₦airaland Forum

speak2lift:
This is exactly their Business Model.
I know a lot of my colleagues way back in 2014 who opted for installmental payments for Adron homes - did about 8 to 10 months and dropped off. I can only imagine the no of funds they have collected that wld neva be returned...

There are many with similar experiences. Even when you complete your payments, the extra charges are outrageous. In the end, money has been paid but land hasn't been gotten.

DexterousOne:
Well said.
I hear even some traditional rulers are in on the racket

Definitely. They are on it.
If there are unresolved land issues with Omoniles in a particular place, just know the traditional rulers are nonchalant or behave as if they are powerless, just know they are also involved.

akaahs:
J
D court not police

Burden of proof on the court? You must be a comedian.
Do you even know what burden of proof means?

Most of you are ignorant about basic laws and legal processes, that's why you always enter into problems.

akaahs:
Has ur demigod clarify himself??
We shouldn't encourage impunity in a democratic settings.

On who lies the burden of proof in criminal defamation?

akaahs:
Let also the accuse prove his innocent instead of using government apparatus to intimidate a citizen.

On who lies the burden of proof in criminal defamation?

Sack of NWC? Very funny people.

Urchman200:
Nigerians has rejected military and dictatorship as form of government ok.

Who is talking about dictatorship and military rule?
He made an allegation, let him prove it.

emmanuelewumi:
Festac Town and Satellite Town are FG lands and real estate projects.

Does that mean Investors or landlords in that locations need to reapply for LASG certificate of occupancy?

The land use act needs to be reviewed and updated

Festac Town was developed by Federal Housing Authority. FHA got a lease of 99 years to develop Festac. Federal Ministry of Lands and Housing gave land to FHA to develop and gave them C of O. FHA in turn developed and issues letters of allocation and subleases to occupants.

Those buying properties in those areas called Festac Phase 2, Abule Ado, etc, need to be careful as the matter has been subject to litigation at the Court of Appeal between the FG and Omoniles.

Those who need to reapply to Lagos State Government are those who bought FG properties in Onikoyi part of Banana Island, FG properties in Ikoyi, Ikeja GRA and other parts of Lagos where the land falls under Federal acquisition eg parts of Ojodu, Oke-Ira in Ogba, etc.

Let him simply prove the allegations he made online, instead of shopping for court orders.

Nezzjnr:
Thanks boss

Please when I'm ready to get anyone... Can I contact you

Definitely. You can reach me anytime.

emmanuelewumi:
UAC Property Development and Union Homes had similar problem when they bought 1004 estate from FG.

The issue with Federal Secretariat is that the godfather was interested in the property, but it was Babalakin SAN and his group bid that succeeded

Babalakin is PDP, LASG is APC.

I think both Federal and States government should be able to issue certificate of occupancy and building approvals.

Building approvals - States
C of Os - States (Federal can issue over Federal lands)

Lagos took the FG to court and won from the High Court up to the Supreme Court. Now, if you have a Federal C of O in Lagos, you have to take it to Alausa for ratification. Essentially, you reapply for Lagos state CofO.

Nezzjnr:
Omoniles aren't to be trusted also

It takes one to be a genius in pulling the issue of lands out

They are not trustworthy and that is why you must take possession IMMEDIATELY after buying. In fact, insist on paying 60% and fencing and once fencing is completed without hiccups, you balance up the outstanding 40%.

emmanuelewumi:
My advice is that when you buy from Omo onile, make sure you have the funds to develop the property and take physical possession. It is not an investment you live for 5 years.

My late Uncle was the former Surveyor general of Lagos with just 2 houses in Lagos and plots of undeveloped landed properties all over Lagos. You know most cases Omo onile pay lawyers and surveyors by barter, ie using land for payments.

I told my uncle to sell those lands then and use the proceeds to buy or build more houses. But he was more interested in capital appreciation of the the plots and hectares of land.

Ten years after his death, his 2 sons are yet to take possession of just one of his numerous plots of land.

The land have been sold by the Omo onile and his numerous business partners

It is a taboo to buy land from Omoniles and not fence it with gate. There is no point buying land from Omoniles if you won't develop it. Omoniles sell undeveloped lands for multiple times profit and tell the previous buyers to come collect the amount they used to buy it.

One of the reasons I prefer to buy from Omoniles is that you can take possession immediately and develop. Lots of Real Estate Companies can't do that.

emmanuelewumi:
Too bad. I almost bought 2 plots for 700k along that axis in 2007. Did not buy because I love seeing what I am buying or the cash flow from my investments and not the expected capital appreciation

Government should safe guard investments in the real estate sector.

You were really fortunate.

What hinders the bolded is corruption and vested interests. It's really entrenched in the system.

