you have made your payment, whether it is in installments or in full. You may also request an invoice/receipt that includes payment proof. If you're paying in installments, you'll get a contract of sale, while if you pay in full, you'll get a deed of assignment, which transfers ownership of the plot(s) of land you purchased. You will receive a survey along with your deed of assignment, which will mark the precise location of your land as well as its dimensions. You may also request a layout of the estate so you can see where your plot will be.

Why do I pay more when buying from a real estate developer?

Every estate has a development plan that may include paved roads, street lights, constant electricity, and a central water system. These expenses are often referred to as development fees, and they are included in the total cost of the land. You'll save money if you purchase land that isn't in a master-planned community but miss out on the many benefits of buying from a developer.

Should I buy only excised land?

This is entirely up to you. The majority of excised areas are in developed areas where construction can begin as quickly as possible. Non-excised land, on the other hand, is usually found in undeveloped areas and is thus less expensive. Purchasing non-excised land is a good thing if you are ready to wait at least 5 years.

The list of questions is endless, which is why Danbel Properties and Investments Limited has provided an opportunity for you to ask us as many as you want by scheduling a FREE consultation with one of our advisors. To schedule a session, go HERE.
Properties / Lekki Seaport To Begin Full Operations In 2023 by DANBELPIL: 2:59pm On Mar 20, 2021
It is no longer news that Dangote Refinery plans to become fully operational in 2021. The question investors have asked though is “When will the new seaport become operational?”

According to Tolaram Group, the frontline investor in charge of the Lekki Seaport project, in a chat with Governor Babajide Sanwo-Olu on Friday 19 March 2021, the Lekki Deep Seaport will commence operations in 2023.

After the announcement of Dangote's Refinery, which sparked a flurry of activity in the 830-hectare Lagos Free Trade Zone, the need for a seaport became urgent. The port, which is situated in the Gulf of Guinea, will be a convenient entry point for containerized, dry, and liquid bulk cargo ships.

The first phase of the seaport project, which is backed by a $629 million loan from the China Development Bank (CDB), is almost finished.

After reviewing the project master plan, Sanwo-Olu stated that his administration was committed to completing the project, emphasizing that the deep seaport and other investments in the corridor had the potential to boost the state's GDP by multiples.

He said: “Given the report I got and what I have seen here, I can say that Lagos Free Zone has made tremendous improvement. We have seen the level of partnership Tolaram Group is bringing in terms of international investment and local brands on this corridor.

“I commend all stakeholders that are with us on this journey we have found ourselves. With the level of work we have seen, I’m truly excited. It is more gratifying that, we are taking up this assignment with all energies required and we all can see what we can achieve when we work together.

“Since we signed a loan agreement less than 18 months ago, we have demonstrated strong capability in bringing the project to reality. This is the first quarter of 2021 and we have seen the project in about 48 per cent completion. The investors have given us the commitment on first quarter of 2023 completion date. We will fulfill all our parts to make sure this date becomes reality.”

When completed, the 90-hectare port will facilitate investments and trade in Nigeria. Lekki Port features will include:

Capacity to serve container vessels of up to 8,000 twenty-foot equivalent units as well as dry bulk vessels, with potential future development of berths for liquid bulk cargo vessels.
A 1,500-meter quay wall, with cargo-handling cranes and other equipment.
A 1,500-meter breakwater and 6-kilometer-long approach channel with a 14.5-meter depth.

The average investor will know that upon completion of the seaport, the price of real estate around the seaport will shoot up considerably. It is therefore wise to buy in now before it gets too late.

Contact us today to start the process.
Properties / Questions You Must Answer Before Buying Land In Lagos by DANBELPIL: 12:11pm On Mar 11, 2021
“Experience is the best teacher”. This is a popular saying that has passed on from generation to generation. However, this experience doesn’t necessarily have to be undergone personally but can be learned through others as well.

Most people will not want to use their hard-earned money to learn a bitter lesson but it happens every day when people try to buy land. Most mistakes can be easily avoided if you learn from the mistakes of others. Here are some questions you must answer before you buy land to avoid wasting your money or falling to scammers.

What do I want to buy land for?

This is a critical question to ask during the preparation phase, and the answer usually leads to one of three types of objectives.

Short term: You plan on building immediately.
Medium-term: You plan to build or sell in the nearest future, preferably within 3-5 years.
Long-term: You are land banking and want to keep the land as an asset for future use.
What is my budget?

Once you have decided what you want to do, the next thing you need to think about is your budget. If you intend to go short-term, you either have a lump amount of money or are certain that the money will come from various sources before the project ends.

What area suits my budget?

Following the creation of your budget, the next step is to locate a place that suits your budget. You can't have a ₦2 million budget and be looking for a beachfront land in Lekki (This article will inform you how much land costs in the most popular areas of Lagos). If your ideal location is out of your price range, you can raise either your budget or search for a new location. Your objective may change as a result of this, as a plot of land worth ₦600,000 – ₦1,000,000 may not be feasible for short-term objectives.

