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Understanding Property Titles and Documents in Nigeria by Dennis Isong

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Understanding Property Titles and Documents in Nigeria by Dennis Isong

 

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Sahara Weekly Reports That Being a property owner in Nigeria is a big accomplishment and a wise investment. But managing the complexity of property ownership necessitates a thorough comprehension of papers and property titles. These records are vital for preserving property rights since they act as official proof of ownership. This article explores the several kinds of property titles and documents that are available in Nigeria, their significance, and the ways in which they support safe real estate transactions.

 

 

 

 

Understanding Property Titles and Documents in Nigeria by Dennis Isong

 

 

 

1. Certificate of Occupancy (C of O):

A Certificate of Occupancy is perhaps the most crucial document when it comes to land ownership in Nigeria. It is issued by the state government and serves as proof of ownership and the right to use the land for a specific purpose. The process of obtaining a C of O involves the applicant submitting an application to the state government, which then conducts due diligence to verify the legitimacy of the claim to the land. Once issued, the C of O grants the holder exclusive rights to use and develop the land.

 

 

 

 

 

 

2. Deed of Assignment:

 

A Deed of Assignment is a legal document that transfers ownership of property from one party to another. It typically outlines the details of the transfer, including the names of the parties involved, a description of the property, and any conditions or considerations attached to the transfer. This document is crucial for formalizing the sale or transfer of property rights and should be duly executed and registered with the appropriate government authority to ensure its validity.

 

 

 

 

 

 

 

 

 

3. Deed of Conveyance:

Similar to a Deed of Assignment, a Deed of Conveyance is used to transfer ownership of property. However, unlike the Deed of Assignment, which is commonly used for the transfer of leasehold interests, the Deed of Conveyance is used for the transfer of freehold interests. It is typically executed between the seller (grantor) and the buyer (grantee) and includes details such as the purchase price, description of the property, and any covenants or warranties.

 

 

 

 

 

 

 

 

 

4. Survey Plan:

A Survey Plan is a document that shows the accurate boundaries and measurements of a piece of land. It is prepared by a licensed surveyor and is essential for verifying the exact location and dimensions of a property. A Survey Plan is often required during the process of obtaining a C of O or when transferring property ownership to ensure that there are no boundary disputes or encroachments.

 

 

 

 

 

 

 

 

 

5. Power of Attorney:

A Power of Attorney is a legal document that grants someone else the authority to act on behalf of the property owner. It is commonly used in situations where the property owner is unable to handle their affairs due to illness, absence, or other reasons. A Power of Attorney can be limited or general in scope, depending on the specific powers granted to the attorney-in-fact.

 

 

 

 

 

 

 

 

The Significance of Property Titles: Safeguarding Your Investment

 

 

Legal Ownership:

Property titles serve as incontrovertible evidence of legal ownership. They establish the rightful owner of the property and delineate the boundaries of their ownership rights. Without a valid title, one cannot claim ownership of a property, leaving them vulnerable to disputes and challenges regarding ownership.

 

 

 

Protection of Property Rights:

Property titles provide protection against encroachments and unauthorized claims to the property. They offer a legal shield against potential disputes, ensuring that the owner’s rights are recognized and respected by others. With a clear title, property owners can confidently assert their ownership rights and defend against any attempts to infringe upon them.

 

 

 

Facilitation of Transactions:

Clear and valid property titles facilitate smooth and efficient real estate transactions. When buying or selling property, a clean title provides assurance to both parties that the transaction is legitimate and free from any encumbrances or defects. It instills confidence in buyers and lenders, making it easier to secure financing and close the deal.

 

 

 

Legal Certainty:

Property titles provide legal certainty by establishing a chain of ownership that can be traced back through time. They document the history of the property, including previous transfers of ownership, mortgages, liens, and other encumbrances. This historical record ensures transparency and clarity regarding the property’s status, enabling informed decision-making by prospective buyers and lenders.

 

 

 

Access to Legal Remedies:

In the event of a dispute or legal challenge regarding property ownership, a valid title provides the basis for seeking legal remedies and resolution. Property owners with clear titles can avail themselves of legal avenues to defend their rights and rectify any discrepancies or irregularities affecting their ownership. This access to legal recourse is essential for protecting investments and preserving property rights.

 

 

 

Peace of Mind:

Perhaps most importantly, property titles offer peace of mind to owners, knowing that their investment is secure and their ownership rights are legally recognized. With a clear title in hand, property owners can confidently enjoy the benefits of homeownership, such as occupancy, development, and transferability, without fear of adverse claims or challenges.

 

 

 

The Implications of Not Acquiring Property Titles in Nigeria: Risks and Consequences

 

 

 

 

Lack of Legal Ownership:

One of the most significant implications of not acquiring property titles is the lack of legal ownership. Without proper documentation, individuals cannot assert their ownership rights over the property, leaving them vulnerable to claims by other parties. This lack of legal ownership can lead to disputes, litigation, and the loss of investment in the property.

