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‘94% Of Property In Lagos Without Title’ - Properties (2) - Nairaland

Nairaland ForumNairaland GeneralProperties‘94% Of Property In Lagos Without Title’ (13270 Views)

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Re: ‘94% Of Property In Lagos Without Title’ by LeopardX: 6:32pm On Apr 01, 2024
Mrchippychappy:
grin

Land grabbing season is here.
I dey tell you.
Re: ‘94% Of Property In Lagos Without Title’ by bablon20(m): 6:37pm On Apr 01, 2024
That's a raw fact.
Re: ‘94% Of Property In Lagos Without Title’ by wiseoneking: 6:37pm On Apr 01, 2024
Christistruth00:
After all is said and Done Lagos Land still belongs to the Awori and Ijebu
That is why you need to consult extensively with the Traditional Land Owners
before building anything
it belongs to yoruba
Re: ‘94% Of Property In Lagos Without Title’ by seeme2(f): 6:48pm On Apr 01, 2024
Chai grin you see why we say respect your landlord now. Igbo man go don dey shit for pant now grin
Re: ‘94% Of Property In Lagos Without Title’ by obaidan: 6:53pm On Apr 01, 2024
Kingray10:
You made a post the same you is the first to comment.
What kind of Op is this angry angry
Concerning the topic,it's best you don't disclose your title as a land owner in Lagos if you are wise grin grin
he is obsessed with himself
Re: ‘94% Of Property In Lagos Without Title’ by onumadu: 6:56pm On Apr 01, 2024
Here they come again with a new strategy.
The more things change, the more they remain the same.
If they can't score a goal, they move the goalposts.

Which is exactly why smart people like myself NEVER and will NEVER own a property in Lagos, even if offered free.
Like Snoop Dogg said "I'm too swift on my toes to be caught up with you hoes". cool
Re: ‘94% Of Property In Lagos Without Title’ by Procashtips(m): 6:58pm On Apr 01, 2024
Does an average Lagosian know how difficult it is to get a C of O in Lagos not to talk of the cost?

So any title that's not a C of O is not a valuable title?
Re: ‘94% Of Property In Lagos Without Title’ by PHAYOL81: 7:05pm On Apr 01, 2024
I hope people quickly facilitate their certificate of occupancy. That's a bigger legal tender for your land space and a reliable backbone of rest against future law case or strange claimants on that same land-space.
I disagree on the stat though. It ain't that bad.
Re: ‘94% Of Property In Lagos Without Title’ by johnjose68: 7:06pm On Apr 01, 2024
Re: ‘94% Of Property In Lagos Without Title’ by johnjose68: 7:07pm On Apr 01, 2024
onumadu:
Here they come again with a new strategy.
The more things change, the more they remain the same.
If they can't score a goal, they move the goalposts.

Which is exactly why smart people like myself NEVER and will NEVER own a property in Lagos, even if offered free.
Like Snoop Dogg said "I'm too swift on my toes to be caught up with you hoes". cool
Why...una no wan develop Lagos againhuh
Re: ‘94% Of Property In Lagos Without Title’ by ultimateprof: 7:49pm On Apr 01, 2024
Yoruba's and mischief are like 5&6, they are just looking for ways to recover all that they have sold. Its not by force to leave in Lagos!
Re: ‘94% Of Property In Lagos Without Title’ by Gboom: 8:08pm On Apr 01, 2024
Lagos State always collect Land Use Charge addressing the bills to the Landlords, how do they get the records or title they are using to generate the bills?
Re: ‘94% Of Property In Lagos Without Title’ by BreconHills(m): 8:16pm On Apr 01, 2024
It is clear that low efforts to seek title on property is simply an attempt to extend the 99 year lease granted by state governments under the LUA. It is worth noting that the LUA vest ownership of property in the state government. Most people brandishing property documents as land owners are oblivious to the fact that in reality they are tenants of the state and that multigenerational asset transfer is more on paper than in fact.
Re: ‘94% Of Property In Lagos Without Title’ by tollyboy5(m): 8:51pm On Apr 01, 2024
LeopardX:
Lol even some indigenes sef no get C of O for this Lagos.

I kid you not.
My pman get alaye. Even family land we get
Re: ‘94% Of Property In Lagos Without Title’ by tollyboy5(m): 8:53pm On Apr 01, 2024
onumadu:
Here they come again with a new strategy.
The more things change, the more they remain the same.
If they can't score a goal, they move the goalposts.

Which is exactly why smart people like myself NEVER and will NEVER own a property in Lagos, even if offered free.
Like Snoop Dogg said "I'm too swift on my toes to be caught up with you hoes". cool
Why you crying more than the beverage?
Re: ‘94% Of Property In Lagos Without Title’ by Konquest: 9:35pm On Apr 01, 2024
HeatSeeker:
Stakeholders in the building industry have disclosed that 94 per cent of property in Lagos State do not have legal titles.

They stated this in separate interviews with The PUNCH at the recent launch of Edge Facility Managers, which was held in Lagos.

The First Vice President of the Nigerian Institution of Estate Surveyors and Valuers, Victor Alonge, said the way forward in maximising the dead capital in the country was to streamline the land titling process.

