Connect with us
Advertisment

news

10 FACTORS TO CONSIDER BEFORE BUYING A LAND IN IBADAN BY DENNIS ISONG

Published

on

How to Avoid Your Property from Being Demolished or Collapsing by Dennis Isong 

10 FACTORS TO CONSIDER BEFORE BUYING A LAND IN IBADAN BY DENNIS ISONG

 

Advertisment

 

 

Advertisment

 

 

Sahara Weekly Reports That In 2001, Mr. Ade bought a plot of land in a place in Ibadan called Aduloju village. Little did he know that the land spelled trouble for him. The first problem he encountered was some people coming to claim ownership.

Advertisement

 

 

10 FACTORS TO CONSIDER BEFORE BUYING A LAND IN IBADAN BY DENNIS ISONG

 

 

In the process of dragging the issue, he got to know that the person that sold the land was not supposed to and some of the documents being given were fake. He had to pay twice as much to the people that approached him just to retain the land. As if that was not enough, a few weeks after which construction had already started, soldiers from the barracks (cantonment was close to the area) laid claims to the land.

 

 

 

 

 

Instead of having a peaceful conversation, they resorted to dehumanizing any site worker found by beating the daylight out of them. This got people scared of coming to the place. Eventually, after 3 years of battles and back and forth, also parting with some money, it was resolved. Now imagine the physical, mental, and financial stress Mr. Ade went through.

 

 

 

 

 

Ibadan is almost becoming a bustling city like Lagos. People have migrated tremendously to the city over the past three years and it’s beginning to wear out a good shape of its economy.

Ibadan is known as one of the most notorious cities to buy lands accompanied by so many troubles. But you can still get a trouble-free land if you follow some steps.

 

 

 

 

 

These steps might be stressful, nonetheless, better than the stress that comes with a controversial landed property.

 

 

 

 

 

I would highlight some of the steps you ought to take.

 

 

1. Be sure it’s not owned by soldiers.

Some lands close to the army barracks are always claimed by the army. Yes, you may see people build on it but sooner or later, it becomes a great problem. Some houses in this category have been demolished over the years. One of the important things to do is to make inquiries if the army barracks are not close to such an area. If it is, there is every possibility that you also have a similar experience to Mr. Ade’s.

 

 

 

 

 

  1. Pay attention to the topography

 

Pay attention to the topography so you don’t buy land where it becomes a pain in the ass during the rainy season.

 

Another thing you need to put into consideration is the topography of the land. Some areas are swampy and highly flooded during raining season. You may not find out if you are buying the land when there is no rainfall yet.

 

If you are buying the land to build on it, find out how it is when it rains. Lands with this kind of issue are being sold to unsuspected buyers in Ibadan which becomes a pain in the neck as time goes on.

 

 

 

 

 

3. Ask for the family involved.

This shouldn’t be ignored if you are buying land in Ibadan. There is every possibility that the land you are about to buy does not belong to the people you want to buy it from. The only way to know this is when you are being attacked for building on their land just the way they did to Mr. Ade.

 

This is common in Ibadan and many have fallen for it and could continue if some steps are ignored in the process of buying land.

 

 

 

 

 

  1. The family disputes in the past

Investigate if there has never been a family dispute in the past concerning the land.

 

It is no news that land dispute exists in 2 out of 5 families. In the heat of this fracas, some unscrupulous humans may want to seize the opportunity to sell the land. This is one mistake you can make if you have not done your due diligence.

 

Eventually, you either leave the land after so much struggle or keep paying a fee that was not in any way involved during the transaction. Some cases have been recorded of people eventually abandoning the land after paying so much because the dispute doesn’t just get resolved on time and the families were beginning to go metaphysical concerning it.

 

 

 

 

 

  1. Require that they give you a complete document.

Of all the steps to take, this is the most important. Don’t just ask for the documents and rest, track them down to the state secretariat for verification or show a lawyer to confirm their authentication. Fake land documents fly around which you may not discover on time and that can cause you to lose the land in the long run.

 

 

 

 

 

  1. Do not risk buying any land that has a warning

Do not risk buying any land that has a warning no matter how convincingly genuine they market it to you.

 

You must be familiar with this inscription THIS LAND IS NOT FOR SALE, BEWARE OF 419… this is the biggest red flag. For someone to boldly put that signpost on a land, spells doom.

 

It would be a great disservice to yourself to invest in such property. Lands with such signposts are going through a bad dispute that may even involve a long-term court case that you don’t want to get caught up with.

 

 

 

 

 

  1. Verify from the secretariat if the land is genuine.

This verification is vital. Like what Mr. Ade experienced, you may experience the same if you are not sure about the rightful owner of the land. Some lands belong to the government; some are not supposed to have any form of structure, while some are on the major road but you’d not know until road construction is done. This happened to many house owners during the past regime of the late governor Ajimobi.

You can only be sure if it’s genuine by confirming from the secretariat or town planning office lest you make mistakes.

 

 

 

 

 

  1. Start building on it immediately.

This is in form of claiming ownership. Any land in Ibadan that doesn’t have any structure is easily resold. And don’t be surprised if it’s being resold by the same set of people you bought it from. We have enough cases of land being sold to more than 10 people, so you can’t afford to leave the property unattended.