Nezzjnr:
I guess it's hard in finding a genuine company

Now I see why that Mowe Ofada axis is a major vast Farmland

Some of the companies selling are genuine but because they lack real estate experience, their ignorance proves expensive. But for most, they just want to "cash out" and move on to the next victims.

As terrible as Omoniles are, I prefer buying from them cos I know their tricks and how to handle them.

emmanuelewumi:
Did they pay back the investors?

They didn't pay back. Many Nairalanders fell victim. There are stories in the property section.

emmanuelewumi:
Mainly for speculation by both the real estate companies and the buyers of the land

The real estate companies don't have the financial muscles to develop the land, everybody is doing the same thing. Trying to buy at N2 million and sell at N5 million in 5 years time

Most are buying lands but ask them to identify the plots, they can't. Even if you go to Court, how do you identify what you are claiming?

The second issue is the validity of documents those companies are holding. Excision in progress is rubbish. That is not suitable title. Gazette, Excision, Governor's Consent and CofOs are the proper thing.

In Lagos, you don't own land until you build on it.

ojesymsym:
Oh okay, true, I should have thought of that.
We are firmly loyal sir to your expertise.

We are all learning sir. As I learn freely, I contribute freely too.

Nezzjnr:


I thought it's a long term investment plan

That is exactly what they told those who bought bushes inside Mowe Ofada 10 years ago.

When the Ogun State government got tired of the problems caused by the real estate companies, they acquired all the lands back.

abraolas1:
the Hidden Charges makes me to run away from Ibeju Lekki area ......for some they put it on their website e.g Andron Homes ....majority of them dont ...until i take a deep look and i later realise that the hidden charges is more than the amount u pay for the land which the buyer will not be inform as at the point of buying ......

And i also fear the Buy 5 and get 1 free plot of land hen.....cos this is Nigeria

Land 250k,
Extra charges 1.5M

Many real estate companies know you won't finish paying. They in fact are hoping buyer's won't finish paying so 3 people can pay for the same plot.

A certain Exec in a real estate company told me in confidence that their company paid Omoniles for about 10 Acres and sold more than 400 plots.

NL1960:
Interesting. So omonile is now bigger than the government?. If the government is saying this, then it means it was a scam by the government from the beginning.

Present Head of Service is a former Secretary of the Land Use Allocation Ctte as well as PS Lands.

Late Sen. Sikiru Oshinowo (Pepperito) was former House Ctte Chairman on Lands.

Sen. Gbenga Ashafa was a former PS Lands. He was popularly called "King of Boys".

shogbenga:
Confirmed sir, I applied 11 years ago and made all payments. Paper allocation was given. No physical allocation
The excuse by the govt was that omonile did not allow them to take possession of the land. We were advised to apply for refund. It's 5 years now, stories

Due to vested interests, they couldn't do the right and sensible thing. Corruption everywhere.

Nezzjnr:
Please guys are there Genuine real estate firms in Lagos... Seems most of them are scammers who just go to Ibeju Lekki and dump a signpost there giving it juicy names like Oriental Gardens and so on

How many of those who bought land from real estate companies in Ibeju-Lekki have built on those lands?

ojesymsym:
From that guy's explanation, he had copy of papers for an original land, just that the papers were not for the land he was going to pay for. So in that case, if you do a search, the agencies will rightly say it is genuine but how does the buyer know it is not for the so called land he wants to pay for?

Get a HONEST registered Surveyor to pick up the physical coordinates of the land and chart it to be sure it is the same with the one on the papers. It would tell you if there are discrepancies or not.

Funny case

AntonVince:
[s][/s]

"Defeated" indeed.
It's an easy thing to say when you're in the ruling party and control all institutions of the government.

Election rigging now amounts to "winning" to you.
...and he even added Adeleke, Ihedioha and Atiku that were brazenly robbed?

Was Oshiomhole in the ruling party when he retired Anenih and Igbinedion?

popesco123:
give yourself life and be useful to yourself, think about your future, obaseki and oshimole are made for life. stop running from page of dailies to the other to argue trash with your opponent . the only thing you gain is temporary sugar heart or derived joy. put your dumb skull into work

I'm a lawyer with my own firm. I'm a respected adviser to many companies and wealthy individuals. Beside my firm, I have a property tech company and I have other investments by the side. You on the other hand are looking for 1 room to let in Abule Egba.

When I'm talking in a place, your type can't even enter. You would be kicked out like a dog. I suggest you take your own advice and put your dumb skull to work.

Philipxxxx0:
what kill her?

She suddenly slumped and died. Cardiac arrest.

Please, let's try to undergo regular medical checks. Blood pressure, blood sugar, blood tests, cholesterol, vitals, cardio tests and few others are not really expensive. Blood pressure tests monthly and at general body tests at least once annually.

Many cases of people slumping and dying are due to blood pressure complications. Undiagnosed hypertension is a major killer and many don't know.