₦airaland Forum

@bricks

Thanks for the compliment. Much appreciated.

Well the so called mad rush for these properties in Mowe, Ibafo, Isheri north etc, boils down to the need to own a ome, but what they wont tell you is that these instalmental payments have a hidden clause and cost analysis.

The clause states that, you wont be entitled to develop the land or have any document to show our the owner until you have finished the payment. Normally they would hold that land for you as security for a while and give you a stipulated date to pay up or lose a percentage of the money already deposited before they sell that same property to another person.

It makes more sense to buy it at once and obtain te document than to wait for ages and knowing our govrnment, the price can change and the prices of perfecting the documents can change too.

Its better to purchase the ones being advertised by recognized developers with an established estate map layout plan than all these cheap family land that one is not too sure about the title.

As for a crash or probable cancellation of the properties for sale after money has been deposited, you shouldnt be so worried about that. The only thing you should worry about is the title of the property in question. That is why i always advocate for a lawyer to be around you to know what document or deed is being offered to you and how muc it truely costs to regularize the documents.

Also it is good to consult your nearest financial adviser to help you plan your mortgage loan or deposit wisely so that you dont fall short when the deposit is due.

Cheers!

I am totally Rock Crazy! Recently i bought my first C.d this year and it was the t.v series "ONE TREE HILL" Friends with Benefit Original Sound track. It has fantastic Rock Musicians like Jacks Manniquninn and i dont go a day without listening to "Dark blue" or the Mixed Tape"

Other Rock Artists i adore include:

Kate Voegele, Jamiroquai, Alien Ant, Kt Tunsall, Fat boy slim, Feeder, Haley James Scott and the kings of Rap Rock-Linkin Park. In fact my best Piddy Diddy's song ever is the Rock song he did for the Godzilla Movie sound track!

I cant wait forthe first Rock Concert that will be held in Nigeria

I can't remember the last time i watched soundcity or hip hop world. Too much trashy Nigerian music on air these days. Thank God for Jacks Manniquinn!

Actually the problem doesnt usually lie with the documents but being intelligent and savvy when purchasing a property. Buying a land or property is like buying your favourite food in a market place. You have to watch the seller and know what he is offering to you and whether what he is selling to you is quality or quantity or rotten food.

1.First and foremost, know who the agent is and why he is selling that land or offering it to you.  

2. Inquire how long that property has been on the market. The longer the property has been on the market, the more suspicious you have to be. In most situations, if the property has been on the market for quite a while, the agent would be desperate to sell it off at a cheaper rate because he more interested in his commission than what he is selling to you.

3. Inquire to know the REAL OWNER of the property. This is very important because you would know who the true owner is and why he wants to sell it.

4. Always at this juncture and it is a major must involve a lawyer to do back ground checks on the land or property because that land could either be a subject of litigation or family squabbles or the property belongs to another person or it is under government control or acquisition and it is not up for sale.

5. Most searches are done at the land registry and the court within the jurisdiction of the land and the lawyers are usually paid a  fee to see to this.

6. Generally, before you pay, you must inspect the land physically to know what you intend to buy

7. Get a land surveyor to physically map out the property themselves to tell you the true square metres of the land because most agents lie to you when describing how long the square meters of the land is.

8. Ask if it is a family land or is a personally owned land that is being transfered by the owner to you.

9. If it is a family land, after the search has been done by the lawyer, upon payment of the fees, you would be given the following documents:

a. A Deed of Assignment transfering the ownership of that property to you by the family

b. A Survey plan mapping out the area of the land

c. A purchase recipt

It is important for the lawyer to act on behalf of you when you are paying for these things and recieving the documents because the lawyer knows the exact clauses that should be included in the deed of assignment when it is  being drafted for you. E.G one of the clauses must include that " THE SELLER MUST INDEMNIFY THE PURCHASER IN CASE THERE IS A DISPUTE IN THE SALE OF THE PROPERTY OR A PROBLEM OCCURS". This means that the seller of the land is still liable in case he sells you a defective land and you should be refunded your money. Most dubious sellers don't like this clause.

Also if it a Personal land being transfered to you by the direct owner, the 3 above documents should be given to you.