 

 

 

 

 

  1. Put a warning in form of a signpost on the land.

Just like the signpost to warn you against buying a property from 419, it is advisable that you also do the same. It doesn’t make it 100% safe, nevertheless, it would still go a long way in safeguarding your property from land thieves.

 

 

 

 

 

  1. Involve a property lawyer.

In all that you do concerning buying landed property, make sure you involve a property lawyer. The lawyers do a lot for you to make sure that you are buying genuine land. As like I earlier mentioned, it is part of the job of a lawyer to see to all documents attached with the land and confirm their originality.

 

Do not buy land that doesn’t have its papers complete. Most Ibadan land sellers would try to convince you that it’s nothing, please do not succumb to their conviction and false claims. To avoid this stress, it is highly advisable to buy from a property company and not just any individual.

Also, make sure the size of the land on paper is accurate in existence before buying a land.

 

Advertisment

Business

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

Published

on

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

Advertisment

 

 

Advertisment

 

 

 

Advertisement

 

 

… as FG endorses consolidated guidelines

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector’s global competitiveness whilst stimulating economic growth.

 

 

 

 

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment

 

 

 

 

 

As disclosed during the signing, the Presidential Directives were developed and coordinated by the Special Adviser to the President on Energy, Mrs. Olu Verheijen to ensure a competitive framework for the Nigerian oil & gas industry. These Consolidated guidelines for the fiscal incentives are based on extensive collaboration across Finance and Petroleum Ministries and involved several key regulatory bodies including the Federal Inland Revenue Service (FIRS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

 

According to Mrs. Verheijen, these new measures have been designed to deliver a competitive Internal Rate of Return (IRR) for Oil & Gas Projects and attract over $10 billion in new investments within the next 12-18 months. They also underscore Nigeria’s commitment to reaching its long term oil production target of 4 million barrels per day whilst enhancing the reliability of gas supply for to boost export earnings and fuel Nigeria’s industrialization.

 

Mrs. Verheijen disclosed that among the guidelines signed were the NUPRC Guideline on Hydrocarbon Liquids Content in a Non-Associated Gas (NAG) Field, essential for accurately categorising and quantifying the hydrocarbon liquid content in these fields. Additional guidelines focused on the applicability of tax credits and allowances for Non-Associated Gas Greenfield Development and the Midstream Capital and Gas Utilization Allowance, providing taxpayers with clarity on the computation of these benefits.

 

HM Edun, in his remarks, thanked President Bola Ahmed Tinubu for signing the directive in February 2024 to engender growth in the Nigerian oil and gas sector, which had stagnated for over the last decade. He also emphasised the potential of the guidelines, saying, “The idea is to create an atmosphere conducive to international competitiveness such that investment comes in. And in this case, we know it’s foreign direct investment”.

 

The signing ceremony was attended by various stakeholders, including NNPC Limited, Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group (IPPG), further highlighting Nigeria’s unified approach toward reinvigorating its oil and gas sector.

Advertisment
Continue Reading

Education

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

Published

on

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

Advertisment

 

 

Advertisment

 

 

 

Advertisement

 

 

Sahara Weekly Reports That The Federal Government has reportedly shut down Lead British School following the bully of a student named Namitira in the Abuja-based institution.

 

 

 

JUST IN: Government Shuts Down Lead British School Over Student’s Bully (VIDEO)

 

 

 

 

Two videos showing the student reportedly named Namtira being manhandled went viral on social media on Tuesday.

 

 

 

 

 

 

 

In one of the videos, the victim was seen being slapped repeatedly by another female student while asking “Who broke my heart?”

 

 

 

 

 

 

 

In another video, the victim was seen sitting next to a male classmate who was heard saying “I spoilt her relationship”.

 

 

 

 

 

 

 

Furthermore, the minister of women affairs has visited the school to address the situation. In a follow up video recorded this morning, the culprit was seen being slapped by a woman who is said to be the victim’s aunty.

 

 

Advertisment
Continue Reading

news

Meet the Nigerian prophet that prophesied the climatic disaster in Dubai and Oman

Published

on

 

Advertisment

 

By Collins Nkwocha

Advertisment

 

The prophetic Hall of Fame, prophet Godwin Ikuru of Jehovah Eye Salvation Ministry, Lagos has established himself as a global prophet, giving accurate and precise prophecies to nations, individuals,continents and organisations.

 

Advertisement

Nigerians will never forget how he enunciated that Tinubu was going to rule Nigeria,a lot of people and prophets made him their enemies and even threatened to him because of that,but God will always fulfil the words of his prophets as Tinubu finally emerged the president despite all the antagonism.

On the 31st of December when this great prophet was dishing out his prophecies for the year 2024,he said categorically and emphatically that the Asian countries will experience a lot of climatic disasters this year.Oman had a very heavy rain that killed 18 people,it included at least nine schoolchildren and their drivers whose vehicle was washed away by the floodwaters.

UAE witnessed the heaviest recorded rainfall in history,this is really alarming as the rainfall caused a lot of havoc.Only the prophetic Hall of fame, prophet Godwin Ikuru saw all these coming.

Advertisment
Continue Reading

Cover Of The Week

Trending