Who do I want to purchase this land from?

Once you've checked the boxes for objective, budget, and location, the next move is to decide who you want to purchase land from. Would you want to buy from a real estate company, a family, or a private seller? You are far less likely to be a victim of fraud if you purchase from a real estate firm rather than from individuals or families. (Real Estate Companies or Omo Onile who should I buy from?).

Next, you need to conduct a proper search for a reputable real estate company or genuine private sellers if you choose to go the family and omo-onile route.

Once that is out of the way, the next thing will be to get a real estate lawyer and a surveyor if you want to deal with families and individuals. The lawyer will

Draft the necessary documents as only the lawyer can determine what type of documents are necessary to transfer ownership
Conduct a search of the land title (Don’t know what land titles are, click HERE)
Know what documents to demand from the sellers and conduct proper research to ensure no dispute currently exists over that land.

The surveyor on the other hand will:

Ensure you understand the exact measurement of the land and locate the places where the boundaries actually lie.
Ensure you know the best parts of the land to build to reduce the possibility of breaking building regulations as well as make projections on certain problems that might be encountered in the future while using the land.
Ensure you understand the physical changes that have been going on in the land and the best possible way to adapt it to your purpose.

When you buy directly from a real estate firm, you don't have to think about hiring a surveyor or a lawyer because they will have in-house attorneys and surveyors who can manage the whole transaction for you.

So why not choose Danbel Properties and Investments Limited today and sit back and relax while we take care of everything?

Contact us NOW.

Properties / Where Can You Buy Land In Lagos With Your Budget? by DANBELPIL: 4:22pm On Mar 06, 2021
So, you’ve made up your mind that you are ready to become a landowner. You have drawn your budget and all that’s left for you is to start searching for land in your dream area. However, you are shocked to find out that land in that area is way above your budget.

This is a conundrum that faces so many first-time land investors in Lagos. They have dreams of building in a particular area but receive a rude awakening when they find out that they may have to save for another decade before they are able to purchase one plot of land in that area and since the value of land keeps going up, they might just never be able to afford that land.

This shouldn’t deter you because Lagos is so large and vast with opportunity in every corner of the state. You just need to find what area your budget can afford. Here is a list of areas to consider for different budgets.

Victoria Island

Land in Victoria Island is sold per square meter. The average price of land for sale in Victoria Island (VI), is ₦400,000 per square meter while the most expensive land costs ₦700,000 per square meter and the cheapest costs ₦300,000 per square meter. For a standard 600 square meter plot, you will spend at least ₦180 Million and can spend as high as ₦420 Million. All I can say is WOW!

Ikoyi

Like VI, land in Ikoyi is sold per square meter. The average price of land for sale in Ikoyi, Lagos is ₦660,000 per square meter. The most expensive land costs ₦900,000 per square meter while the cheapest costs ₦300,000 per square meter. For a standard 600 square meter plot, you will spend at least 180 million and at most 540 million. However this can still rise depending on the area

Lekki (Phase 1 and 2)

The average price of land for sale in Lekki, Lagos is ₦15,900,000 per plot. The most expensive land costs ₦270,000,000 per plot.

Lagos Island

The average price of land for sale in Lagos Island, Lagos is ₦652,000,000 per plot. The most expensive land costs about ₦1,300,000,000 per plot.

Ikeja

The average price of land for sale in Ikeja, Lagos is ₦30,000,000 per plot. The most expensive land costs ₦63,000,000 per plot.

Surulere

The average price of land for sale in Surulere, Lagos is ₦40,000,000 per plot. The most expensive land costs ₦65,000,000 per plot.

Magodo

The average price of land for sale in Magodo, Lagos is ₦30,000,000 per plot. The most expensive land costs ₦106,000,000 per plot.

Agege

The average price of land for sale in Agege, Lagos is ₦25,000,000 per plot. The most expensive land costs ₦30,000,000 per plot.

Ogba

The average price of land for sale in Ogba, Ikeja, Lagos is ₦15,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Iyana Ipaja

The average price of land for sale in Ipaja, Lagos is ₦6,500,000 per plot. The most expensive land costs ₦28,000,000 per plot.

Yaba

The average price of land for sale in Yaba, Lagos is ₦35,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Maryland

The average price of land for sale in Maryland, Lagos is ₦33,000,000 per plot. The most expensive land costs ₦60,000,000 per plot.

Apapa

The average price of land for sale in Apapa, Lagos is ₦52,500,000 per plot. The most expensive land costs ₦75,000,000 per plot.

Festac

The average price of land for sale in Festac, Amuwo Odofin, Lagos is ₦11,000,000 per plot. The most expensive land costs ₦76,400,000 per plot.

Ajah

The average price of land for sale in Ajah, Lagos is ₦14,000,000 per plot. The most expensive land costs ₦65,000,000 per plot.