If the land or property is one that has been registered with the government, it is a land with a CERTIFICATE OF OCCUPANCY. It is usually called a C/O or a C of O. This C/O means the property is being registered and lodged in the land registry of the state and certain fees have been paid to the government to get that C/O because all Lands belong to the government and the government only leases that land to you for 99 years renewable. The C/O covers every problem that might arise if a dispute occurs between land owners and land claimers.

If someone proposes to sell you a land with a document covered by the C/O, you should be alert and call yor lawyer to investigate it. There are millions of C/O that are being paraded as authentic but they end up being clones or fakes of original C/Os. Once a valid search has been made and the C/O is genuine, the seller would transfer that C/O to you, including a Deed of Assignment or Transfer, a Survey plan duly registered in the Surveyor General's office of that State and a Purchase recipt.


There are 2 types of C/O. The global C/O and the individual C/O.

The Global C/O is one that is being paraded by estate agents of large plots of lands or owned by traditional families. Instead of them registering individual C/O'S for purchasers, they just get a grant from the government and process one single C/O to cover all the lands in that area. So if 7 people come to purchase plots of land in that area, all the 7 will have the same C/O but different deeds of assignments and survey plans. The advantage of this is that with that Global C/O you can easily process the Governors Consent without going through the stress of obtaining a C/O first and later a Governor's consent.

The disadvantage of this is that most global C/O'S ARE FAKE if not well scrutinized because the government is very skeptical of granting Global C/O'S anyhow

The Personal C/O is one obtained by the seller who after when he previously bought the land and was just given a deed of assignment, survey plan and recipt, had to regularize the documents so as to get a C/O. A Personal C/O is important when you want to take out a loan or mortgage for your self or your company. That is a major reason why people regularize their documents to upgrade to a C/O.  

Finally, When it is aland or property being developed by a group or mostly the government through its housing Schemes such as the F.H.A or L.S.D.P.C Housing Schemes, what you are given is a Letter of Allocation from the government, that that land has being allocated to you. You are not given a deed of assignment and it is not a C/O. that letter of Allocation is a powerful document and  covers a lot of grey areas.

if your one of those loking towards the MOWE or IBAFO Estates being developed for sale, it is either a Global C/0 or a letter of Allocation that will be given to you.

Also be warned that those Properties for sale i.e MOWE and IBAFO, ISHERI NORTH, GOLDEN ESTATE etc and the likes are not LANDS IN LAGOS STATE. They belong to the Ogun State Government and all searches and Investigations should be directed to the Abeokuta Land Registry in OGUN and not Alausa Lagos.

In summary, while i know everybody's main dream in life is to be a landlord or an estate mogul, don't try and play "I TOO KNOW" Get a Lawyer to handle your transaction for you either as the Seller or Buyer and most especially the Buyer. don't skimp on the fees to be paid to him because if the transanction is not properly done well today, tomorrow, you would pay 10 times the money when the matter is in court. I have seen it happen so many times. don't be the next victim and follow these simple rules.

Cheers!

Ouch Sorry but the internet is a difficult place to enforce copyright violations since it is open for all and sundry. Law courts generally do not protect generic ideas, that is an idea that hasnt been put into a particular medium or form e.g books, writings, c.d's etc. Your e-book will be better protected if it is written in a book form or embedded in a c.d format.

People download scripts and information from the internet on a daily basis and you cannot ascribe it as your own personal information until you prescribe it in a solid medium. When it is in a book form or c.d then you can adequately know who and who is pirating your works and it is no longer a generic idea anymore.

Am sorry we live in a deceptive world but at least you have options.

Cheers!

taggevents:
@ lawyer
thanks for your very informed inputs on a very useful topic. ive got a registered business name and would like to upgrade to a company. please wot steps are necessary and wot r the cost implications? cheers

The answer to this question has already being answered. There is no extra cost implication. It is just as if you want to register a new company all over again and you go through the same process as i explained in the first post. The only difference is that if you still want to retain the same business name and want to transfer that name as your new company name too, you would have to attach the the certificate of the business name given to you in the search or availability of name form.