He said, “The dead capital is dead because the owners have no legal title to land, and without legal title, you cannot access finance for one purpose or the other. In going to a bank, security would be required to serve as collateral for finance to be loaned out. This security means a certificate of occupancy, which serves as a legal title, and without a legal title, banks would not yield their money.

“The solution is to improve the land titling system, giving access to easy registration. Hence, a need for state governors to take it seriously. Lagos State is at the forefront of states with an improved land titling system. You would find out that of the property in Lagos, about 94 per cent have no legal title. And if Lagos is at the forefront, you can imagine states like Nasarawa, Ogun, and Oyo, among others.”

Alonge noted that Edo State had lots of property but the issuance rate of Certificate of Occupancies could be improved.

He added, “There was something that surprised me last week when the Edo State governor came to commission our building in Abuja. He said that when he became governor, the Certificate of Occupancy that was issued since the creation of Edo State up till when he came into power, he was able to count about 2,000 certificate occupancies. However, in less than eight years of his administration, he had been able to issue over 30,000 certificates of occupancy. That is an improvement, but it is still not enough.”

Similarly, the Managing Partner of Ubosi Eleh & Co., Chudi Ubosi, said it was essential to identify the assets available.

He said, “Unfortunately, about 94 per cent of land is without title in Lagos State. That is the nature of what we are because people are afraid of getting the title as they do not trust what the government gives them. They believe that titling gives the government an opening into their lives, by tax deductions, among others.

“In addition, many do not even bother or know the advantages of having a formal title to land, also many are afraid of the process as they always see the government as a bureaucratic monster that consumes. The government needs to do a lot more in building awareness, educating the people, and capacity building.”

More so, the Chief Executive Officer of Edge Facility Managers, Peju Fatuyi, stated that the purpose of the launch was to raise public awareness about activities within the facility management space.

https://punchng.com/94-of-property-in-lagos-without-title/
Re: ‘94% Of Property In Lagos Without Title’ by DesChyko: 9:39pm On Apr 01, 2024
Another one.

Expect 'Title Validation Levy' soon.
Re: ‘94% Of Property In Lagos Without Title’ by IbeOkehie: 11:11pm On Apr 01, 2024
But this is old news. Nobody owns any land in Nigeria, it's all government property.

Good Luck to Nigerians.

Re: ‘94% Of Property In Lagos Without Title’ by BALLOSKI: 1:24am On Apr 02, 2024
Kaduna is ahead in this regards.
Re: ‘94% Of Property In Lagos Without Title’ by 7arrows: 3:33am On Apr 02, 2024
Johnjustice:
As long as a property has deed and was transferred in good faith...not everyone have money to do consent or c of o. Government should let the people breathe. A deed of assignment, an instrument of exchange/transfer of ownership and rights of a property from seller to buyer, is the basic valid title a property need to have.

Government should encourage more Nigerians to own homes, the ratio of home owners in Nigeria is very low, compared to small nations like Ghana etc, government must make it it's duty to ensure Nigerians own homes, since government is not building for the people, Lagos state government should not frustrate the ones building with their own funds.
Thief Lagos government. Try processing c of o and u will see what those guys will put you through. Ordinary building approval u will nearly beg your great grandma to wake up on ur behalf. Oshi
Re: ‘94% Of Property In Lagos Without Title’ by jaxxy(m): 5:57am On Apr 02, 2024
That's is an indictment on the state government implying decades gross incompetence and nothing more.

I want to believe this is sensationalism not facts.
Re: ‘94% Of Property In Lagos Without Title’ by LeopardX: 7:53am On Apr 02, 2024
tollyboy5:
My pman get alaye. Even family land we get
I said some, not all.
And that's because I know them personally.
Re: ‘94% Of Property In Lagos Without Title’ by Cheeryfeet: 8:22am On Apr 02, 2024
Kingray10:
You made a post the same you is the first to comment.
What kind of Op is this angry angry
Concerning the topic,it's best you don't disclose your title as a land owner in Lagos if you are wise grin grin
Why is that. Can you enlighten newbies
Re: ‘94% Of Property In Lagos Without Title’ by Love800(m): 12:59pm On Apr 02, 2024
Hello.
Do people own land in america?
IbeOkehie:
But this is old news. Nobody owns any land in Nigeria, it's all government property.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by IbeOkehie:
Love800:
Hello.
Do people own land in america?
Yes they do. Anyone who says they own land can show you a Deed of Ownership if you ask. Neither can the government take the property without due process and compensation based on market value. A land owner can sell to whomsoever they wish, with no government interference. Though there's a recent law in the State of North Dakota or nearby, that bans foreigners from owning farmland.

A popular argument against land ownership in the USA is that government will take it if land taxes aren't paid. True, but such taxes are NOT in the Constitution. There's laws in process right now to abolish land property taxes in Texas and I think Kansas or Kentucky and a few other states. Meaning, such laws are not in the Constitution.

NOBODY in Nigeria can show any Deed of Ownership. There's some arguments about how Chapter 34 of the Constitution provides for Land Ownership in direct contradiction to the Land Use Act which is part of the same Constitution. The Chapter in the Constitution about Welfare provides that government must control the commanding heights of the economy....one of which is land.