Sangotedo - Abijo

The average price of land for sale in Sangotedo – Abijo axis Lagos is ₦11,500,000 per plot. The most expensive land costs ₦54,300,000 per plot.

Bogije

The average price of land for sale in Bogije, Ibeju Lekki, Lagos is ₦7,500,000 per plot. The most expensive land costs ₦40,000,000 per plot.

Awoyaya - Eleko

The average price of land for sale in Awoyaya, Ibeju Lekki, Lagos is ₦10,000,000 per plot. The most expensive land costs ₦50,000,000 per plot.

Other undeveloped parts of Ibeju-Lekki

The average price of land for sale in Ibeju Lekki, Lagos is ₦3,000,000 per plot. The most expensive land costs ₦21,000,000 per plot while the cheapest costs ₦400,000 per plot

So, there you have it. Choose wherever you want to buy and contact a registered and certified Real Estate company.

Still want more guidance? book a free consulting session with one of our experts today by clicking HERE

Or you can check out our available estates by clicking HERE
Business / Why You Should Buy Land In Lagos Even If You Do Not Want To Live In Lagos by DANBELPIL: 9:48am On Mar 04, 2021
“THIS LAND IS NOT FOR SALE”

A common inscription seen on houses all over Nigeria.

They shine a spotlight on the intensifying demand for land across Africa and the chaotic or dysfunctional land governance systems that continue to undermine security and economic growth.

Land remains the most valuable and least secure asset across most of Africa including Nigeria. The World Bank estimates that 90 percent of the land in Africa is undocumented.

The lack of land rights documentation – and the fraudulent documentation that often accompanies dysfunctional land systems – means people sometimes buy land from someone who doesn’t own it. Often there is no up-to-date or open government land registry leaving an interested buyer with no way to check that they are negotiating to buy a property with the people who actually own it. So, people who own land are sometimes confronted by investors who have paid good money to buy their land from someone with no ownership rights.

When most young people in Nigeria today are asked about buying land as an investment, they will tell you it is not worth the hassle. They saw their relatives fight and kill each other over land when they were young. Because they did not want to lose their lives, they lost their land inheritance to land grabbers. The majority of them only have enough money to buy land but not enough to begin construction. However, if you buy land in most parts of the country and don't start building on it right away, land grabbers can resell it, and when you're ready to build, you'll be entangled in endless court cases.

It is not all doom and gloom, as you can purchase inexpensive land without fear. Simple: Purchase land from a reputable real estate firm in Lagos. Unlike other Nigerian states, Lagos has a burgeoning real estate industry, dominated by property development companies that buy acres of land, deal directly with the community, and fight off land grabbers.

Is Lagos not overcrowded? You might inquire.

Whatever we want or believe, Lagos will continue to be Nigeria's economic capital for at least another 100 years. Because of Lagos's strategic location, this is the case.

Nigeria has six ports including Apapa, Lagos; Tin-Can Island, Lagos; Rivers, River State; Onne, River State; Calabar, Cross Rivers and Delta in Delta State. Though over 50% of the available seaports are located in the South West and South East, which is closer to the North, importers still choose to import through the seaports located in Lagos for several reasons.

One reason is the shallow draught of the water channels leading to some of the ports in the East, which limit bigger oceangoing vessels with higher capacity from berthing in those ports.

Additionally, the rising security threats along the water channels leading to the Eastern ports as well as widening infrastructural gap are the major reasons why Eastern ports remain starved of business activities.

With the Ibeju Lekki seaport directly opposite Lekki Free Trade Zone which is closer to Ogun State and Ondo State and already under construction, trade in Lagos is not about to slow down. Buy land in the fastest-growing urban area in Nigeria, Ibeju Lekki before the price shoots up. You can either buy land on Windspring Estate where you need just N500,000 to start the process to becoming the owner of a government excised land (Read more about land titles and what they mean HERE) or you can buy Avalanche Park Estate which is a few minutes away from La Campagne Tropicana with an initial deposit of N200,000.

You don’t have to travel down to Lagos to inspect the land as we have clients from all over the nation who have never been to Lagos. Our team will furnish you with every detail about the land and will send your documents to you once you have made payment.

If you want to buy land but don’t know how to go about it, schedule a free consultation with one of our experts.

SCHEDULE NOW
Properties / Everything You Should Know About The Land Use Act by DANBELPIL: 8:52pm On Feb 24, 2021
From time immemorial through the period of agriculture to the period of industrial development, land has remained the most valuable property in the life of man and his development. It is a source of wealth to those who have it and the mother of all properties. In other words, virtually all the basic needs of human existence are land-dependent. In view of the importance and usefulness of land to man and his development as well as the development of his society, every person generally desires to acquire and own a portion of land to achieve the various ends for which the land is meant. Therefore, to make land in Nigeria available to all and to ensure that land is acquired and put to a proper use for the needed development, governments during and after the colonial period enacted laws to govern the use or administration of land in Nigeria.