Adding this certificate would make it easier for C.A.C to locate that name and give it to you and reserve it, but if you want a new name you have to go through the same process. There is no extra amount of money you should pay for upgrading.

Cheers!

@depearl

de pearl:
Hey Lawyer, nice info u posted here. i think i might need ur advise very soon . i am about registering my company. i will like to give u a shout when i am ready.
www.depearlmagazine.com
thanks

Thanks for the compliment. Hope to hear from you and keep your head up.The sky is the limit!


@idhigbe

Please i registered a business name some years ago but lost the reciept and other papers related to it. When i went to get the registration papers, i was told i need the receipt. Is there any way i can get this papers without the receipt? I wanted to abandon it but i can't get the same name to register again. Please advice

Ouch am sorry to break the bad news but the C.A.C. can be very cruel atimes. Without the recipet or a photocopy of the true documents, you can't get that business name. You ought to have filed a police report or affidavit the day it went missing so that they can trace it for you. I dont know how long this case has been but immediate steps ought to have been taken to redeem it. Anyway a business name costs just #5,000 to N7,000 so you can close your eyes and do it again. But this time be careful and make thousands of photocopies. As per the name, if it hasnt been given to anyone yet that is if a certificate hasnt been issued to anyone else with that name, then it ought to be still available.

Try your luck, things could still work out fine. Dont give up.

Cheers!

I can't even remember the last time i watched a Nigerian team play whether senior or junior, male or female. I can't even remember the first 6 players that play for the super eagles. I stopped having interest in Nigerian super eagles since France 98. They can go to blazes for all i care.

I care far more about Arsenal, Vanpersie and Diaby than any yakubu, mikel obi or babayaro. Does cele still play for the super eagles? Who cares sef!

If other people have more land sad stories that have happened to you or a friend please do tell. It is important we reveal all these nasty things done by some of these unscrupulous agents so that new purchasers wont fall victim of these horrible things and we can learn from them.

My neighbour told me one horrible one tonight about a guy in Sweden who wanted to purchase a land, 2 plots to be exact and he contacted his family back home in Nigeria especially his elder brother to over look the transaction. His brother now sent him details about 2 vacant plots in Ikotun area going for N6Million a piece with a fenced gate. His brother now concluded the transaction through the N12 Million he sent and obtained the reciept and survey plan. His brother now engaged a contractor and architect to design the structure that suited the purchaser and sent him pictures and the architectual design. The purchaser now over the next 2 years sent almost N30 Million to his brother to construct a 4 bedroom block apartment for rent and beside it a 5 bedroom duplex for the purchasers personal use when ever he comes home for holidays.

An extra 2 years went by and his brother kept on sending him pictures of the construction work done and the finishing touch. When the brother decided to come home to see the extent of work done, he arrived at the plots of land in Ikotun and found out that the place was still the same bare plots of land with the fenced gate and over grown weeds covering the place with a large sign placed around the fence 'Not for sale'.

Apparently, the brother had bought another plot of land around the same Ikotun area, constructed a huge building and the documents to the sale were written and drafted in the brother's name and he had actually pursued the perfection of the land to the level of a governor's consent and the plot is now being registered in his brother's name.

He told me that the Purchaser came with his camcorder to record and snap pictures of his new land and property to show his family back in Sweden and he couldn't believe his eyes when he realised he had no money, no land, no document and his brother in conjunction with an agent had swindled him dry. He reported his brother to the police and a huhe fracas ensued in their family. Now the brother's new mansion in Ikotun is now a subject of dispute as to who owns it but from my own legal experience, the swedish guy has no right to reclaim that property from his brother since it has being perfected into the name of his brother and it is boldly written and stamped in Alausa as belonging to his brother. The best the swedish Nigerian guy can sue for is a case of fraud and fraudulent misrepresentation to recover his money and knowning our poor and long winded judicial system it might take ages for him to recover his money.

Moral of the story is to shine your eyes and know who your dealing with. Somebody must always monitor who ever is helping you out to effect a transaction. There must be no sitting on the fence. Even close family can be as devilish as they come.

Please feel free to share more stories. It actually helps us to put us on our toes. God forbid this kind of scenario should happen to us in future. Knowledge gained is Ignorance banished.

Cheers!