In practice though the LUA is what is applied. For example, the law states and I know by personal experience that you must get the consent of the state governor to transfer any land. LUA is responsible for the dearth of mortgages in Nigeria and thus low home ownership in urban areas. Combined with the Petroleum Industry and Solid Minerals Act, the land laws of Nigeria are plain and simple robbery in the same way that White Europeans robbed Black Africans of their lands in South Africa, Zimbabwe and Namibia and Kenya. It's the exact same principle.

Anyway, take it anyhow you like. At the very least private control of land in Nigeria is legally controversial and thus tenuous, unstable and impaired. Most adults in Nigeria surely know someone whose lands have been seized or threatened by government. It's not theoretical.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by webizone(m): 11:01pm On Apr 02, 2024
IbeOkehie:
But this is old news. Nobody owns any land in Nigeria, it's all government property.

Good Luck to Nigerians.
Lol, I was waiting for your comment. They are just realizing.
Re: ‘94% Of Property In Lagos Without Title’ by Nyahabingi: 2:45pm On Apr 03, 2024
humilitypays:
Oya Sanwo-Olu demolish them all, senseless rascals in government angry
If you have for once build a house or own a property..you won't spew this trash you just did
Re: ‘94% Of Property In Lagos Without Title’ by IbeOkehie: 4:05pm On Apr 03, 2024
webizone:
Lol, I was waiting for your comment. They are just realizing.
This past weekend I was talking to an elderly Nigerian at a small get together. This is someone who had always condemned my No Return to Africa outlook. To my shock, this person said,

"There's no point investing in real estate in Africa. I've now learned it's all a waste, it's never your property anyway".

Of course I was shocked. I asked why, so we got into a deeeeep discussion. In short, Nigeria is a serious problem.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by Love800(m): 10:42pm On Apr 03, 2024
Wonderful!
Tankz.
But other documents are easy to get. I think is C of O dat is hard to get.
IbeOkehie:
Yes they do. Anyone who says they own land can show you a Deed of Ownership if you ask. Neither can the government take the property without due process and compensation based on market value. A land owner can sell to whomsoever they wish, with no government interference. Though there's a recent law in the State of North Dakota or nearby, that bans foreigners from owning farmland.

A popular argument against land ownership in the USA is that government will take it if land taxes aren't paid. True, but such taxes are NOT in the Constitution. There's laws in process right now to abolish land property taxes in Texas and I think Kansas or Kentucky and a few other states. Meaning, such laws are not in the Constitution.

NOBODY in Nigeria can show any Deed of Ownership. There's some arguments about how Chapter 34 of the Constitution provides for Land Ownership in direct contradiction to the Land Use Act which is part of the same Constitution. The Chapter in the Constitution about Welfare provides that government must control the commanding heights of the economy....one of which is land.

In practice though the LUA is what is applied. For example, the law states and I know by personal experience that you must get the consent of the state governor to transfer any land. LUA is responsible for the dearth of mortgages in Nigeria and thus low home ownership in urban areas. Combined with the Petroleum Industry and Solid Minerals Act, the land laws of Nigeria are plain and simple robbery in the same way that White Europeans robbed Black Africans of their lands in South Africa, Zimbabwe and Namibia and Kenya. It's the exact same principle.

Anyway, take it anyhow you like. At the very least private control of land in Nigeria is tenuous, unstable and impaired. Most adults in Nigeria knows someone whose lands have been seized or threatened by government. It's not theoretical.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by IbeOkehie:
Love800:
Wonderful!
Tankz.
But other documents are easy to get. I think is C of O dat is hard to get.
C of O doesn't confer ownership. It gives a person a 99-year lease, revocable at will by the Governor.

No individual owns land in Nigeria.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by Love800(m): 4:50pm On Apr 04, 2024
Wow, tanks so much.
IbeOkehie:
C of O doesn't confer ownership. It gives a person a 99-year lease, revocable at will by the Governor.

No individual owns land in Nigeria.

Good Luck to Nigerians.
Re: ‘94% Of Property In Lagos Without Title’ by Gerrard59(m): 6:33pm On Apr 05, 2024
IbeOkehie:
NOBODY in Nigeria can show any Deed of Ownership. There's some arguments about how Chapter 34 of the Constitution provides for Land Ownership in direct contradiction to the Land Use Act which is part of the same Constitution. The Chapter in the Constitution about Welfare provides that government must control the commanding heights of the economy....one of which is land.

In practice though the LUA is what is applied. For example, the law states and I know by personal experience that you must get the consent of the state governor to transfer any land. LUA is responsible for the dearth of mortgages in Nigeria and thus low home ownership in urban areas. Combined with the Petroleum Industry and Solid Minerals Act, the land laws of Nigeria are plain and simple robbery in the same way that White Europeans robbed Black Africans of their lands in South Africa, Zimbabwe and Namibia and Kenya. It's the exact same principle.
Based on this argument, how come mortgages work in Singapore where most lands are leased by the government (only few lands are outrightly owned by citizens)?
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