Prior to the enactment of the Land Use Act in 1978, there were three main sources of land law: Customary Law (varied from custom to custom), English received law (which comprises of the common law, doctrine of equity, and statutes of general application), and local legislation. There was also a duality of the Land Use System in the southern and northern parts of the country.


The Parliament of then northern Nigeria passed the Land Tenure Law in 1962, which governed all interests affecting land. The Land Tenure law vested all land in the governor who was to hold land in trust for the people and only rights of occupancy (not rights of ownership) could be granted to other people. The consent of the governor was required before any alienation of an interest in land could take place.


In then Southern Nigeria, however, the customary system of land tenure governed land interest, and land was owned by communities, families, and individuals in freehold. Land was acquired either by inheritance, first settlement, conveyance, gift, outright purchase, or long possession. There were also crown lands, which were acquired by the British Crown by virtue of treaty, cession, convention, or agreement. When Nigeria attained independence, such crown land became known as state land.


Notwithstanding the existence of laws regulating land, the problems of land tenure and land administration persisted both in Northern and Southern Nigeria. There were new problems such as land racketeering and speculations. Exorbitant compensations were demanded by landowners whenever the government acquired land for development. Thus, the acquisition of land by the government or individuals was becoming almost impossible in Nigeria.


In fact, one of the major factors that were said to be a stumbling block against the efficient implementation of the Second Development Plan 1975-1980, was the lack of land for development projects. To break this barrier and monopolies of landlords, the Federal Military Government set up some panels to consider how best to solve the problems associated with land tenure and administration in Nigeria. The report of one of these panels i.e., the Land Use Panel of 1977 eventually formed the basis of the Land Use Act No. 6 of 1978.


The purpose of this essay is to show the relevance of the Land Use Act to Land-use planning in Nigeria.


Summary of the Land Use Act of 1978


The Land Use Decree (now Land Use Act) was promulgated on the 29th of March 1978 following the recommendations of a minority report of a panel appointed by the Federal Military Government of the time to advise on future land policy. With immediate effect, it vested all land in each state of the Federation in the governor of that state (Fed. Rep. of Nigeria, 1978).
The Act vests all land comprised in the territory of each state (except land vested in the Federal Government for its agencies) solely in the hands of the military governors of the state who would hold such land in trust for the people.


The promulgation of this Act was as a result of two main factors:
Firstly, was the diversity of customary laws on land tenure and difficulty in applying the various customs of the different people.
The second factor was the rampant practice in southern Nigeria with regards to fraudulent sales of land. The same land would be sold to different persons at the same time giving rise to so many litigations.
The Act distinguishes throughout between urban and non-urban (rural) land.
In urban areas (to be so designated by the Governor of a state), land was to come under the control and management of the Governor.
In rural areas, it was to fall under the appropriate local government.
“Land Use and Allocation Committees”, appointed for each state by the Governor, was to advise on the administration of land in urban areas.
“Land Allocation Advisory Committees” were to exercise equivalent functions with regard to rural land.


The Act envisaged that “rights of occupancy”, which would appear to replace all previous systems or rules of inheritance to land, would form the basis upon which land was to be held. These rights were of two kinds: statutory and customary.
“Statutory rights of occupancy” were to be granted by the Governor and related principally to urban areas.
“Customary right of occupancy”, according to the Act, means the right of a person or community lawfully using or occupying land in accordance with customary law and includes a customary right of occupancy granted by Local Government under this Act.
Local governments were empowered to grant customary rights of occupancy to any person or organization for agricultural, residential, and other purposes with the proviso that grants of land for agricultural or grazing purposes should not exceed 500 or 5000 hectares respectively without the consent of the State Governor. With the minor exception of land subject to Federal or State claims, the Act also empowered the local government to enter upon, use and occupy for public purposes any land within the area of its jurisdiction and to revoke any customary right of occupancy on any such land. The approval of the local government was to be required for the holder of a customary right of occupancy to alienate that right.


The Act prohibits the alienation by assignment, mortgage, transfer or possession, sub-lease or otherwise, of customary right of occupancy without the consent of either the Governor or the Local Government as the case may be. It also prohibits the alienation of statutory right of occupancy without the due consent of the Governor (Land Use Act, 1978: section 21 subsections a and b).


Governors were empowered to revoke rights of occupancy for reasons of “overriding public interest.” Such reasons included alienation by an occupier without requisite consent or approval; a breach of the conditions governing occupancy; or the requirement of the land by Federal, State, or local government for public purposes. Only in the last of these cases would any compensation be due to the holder, and then only for the value of unexhausted improvements on the land and not for the land itself.