I have gone through most of the posts and although i am still in shock. The guy has been bugging me to perform a miracle that is almost impossible at this stage. The issues for determination isnt really the cash per se to me, but the negligence of not involving a lawyer to handle the transaction before money changes hands.

1. I know there are thousands of agents out there trying to sell one land or the other whether it belongs to them or not but the issue comes up from the documentation. There is no lawyer except one that hopes to be disbarred tomorrow that wouldnt engage in a proper search at Alausa or Land registry of that state to check whether such a survey plan is existing or correct. All the person needs to do is take it to the Surveyor general's office and pay the charting fees which and they will search the original Government land documents to know whether it has been cloned, doctored or falsified.

In fact personally i have an insider in Alausa that immediately i show him the Survey plan, he will just tell me that it is fake or cloned or under government acquistion at just one glance. Omonile's are getting bolder these days and purchasers should get more inquisitive and not fall for every deal that sounds so beautiful.

The second one that must be done even if it passes the Alausa test is the Court search. There are thousands of land matter cases in all the courts in Nigeria, so how are you not sure that that land your buying is under litigation. It is infact one of the easiest things to do. After paying the search fees to the court register, they will search all land cases for the last 3 years at least no matter how bad or invincible the case is, it will be mentioned for adjournment. If you bought the land in lekki, the Igbosere high court is your next best friend or if you bought it on the mainland, the Ikeja High court is your home sweet home until it passes the bill of health.

It is not by force to buy a house today or land. tomorrow a better one will crop up. Now my guy has lost #17,000,000 Naira, fake surveyplan and fake purchase receipt. the friend has been arrested but he claims to be ignorant about the whole thing and he did exactly what the purchaser wanted him to do, that is find a land, pay for it and obtain the documents.

I went to the land in dispute today and the real owners who are even still in court have plastered the whole fence with 'NOT FOR SALE SIGNS". Who to arrest and who to blame now is still a mystery to me talkless of who to sue      

jydewalker:
DE LAW!

I bought a land in Ofada about 7years ago.

My boss that we bought together is now living on his own.

I want to know, which papers do I ask for. There is no contention on this Land now. and my boss is not having any problem on his own.

I have the survey paln in my name and have even fenced to about 4couches.

What else, apart from receipt do I need to ask for?

mail to jydewalker@yahoo.com

Thx

First thing first. Ofada is in Ogun state so your problem will actually come from the ogun state land registry or ministry if there is any problem in future.

Secondly, you didnt tell me how you bought the land. I am sure it is not through the new mortgage scheme being paraded by agents today to buy in an estate in Ofada. you probably bought it from a family in Ofada. Please if i am wrong correct me.

If you bought it from a family, they will give you a survey plan and purchase reciept. You should take that survey plan to Abeokuta land registry for charting to know whether it is genuine and they will endorse it using the stamp of the ogun state surveyor general. Most survey plans that are not endorsed by the government of that state end up being useless and invalid in a court of law when there is a dispute, so i advise you to get the endorsement.

Also you ought to have been given a deed of assignment or conveyance. This deed of assignment would trace how the property or land arrived in your hand. That means who where the previous owners and who are they transfering it to now.

7 years is quite a while and i doubt if you can trace the descendants of the family that sold it to you. But in case Gbenga daniel's eye is blood red for money and forces all you in ofada or mowe to perfect your title to that land, you have to conjur a deed of assignment unless (I can't shout)

As for now since nobody is disturbing you, you can enjoy your land but try and obtain the C/O of that place. It will save you alot of stress in future. Ogun state is ready to chop from the benefits of Lagosians expanding to Ogun's border and they would soon become very greedy like Alausa, so avoid the mad rush. It costs half the price to get a C/O in Lagos.

Cheers1

naijacutee:
Thanks again, lawyer. You are an asset to us all, and you never dissappoint. I think I might need your services soon as well.

Wow! Naija cutie thanks once again for the kind comments. At this rate, i would begin to have an online crush on you, lol, Truely appreciate it. I try my best to do what i can and leave the rest to destiny.

Cheers!

Jodesky:
Lawyer, thanks for the info.

i have a company with N100,000 sharecapital and I want to increase to N1.0million s/capiatal. I have done my Anual reports up todate.