There are four main objectives derivable from the act and these are:
to effect structural change in the system of land tenure;
to achieve fast economic and social transformation;
to negate economic inequality caused by the appropriation of rising land values by land speculators and land holders; and
to make land available easily and cheaply, to both the government and private individual developers.
Properties / The Menace Called Land Grabbers by DANBELPIL: 4:47pm On Feb 20, 2021
Like most south-western states, Lagos state continually battles with the challenge of land-grabbers. Land grabbers are individuals who try to claim land from people on the basis of being the first settlers in an area.

On several occasions, even after purchasing land from these land-grabbers, they still demand for more payments from clients. Clients are also approached by rival land grabbers and forced to make payment to them also.

If you are unlucky, you may later find out that the land-grabber who received payment does not have right over the land.

These land-grabbers have become a significant source of concern for both governments and private citizens. They sometimes act with impunity while maiming and harming persons they find on parcels of land without impunity. Many have lost not just money but also lives because of the activities of these land-grabbers.

Many landed properties are still being encroached by land grabbers three years after the enactment of the Lagos State Properties Protection Law 2016. The law was signed by the then Lagos State Governor Akinwunmi Ambode, seeking to eliminate land grabbing in its multi-various forms that include, forceful possession of landed properties, encroachment, illegal sale and resale of land, illegal use of Law Enforcement Agents and Vigilante Groups to enforce Judgments, misconducts by professionals in land transactions, writing of frivolous and false petitions, unlawful demands by Omonile, touting and other ills.

The impact of their activities has caused many residents to forfeit their properties worth millions of naira and truncated cooperative and individual land development plans.

Narrating his ordeals to The Guardian, a lawyer whose piece of land is among the 24 plots situated in the Senior Staff Association of Nigeria Universities, College of Medicine Estate, Ogombo/Sangotedo road which has been allegedly hijacked, Mr. Henry Efere said he acquired one of the plots and did a revalidated survey of the land in 2012 asides the earlier survey done on the land. He lamented that a popular swindler in the area grabbed the land.

Efere said, “Sometimes in 2009, some area boys tried to encroach on some part of the land and so we went to court because we couldn’t locate whom the people were, we did not know that when there were tussles over Baale title in Ogombo, they took advantage of that time, acquire the land and resold it to other people.

When we discovered this, we had to go to court, and based on our documents, the court gave judgment in our favour and the judgment was executed through the court bailiff and the police from the states’ Commissioner of Police.

The police now issued a certificate of execution of the warrant in 2010 and since we have been in possession. I fenced the back and the front of the plot, still the land grabber attempted to encroach”.

Subsequently, he said the land grabbers planned to take over about five other plots, which have not been developed apart from his own. He alleged that they wanted to out-twist him so that he wouldn’t go near the land again when they realized that he was a lawyer and the person who wrote the petition to the Inspector general of police.

According to him, the police Inspector General send in SARS, they got them scared and now went to invite a notorious land grabber who has taken over his parcel of land and plans to take four other plots in the estate.

A professor who teaches in the university also recounted how he lost three out of six plots of land belonging to him in Lakowe, Ajah axis to land grabbers.

He said, “I bought land as far back as 2003 at Ajah, and after a while land grabbers came saying they have a blessing of their godfather. They came in and started dragging our land. I fenced my own but they push down one side of my fence and construct another fence and succeeded in taking three plots of my land into their own fence and took my boys' quarter.

Between 2019 to 2020, the Lagos state government received over 1,000 land grabbing petitions. To avoid land grabbers, it is advisable for clients to buy land from reputable Real Estate companies like Danbel Properties and Investments Limited registered under bodies like Real Estate Developers Association of Nigeria (REDAN) that protect its members from the activities of land grabbers.

When you buy land from Danbel Properties, you have a 100% guarantee that you will never have to tussle with land grabbers and their activities will never make you lose your property. Buy a plot of land on one of Windspring or Avalanche park estate today and rest knowing your land is in safe hands.
Science/Technology / Top Real Estate Tech Startups In Nigeria by DANBELPIL: 6:10pm On Feb 17, 2021
Technology has become an inevitable part of our everyday lives. This is because life without technology is pointless in today’s dynamic world. Technology, which brings together tools to promote development, use, and information exchange, has as its main objective of making tasks easier and solving many problems of mankind. When technology progresses and makes our lives even more convenient, we must stress how beneficial it is to our lives.

Imagine life without technology Right now, what kind of life have we? Technology is part of our lives and is one of the key elements for mankind’s survival in a quick-phase world. The development of new technologies helps to save lives; it improves work and makes the world better.

Living in Nigeria’s core cities can be enough struggle particularly for young professionals who want to focus on being as productive as possible. By utilizing technology, startups are building solutions such as rent splitting, home concierge services, among others in easing living difficulties.

The Nigerian property market has recorded significant growth in its Property-tech ecosystem in recent years as we currently have about 72 Proptech companies, an increase from 58 in 2018. Consumers, who are keen on memorable technology-infused experiences, are increasingly utilizing these products. Easier living solutions enabling a more convenient way of living in their apartments have been very essential in creating these technology-infused experiences. In this article, we are going to examine a few startups making life easier for Lagos residents.

Eden Life

Eden Life automates and helps people in Lagos run their homes with its operational model for ‘eliminating chores, tedium and poor services that plague busy professionals.’ For a monthly fee ranging between ₦23,000 ($63.5) to ₦86,000 ($237.4) depending on the selected plan, the company appoints one of its trained staff called Gardeners to a customer.

These Gardeners deliver services and chores like laundry, cleaning and maintenance, meals and groceries, and electronics servicing, on a recurring basis according to the customer’s selected plans.

Services Rendered: Automating the service handling home chores such as meals, laundry, and house cleaning by simply requesting an Eden gardener using the app.

Locations: Lagos.

Subscription Plans: ₦23,000 – ₦86,000 per month.

Year Founded 2019.

Fichaya

Fichaya’s value offering is simple. You go to the website, select any of the packages you want, choose your preferred cycle in a month, then pay. Fichaya’s services are in the form of three packages: regular home cleaning, deep cleaning, and fumigation, with prices ranging from ₦5,775 ($15.98) to ₦60,000 ($165.99).

In a space where there are other startups and businesses offering similar services, Fichaya takes pride in its ability to retain cleaning associates by paying them significantly higher salaries than their peers.

With its business model, Fichaya claims cleaning associates can earn as much as ₦120,000 ($331.98) per month which is over 80% higher than the industry average.

Services rendered: Automating the service of home and corporate cleaning by booking a cleaning session on the application.

Locations: Lagos.

Year Founded: 2017.

Kwaba

Finding a suitable house to rent in Lagos can be a stressful experience. Even after finding the house, making the payment can be another challenge because houses are expensive and the good ones are even more expensive.

Real estate analysis in 2019 showed that Lagos is the most expensive city in Africa with apartment prices in some areas almost tripling that of other states in Nigeria. Abuja is rapidly trailing Lagos in the cost of rents as well. The cost of housing has continued to rise as the population in these states increase and they attract more economic activity.

For low and middle-income earners, this sometimes means that the amount they earn in salary cannot cover the immediate yearly payment of rent. This challenge is sometimes solved by two or more people sharing an apartment and splitting the bill. Some other people choose to borrow the money or save up and rent at a later date.

Kwaba_ng has created a solution that allows people to rent apartments for a year and pay back over a couple of months. Kwaba pays the yearly rent to the landlord or house agent while the tenant pays Kwaba back on a monthly basis.

Services Rendered: A digital service for financing payment of annual rent in advance while the occupant pays monthly (Rent now – Pay Later). According to the company, for a 6 per cent monthly interest rate, the rent repayment is spread between 6-12 months.

Locations: Lagos, Abuja.

Year Founded: 2019.

Quartered

Tochi is a middle-class Nigerian who likes going on mini-tours to other states. Booking a hotel room for the whole day does not help him effectively manage funds because he will only require the room when he wants to sleep.

Seeing as most hotels and guest houses only accept lodging requests for whole days, it becomes difficult for someone like Tochi to pay for exactly what he would use. Thus, whenever he goes on road trips, he is constantly on the lookout for a place where he can pay by the hour.

Tochi is one of many Nigerians who want hotel services that are more flexible than what is offered traditionally and Quartered’s solution offers the perfect way out.

The startup forges partnerships with hotels in different places and allows people to check out the hotels, book rooms that suit them and pay for them from its web app. It currently does not have a mobile app for users.

To make a booking, you have to specify the location where you want the hotel to be, as well as the number of hours that you intend to spend and the exact time you want to check in to the hotel.

As its name suggests, the rooms can be booked for a quarter of a day, but you can also book for 8 hours, 12 hours and 24 hours; all of which are in multiples of 4.

After specifying the details of your booking, Quartered carries out a search from its available rooms and finds one that matches your requirements if it exists in its database.

The startup makes it easy to choose what type of hotel you want and the price range you want it to be in. The types of hotels range from luxury to upper-upscale, upscale, midscale and economy hotels. It also offers serviced apartments among its list of lodgings.

Services Rendered: Enabling guests to book hotels for 4, 8, 12, and 24 hours and choose their check-in time as opposed to booking hotels for a whole day.

Locations: Lagos, Abuja, Port Harcourt.

Year Founded: 2019.
Properties / Know Your Real Estate Terms by DANBELPIL: 11:13pm On Feb 06, 2021
Whether you are buying a house or renting one, buying land or selling, renting a shop or warehouse, we are all involved in Real Estate one way or the other.

Except you are living under a bridge, you will have to come across certain unique real estate terms that could confuse you.
Well, we love our readers and are ready to give you a one-stop Real Estate dictionary that defines every term you might come across.