What do I need to pay and what docs do I need to sign. I know I have to do a board resolution, so what next after that and what are the associated costs?

Will I have to amend my MEMART to reflect the new s/capital

Thanks

Hmm, your situation is not as difficult as you think and i will try to put you out of your misery.

The major issue here is changing the share capital. That is an Increase of the share capital from 100,000 shares to 1,000,000 shares. Before i proceed, i think it was a bad idea to start with 100,000 shares and who ever advised you to start that low, wasn't being financially prudent and encouraging with you. I advise most of my clients to start with a basic 1,000,000 shares for starters. It doesnt change anything and puts you in a better position to progress instead of retogressing. With this now, you would have to pay to the C.A.C. extra money to get the 1,000,000 shares that you would have gotten for cheap earlier on.

In fact tell the person who advised you to register 100,000 shares waka on my behalf He is a bad company advisor!

Anyway to your problem, Section 100 of CAMA (Company and Allied Matters Acts) provides for the Alteration of the Share capital and Section 102 of CAMA specifically provides for the Increase of Share Capital.

The steps to follow to achieve that increase includes:

1. You must call a MEETING AMONGST ALL THE DIRECTORS: Whether it is you and your wife or you and your brother or there are 5 people that are directors of that company, all of you must sit down and decide that you want to Increase the share capital. You cannot take a unilateral decision on your own without the consent of all the other directors. this is called A GENERAL MEETING.

2. After the General meeting amongst you all, you must now have a RESOLUTION that you want the Shares to be Increased. This Resolution must not necessarily be in a written form but it is advisable that you write it down. Nothing too extravagant. Just scribble it down that "Directors 1, 2 and 3 blah blah blah have agreed to an increase of the share capital of company xyz on so so so date and so so so time during a general meeting called" (Shikena)
This is called an ORDINARY RESOLUTION.

3. After the ORDINARY RESOLUTION, you can now through your lawyer or yourself, go to the C.A.C to purchase THE STATEMENT OF INCREASE IN SHARES FORM from the C.A.C. This statement of Increase in shares form is very important and it should be filled properly. The cost shouldnt exceed #5,000.

You now attach the filled Statement of Increase in Shares form with the written resolution that you have all agred to Increase the shares of your company xyz to be stamped at C.A.C more specifically at the stamp duties office in the C.A.C.

4. The major documents to be filled at once include:

1. A letter of Application to the C.A.C that you want to Increase the shares of your company from 100,000 to 1,000,000

2. Your Memorandum and Articles of Association must be amended to reflect the changes that it has increased from 100,000 to 1,000,000. Better still tell your Attorney to draft a new MEMAT with the changes inherent in it.

3. Your copy of the Ordinary Resolution (The small note showing that the directors met to discuss the Increase of the shares)

4. A notice of the Increase: (That is After the Resolution by all the directors, you now draft a small notice telling the shareholders that the board has agreed to Increase the share capital) Look at any newspaper and steal a sample notice to shareholders about any important issue discussed for you to have a clearer view of what i am saying.

5. Statement of the Increase that has been filled and duly stamped.

The above 5 documents must be submitted to the C.A.C within 15 days after the Statement of Increase has been duly stamped unless it will be queried and rejected and you have to start all the process all over again.

Once you submit it, give the C.A.C a minimum of 6 weeks and your Certificate of Increase of your share capital will be issued to you by the C.A.C

Total cost of everything shouldnt exceed #30,000 because at least #10,000 will be taken for the minimum 1,000,000 share capital and the rest for the stamping and settle ment to speed it up. You will definately still see small change remaining

[size=18pt]Important warning[/size]:

After the certificate of Increase has been issued to you by the C.A.C make sure you draft a statement showing that the company has increased its share capital base from 100,000 to 1,000,000 and within 6 months of this notice, it should be submitted to the C.A.C that you have issued at least minimum of 25% to all the directors to make it reflect that it is no longer 100,000 shares but that it has increased significantly and the other directors have a larger share of it.

e.g

Before you had 2 directors and you both had 50-50 shares in the company. That means you both had 50,000 shares each to reflect 100,000. Now that it has increased to 1,000,000, you now have to show that it has increased significantly from 50,000 shares to 500,000 shares per director.     

If you don't do this, the C.A.C will not recognize that you have increased it and it will be missing from your file.

Secondly, you have deliever to the C.A.C a statutory declaration (Also known as a note or document) that all the directors have consented to the Increase and that the increment from 50,000 to 500,000 has taken effect.

After that you have completed the process of Increasing your share capital.

Shikena

Cheers!

In fact i am just feeling too demoralized after today. I have screamed this issue over and over again but i dont know why some purchasers still fail to take this basic simple rule.

Today i was briefed about a land transaction gone all too horribly wrong and i really dont know where to start. A purchaser from Europe went through the castle magazine property papers online and saw a property or land specifically he liked in Lekki phase 2 going for around #17Million. He contacts the agency through their hotlines and before you know, he delegates his friend to go and inspect the place. The agent tells him that the property is free from defect and the property has a survey plan, deed of assignment and reciept.

His friend takes the photocopy of the documents and scans it for the purchaser to see and the the purchaser feels comfortable with it and proceeds to get a surveyor to do a proper outlining of the actual square meters. Once the surveyor finished with it, the purchaser now sends 17Million to his friend via wireless transfer including the 5% agency and legal fees and the agent grants him a reciept and hands over all the documents to the friend.

2 weeks later the purchaser decides to come to Nigeria to see the land in Lekki 2 and sees speculators surrounding the property. He screams at them and tries to chase them off but an argument ensues that the land in question belongs to another buyer with the same documents. immediately they go to Alausa to check the survey plan and realise that the survey plan of the purchaser is a clone and has been doctored. The original survey plan from Alausa shows the land is under government acqusition and there is an on going litigation battle about that land in court by the families involved and the previous owner.

The purchaser tries to locate the agent but after that sale, the agent had disappeared into thin air. Now he has no land, no document and no money to be refunded.

It costs you purchasers nothing to get a lawyer, whoever to help conclude your sales transactions. They can spot a mishap a mile away. Documents are being doctored everyday and and once money changes hands, its bye bye. The lawyers will do all the search needed in court and Alausa and if it is not a viable land, then nothing can happen.

Now the guy is crying to me to help and i dont know where to start. The Agency he represents says they werent aware of the sale at all and it wasnt even in their own bulletin as properties to be sold.

Purchasers beware. Not all shinning yellows bracelets are gold. Do the right thing and involve professionals unless you have yourself to blame for skimping on a few naira that could prevent you from losing millions.

Cheers!

New rules and orders from the CAC commencing from the 29th of November 2008. For you the lucky ones that registered quickly before the new changes in price, Congrats for taking advantage of the cheap prices. There are now new rules for forming companies and price changes but it is done to make things easier for people who need to incorporate companies.

Anyway, i believe anybody that is above 21 that isnt a director of an existing company or plans to own one in future really has no plans to be a financial leader someday. Even if you collect outrageously huge Salaries every month, have you thought of Plan B if the salary well dries up??

I have been getting e-mails and requests about the Filing price but what i fail to understand is where do these rumour emanate from that to register a company costs N100,000 or more for a million share capital? 

While i choose not to state the exact price on This Thread based on personal reasons and fluctuations of prices and costs, i can categorically tell you is way way below that and dont be coerced into believing that story from anyone whatso ever.

Even with the solicitors fee for filing and drafting every legal Thing possible for the company to take shape, it wouldnt still get to that price, so beware abeg!

You need money to run the business and not use the money to get ripped off even before you start the company! 

Post all your Company Registration questions and i will try my best to answer it as soon as possible.

Cheers!

It takes quite a while to process a C/O and anybody telling you that it will take 3 days or 3 months is telling you a big fat lie.

C/o processing is one of the most difficult things to do in Lagos. It requires the payment of fees in different departments that might take donkey years to be approved. What about the things not supplied by the owner of the property such as tax clearance, picture of the house, survey plans etc. The lawyer will have to wiggle his way around the bureacracy to get it done.