In this weekly series, we will gradually introduce the popular real estate terminologies and what they mean. So, let’s get down to business:

Click on the link below to learn more
CLICK HERE
Business / Re: List Of Businesses In Lekki Free Trade Zone by DANBELPIL: 1:12pm On Feb 04, 2021
Well, you don't necessarily have to live there. Most Nigerians buy shares in foreign companies not because they want to visit the company but because of the potential profit they can make. Most investors who own properties around the free trade zone don't even live in Lagos. They just understand how attractive the place will be in the next few years
SavageResponse:
The Lekki Free Trade Zone is fu*king far!
Business / List Of Businesses In Lekki Free Trade Zone by DANBELPIL: 4:25pm On Feb 03, 2021
While Dangote Refinery remains the most advertised project in the Lekki Free Trade Zone, a lot of multi-million dollars projects keep springing up yearly with some already operational and some yet to commence full operations. With the combined projects under construction worth over $20 billion, the Lekki Free Trade Zone remains the fastest growing and Free trade zone in the world. Though the list of companies that have bought into the free trade zone is exhaustive, here is a list of some of them:

1. Bollore Transport & Logistics Nigeria
Bolloré Transport & Logistics is a major international transport and logistics operator. Our 36,700 employees spread across 107 countries express their expertise through four businesses. Bolloré Logistics, Bolloré Ports, Bolloré Railways, and Bolloré Energy are today working in synergy to deliver their international customers a turnkey service offer. In Africa, Bolloré Transport & Logistics has the largest integrated logistics network and is the leading port infrastructures operator.'

2. H & Y international FZE
H & Y international FZE is a registered firm dealing on artificial hair, wig and human hair products; it is a large-scale hair product manufacturer and a national new high-tech enterprise integrating research, development, production and sales.

3. Yulong Steel Pipe Lekki Investment FZE
Jiangsu Yulong Steel Pipe Co. Ltd. is the largest steel pipe manufacturers in China with over 35 years of experience, the company employs around 3000 people and has an annual production capacity exceeding 2,500,000 tons of steel pipes and tubes and 5,500,000 sq. meters of coating. Yulong has been serving the Nigerian gas and oil industry for over 8 years with a verifiable record in the country.

4. Loving home furniture FZE
Loving Home Furniture FZE is an office furniture manufacturing company.  Established in 2011, Loving home specializes in the production of quality office chairs.

5. Crown Nature Nigeria FZE
Crown Natures Nigeria PLC (CNNPLC) is a pioneer indigenous manufacturer of various kinds of branded and unbranded garment such as Baseball Caps, Polo Caps, Bucket Hats, Crown Hats, Special Visors, Fidel Castro Caps, Sun visors,T-shirts (Polo, Roundneck & Vneck), Uniforms (industrial, security, corporate & school), Jerseys, Sportswear, Underwear Boxers, Industrial wears and Aprons

6. Sinotruk International Nigeria FZE
Here, Engineers reconstruct Sinotrucks, change and redesign trucks to meet the greater part of the customer’s undercarriage necessities.

7. Asia Africa International FZE
Asia-Africa International FZE is an automobile assembly company that specializes in heavy and light vehicles. Asia-Africa International focuses its business on VEHICLE ASSEMBLY and SPARE PART PRODUCTION. They possess a standard CKD automatic production line with full capacity to produce 4000 units per year, and the ability to deliver special designs, built to specification on demand.

8. Huachang Steel Structureengineering (Nig) FZE
Huachuang Steel Structure Engineering FZE is a specialized steel structure engineering company fully equipped with the ability to design, produce and install steel structure factory building, logistics warehouse, high-rise buildings and lots more.

Other Companies Located on Lekki Free Zone Include:
Aobo Kedi Nig.Pharmaceutical FZE
Aso Savings & Loans FZE
Barbedos Oil And Gas Services FZE
Ben-Reubens (Nigeria) FZEhaulage Oil & Gas FZEbellbrook Int'l FZEgrand Petroleum And Chemicals FZEchina Century Housing Corporation FZE
China Golden Triangle Group FZE.
China Singye Renewable Energy Technology (Nigeria) FZE
Clairgold Oil & Gas Engineering FZE
E.O Fabunmi And Sons FZE
Etanzila Petroleum Company FZE
Fas Energy & Natural Resourses
FZEhapel Petroleum & Gas FZE
Giorgio Dredging Oil& Gas FZE
Harig Oil Supply & Trading FZE
Hongye Construction Group FZE.
Huayi Furniture Manufacturing Company FZE
Imad Oil & Gas FZE
New Energy Services Company Ltd
Northwest Petroleum & Gas FZE
Nowas Oil & Allied Products FZE
Pinnacle Oil & Gas FZEcrcc Trading & Logistic FZE
Pmi FZE
Puma Energy FZE.
Rano Oil & Gas FZE
Samon Petroleum FZE
Sea Petroleum And Gas FZE
Shanghai Tongji Urban Planning & Design Institute FZE
Skye Bank FZE
Spog Petrochemicals Ltd
Sulphurstreams Terminalling Company FZE
Teknochem Storage Company FZE
Union Petroleum Service FZE
World Wide Investment And Development FZEajuba Nigeria FZE
Xiyang Design & Consulting FZEresources Bike FZEplural Oil Marketing FZEspog Petrochemicals FZEyoucare Pharmaceutical ( Africa) FZEag Global FZE
Yfk Pharmaceuticals FZE
Zhongsheng Group New Technology Building Materials Co. FZE