Although you must continue to give the lawyer bumper to bumper marking so as to make sure he does the job but cut him some slack. Alausa is a place meant for only mad people and only mad people can survive there.

Cheers!

call or mail me. I'll get something for you

Cheers!

Generally it is calculated based on 10% of the year in question and they normally just multiple the total amount you should pay per year x 2 or 3 and still collect 10% of the total sum e.g 10% of 300,000 for one year is N30,000, IF YOU NOW ARE TO PAY FOR 2 YEARS, IT WILL BE N300,000 X2 Years = N600,000. 10% of the 2 years =N60,000. Instead of charging you 10% year 1 and 10% Year 2, THEY JUST TOTAL ALL THE YEARS AND X (times it) and divide it by 10% to get the agency fee and do the same thing for the legal fees

Cheers!

If you are serious, then contact me via email, then i would link you up with someone that has it. Besides what is your budget?

Cheers!

I dpnt understand your post. You said you got a house. Does that mean you have already bought it or your still contemplating on buying it? If you bought the land in Badore before you did the search at alausa, then you committed a grave error and that's mistake number one in my books. Dont ever buy anylanded property without doing the search first whether it costs N5 or N500 billion.

Now that it is under government acquisition, it means, Govt is the owner of that land and you bought that land from an omo nile and no matter how they told you it is family land, they actually scammed you. I always tell you guys, dont believe any thing agents tell you about properties without doing the search. In fact 3/4 of the lands in Badore and Addo village are under government acquistion and these days omonile have perfected the art of re designing survey plans to exclude that plot from the original acquistion and it is until you carry the survey plan to Alausa that you would be told.

The implication of government acquistion is that your land is null and void and when government is interested in that land, it will come and acquire it free of charge or destroy it free of charge or be merciful with you and ask you to come and re purchase it from them at a higher premium in future that you dont know the time or date.

Before you can even do the C/O for that place, you would pay tripple and that's if they still allow you to do the C/O because it is government property and you cant perfect what you dont own.

My advise is to sell the place to someone that doesnt know what government acquistion is or refuses to do a research like you and Zap asap unless your going to pay big time in future. Dont look at all the houses around there. One man's meat is another man's poision.

Next time use a lawyer for all your transanctions. Its far cheaper on the long run compared to this big mess

Cheers!

I am torn between buying a blackberry or Iphone next week and i am more interested in the browsing features because my mails are extremely important in my business. I dunno which one really makes more sense in respect of the features and price.

Please do Kindly advice!

Cheers!

Hi guys!

Sorry for bugging you guys but i really do need your help. I am not as phone savvy as most of you and i would like your professional opinion on the kind of phone to buy that has web browsing facilities.

I have heard of the black berries, iphones and some nokia phones. The price lists too have been very suspect and i dont know which one is which or which one offers better services.

If you do know the prices of black berries or iphones that are moderately affordable and what browsing features they offer and the best network for browsing, i will really appreciate it.

Thanks for your anticipated help!

Cheers!

Hi guys!

Sorry for bugging you guys but i really do need your help. I am not as phone savvy as most of you and i would like your professional opinion on the kind of phone to buy that has web browsing facilities.

I have heard of the black berries, iphones and some nokia phones. The price lists too have been very suspect and i dont know which one is which or which one offers better services.

If you do know the prices of black berries or iphones that are moderately affordable and what browsing features they offer and the best network for browsing, i will really appreciate it.

Thanks for your anticipated help!

Cheers!

Backslider:
this is another demon masquerading as someone

Calling someone a demon is a sure fire way of making yourself an angel right?

We should learn to be accomodating with one another and refrain from all these unecessary name callings.

This doesnt say much about you being a tolerant christian. We all have diverse views on certain things and issues but name calling and pointing accusing fingers doesnt potray you as being better off than the person your castigating.

Please check the meaning of the word demon carefully and reflect on its usuage and see if it has made you any more happier.

@oyewole

I have a friend who has a plot of land at the isheri north scheme going for 5 million with a letter of allocation as the present title. If your interested, i could hook you up with him.

Cheers!

Download or use super Antispyware or smit fraud fix. I had this kind of problem early this year but these 2 especially the super anti spyware did the trick and acts as cop to my lappy!

Follow the instructions and you will be as good as new. In fact i cant even change the home page domain name without the super anti spyware prompting me for permission. Its that good.

Cheers!

Happily Single

No Wife

No Girlfriend

No Fiance

No kid

No relationship headache and nightmares

Fantastic Job

Good Life

What else is there to complain about life!

Peace Unlimited!

@eaz

Let's do a little compare and contrast with your own posts to see the errancy in your statements:

HI EVERYONE,

I HAVE 1300 SQ M OF DEVELOPABLE LAND FOR OUTRIGHT SALE AT OGOMBO VILLAGE LEKKI 2.IT IS SITUATED AT OGOMBO VILLAGE ROAD (ABRAHAM ADESANYA ESTATE ROAD) OFF LEKKI EPE EXPRESS WAY. THE LAND HAS A GLOBAL C OF O. THE DEED OF ASSIGNMENT IS CURRENTLY BEING PROCESS AT ALAUSA. THE LAND IS GOING FOR =N=6 MILLION (ASKING).

v

No kill me o! A deed of assignment can be given to someone who purchased a land with a Global C of O covering it.

Firstly how do you assign property or transfer property or land to another person without granting a Valid Deed of assignment or deed of sub lease to that person first?

How do you just grant a c/o to a purchaser without the necessary things such as a purchase recipt, survey and deed of assignment all coming from the vendor first?

How to you first grant a c/o first before processing a deed of assignment in alausa?

Like i said earlier on, if you have said that what your company is doing is process the governor's consent for the prospective purchaser then you are on course and not the other way around

You can go to www.lasg-lands.com/GovConsent/Guidelinereq.htm One of the documents emphasized is 4 copies of the deed of assignment

I went to the above website and found out it doesnt exist. Make sure you get your facts right.

No body is spoiling market for you, all i ask from you is to post the correct information for prospective purchasers that's all. Your post was mis concieved in terms of the true status of the title. Instead of you telling your future clients that your on the way to process the governor's consent for the purchaser, your saying they are processing the deed of assignment. What is the general aim of processing a deed of assignment? Is it not to get a grant of governor's consent? Are you offering the potential purchaser a property with governor's consent or what?

State your claims and clarify.

Cheers!

Is your #900,000k for one year or 2 years alone and have you added the agency and legal fees? this will be easier for any agent helping you out b'cos your budget should be #350,000 per year x 2 + 10% agency and + 10% legal

Cheers!

How is it possible to get a global c/o without the deed of assignment been processed at first?

A global C/o is given to the family in charge of all the lands in that area after they have done the requisite things and payments to the government which includes the survey plan and general deed of assignment.

If your now telling me that each buyer now wants to process the governor's consent on its own with the global c/o, then your on track but not the other way around. Its better you advertise the land as one with only a purchase recipt and survey plan and not sell something defective that will be discarded in alausa.


Cheers!

Funny enough i was just thinking of this same idea right now and scribbling things and ideas down on a note pad when i decided to check nairaland and saw your post. How freaking coincidental! Anyway, we could things out or do biz today if your interested. I do have a lot of experience in online web retail and property issues.

I just went through your site and i see it needs some fine tuning. Everything is possible only if you put in the right effort and biz acumen to succeed. If your interested, you could give me a call or mail me at barrister_matto@yahoo.com or 07036681104.

Cheers!

One more thing, nothing in life is free! There are incentives and there are special attractions but definately not free! No biz can survive on it. Even air is being sold in the mould of oxygen and the likes.

I just sent u a txt msg, Cheers!

How can u say lowest bidder wins the job? are you encouraging mediocrity for your self or just being palin stingy? The cheapest buildings in Nigeria have the greatest ratio of collapse. Your better off asking for the best quote and people that can do the job and not just the cheapest quote!

As long as the property is being transfered from A TO B, you will have to still do the governor's consent. There is even a penalty whereby if you sell the property within 10 years of the purchase of the property to another peerson and you intend to do the governor's consent again, the normal consent fees of 8% will become 15 %. It is used to discourage arbitrary sale of land to make a mega profit due to inflation and prevent speculators and developers making a huge profit from sales and counter sales.

Cheers!