Wouldn't you like an estate that has direct access to all these companies through a highway and still has direct access to Ajah with less than 40 minutes drive? This area is regarded as a golden area because of its central location with easy access to the new Lagos being developed in Ibeju Lekki and the old Lagos through Ajah.

You do not want to rent or buy houses at astronomical rates in this area in the next 5 years' time when you can easily buy a plot of Windspring Estate on a Government excised land with a Gazette title TODAY!!!!

Call us NOW to start

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Nairaland / General / Dangote Completes Light Testing Of The World's Biggest Crude Unit Heater by DANBELPIL: 9:00am On Feb 01, 2021
Dangote Refinery remains the most talked about and anticipated project in Nigeria. Since major structural construction commenced in 2017, Nigerians have patiently waited for the completion thanks to the massive benefits a functioning refinery can bring to the economy.

Economists say the refinery will eliminate Nigeria's reliance on imported refined oil products, meeting 100% daily consumption of Nigerians. Additionally, the refinery will create $11 billion per annum or Nigerian crude oil as well as create hundreds of thousands of direct and indirect jobs.

Expected to commence operations in the first quarter of 2021, a major milestone was reached yesterday as the refinery completed light testing of the world's biggest crude unit heater.

With the refined crude products expected to be transported to several locations around the nation by road and water through the new Lekki Seaport, as Dangote Group’s Director, Devakumar Edwin ruled out the construction of pipelines, The Lagos State government has commenced plans to build a road linking the refinery with the Benin-Sagamu expressway through Lekki-Epe Expressway.

This road will pass through the fast-growing Oju-Agbe Community with Windspring Estate located right on the border of the superhighway.

Investors are rushing to buy into this area because of its unique and central location. You can get easy access to Lagos with the estate less than 40 minutes away from Ajah and few minutes away from Lekki Free Zone (In comparison, you have to drive for over an hour to reach estates located close to Lekki free zone through Eleko). The estate is also located at a safe distance from the refinery for clients who fear potential environmental hazards due to the refining process.

This is the best time to buy into Windspring Estate as history has taught us that major industrial development coupled with population growth could drive the price of undeveloped land to astronomical levels.
Properties / The Best Place To Buy Land In 2021 by DANBELPIL: 11:25am On Jan 15, 2021
Dangote Refinery, Lekki Free Zone, Lekki Seaport, Lekki international airport. It's no longer news that Ibeju Lekki will house all of the aforementioned making it the fastest growing neighborhood in Sub-Saharan Africa.

However, clients are faced with several conundrums when choosing land to buy in this area.

- Is the refinery not an environmental hazard to surrounding houses?
- Is the refinery not too far from the city center?
- If I buy land in Ibeju Lekki, will friends and family in Lagos be willing to drive for long distances to visit?
- Don't I need to wait for development to get to the host Community before I can start building on my land?
- Aren't these cheap land without Government excision a big risk?

These are but a few questions clients ask before deciding to buy land in Ibeju-Lekki.

What if I told you that there exists a property that addresses every single question? A perfect Estate.
- Environmental Safety: Check
- Close proximity to Lekki Free zone and Lagos City centre: Check
- Affordable: Check
- Developed community: Check
- Government excised title: Check

Sounds too good to be true right? Read on.

Windspring Estate is the PERFECT estate for investors. Why?
- Windspring is located in a developed and thriving community with tarred roads.
- Windspring Estate is located strategically along proposed roads which will connect Lekki Free zone directly to Lekki-Epe expressway.
- Windspring Estate is just 45 minutes from Ajah making it not just close to the new developments going on in Lagos around Lekki Free Trade zone, but also close to Lagos City centre. For comparison, most estates that are located around Dangote Refinery could take up to 2 hours to reach. So if distance is a deal breaker for you, Windspring Estate is your answer.
- Windspring Estate is located at a safe distance from Dangote Refinery, making it free from any potential environmental hazard that could result from the oil refining process.
- Windspring Estate is located on a government excised land with a Gazette title so you will never have to worry about losing your land to any Government body.
- With just N500,000 you can secure a plot of land in this estate and pay in installments.

Now you understand why we call it the "Perfect Estate" right?

Contact Danbel Properties and Investments Limited Now to Secure your plot.
08144448956
Or email us at
agbontaen@danbelinvestmentltd.com

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