 

 

 

Insecurity of Tenure:

Property titles provide security of tenure, guaranteeing the owner’s right to occupy and use the property without fear of eviction or interference. Without proper titles, individuals face uncertainty regarding their tenure, making them susceptible to arbitrary eviction or displacement by third parties claiming ownership rights. This insecurity of tenure can disrupt lives, businesses, and communities, leading to social and economic instability.

 

 

 

Difficulty in Transacting:

Acquiring property titles is essential for facilitating real estate transactions, such as buying, selling, or leasing property. Without clear titles, individuals encounter difficulties in transacting, as potential buyers or lenders may be reluctant to engage in deals involving properties with uncertain ownership status. This can impede economic development and hinder investment in the real estate sector.

 

 

 

Limited Access to Credit:

Property titles serve as collateral for obtaining loans and credit from financial institutions. Without proper titles, individuals have limited access to credit, as lenders are unwilling to accept properties with unclear ownership as collateral. This lack of access to credit hampers economic growth and development, as it constrains individuals’ ability to invest in property development and other productive ventures.

 

 

 

Vulnerability to Fraud and Exploitation:

In the absence of property titles, individuals are vulnerable to fraud and exploitation by unscrupulous actors seeking to exploit their lack of legal protection. Fraudulent schemes such as land grabbing, forgery of documents, and illegal sales thrive in environments where property titles are not properly established. This exposes unsuspecting individuals to financial loss and legal entanglements.

 

 

 

Legal and Regulatory Risks:

Failure to acquire property titles exposes individuals to legal and regulatory risks, as they may be in violation of laws and regulations governing property ownership and transactions. Government authorities may take enforcement actions against individuals occupying or developing property without proper titles, leading to fines, penalties, or even demolition of structures.

 

 

 

 

Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041

 

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Governor Bulldozes Parliament And No One Bothers? By Felix Oboagwina

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Governor Bulldozes Parliament And No One Bothers?

By

Felix Oboagwina

I care little for former Rivers State’s Governor Nyesom Wike and the 25 pro-Wike lawmakers in the State House of Assembly. However, in their current quarrel with the incumbent Governor Simi Fubara (the godson who succeeded Wike), only one factor works against Wike in the court of public opinion: In the 2023 elections, the Rivers strongman worked for the emergence of Bola Ahmed Tinubu as President; and Tinubu has today raised Nigerians’ pain and poverty to record proportions! President Tinubu’s failures solely win for Fubara massive support in this lingering faceoff with Wike, his erstwhile godfather, predecessor and current Minister of the Federal Capital Territory.

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Governor Bulldozes Parliament And No One Bothers?

By
Felix Oboagwina

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This colourless former Rivers State Accountant-General emerged as the Dark Horse and clinched the Rivers governorship completely by the grace of Wike. How? In the penchant of political godfathers to prepare for themselves a soft post-office landing, by planting spineless acolytes as successors, Wike manipulated Fubara over far popular and formidable aspirants, and handed him PDP’s Rivers State governorship ticket. Wike financed all the campaigns, swayed the rostrum with his oratory and persona, brought in the votes and handed Fubara the election on a platter of gold. But talk of Karma. Not only has Fubara turned around to bite the fingers that moulded him, he has injured Democracy in the most unimaginable fashion.

Fubara Speaks On Tinubu's Intervention In Rivers Crises

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As the Yoruba say, the new king devours the kingmaker first. Fubara turned against Wike and rubbished him. Not done, Fubara, late 2023, stormed the Rivers State House of Assembly (having majority 25-7 as Wike PDP loyalists), with police firing gunshots and water cannons to keep the rampaging Governor at bay!

His supporters thereafter set ablaze the Parliament building.

Fubara then sent the demolition squad to bulldoze the entire complex to smithereens.

Every single one of these anti-legislative steps amounted to a desecration of Democracy and an assault on a sacred institution of popular government. It amounts to treason!

This much President Tinubu told Fubara to his face when the First Citizen brokered peace between these gladiators. The Parliament, everywhere, exists as the truest representation of the people and the incontrovertible custodian of Democracy. Whereas the Executive and the Judiciary exist in other forms of government (autocracy, military, monarchical), the Legislature’s participation distinguishes Democracy from all of them. Thus, demolishing its habitation connotes the highest threat to Democracy. The Congress is an institution; and we have always mouthed the need to build strong institutions as opposed to strong politicians.

Fubara went further. Most recently, he AGAIN stormed the makeshift accommodation that the Rivers Parliament resorted to at the Assembly Quarters. Then, on May 10, “Emperor” Fubara enacted an Executive Order to force the House of Assembly to hold its sittings inside the Government House! Sacrilege! Whatever happened to the Doctrine of the Separation of Powers?

Imagine the contradiction. An Executive Order passed on the Legislature! The Executive ORDERS the Legislature! How can? Nowhere does the Constitution place the control of the Legislature (and the Judiciary) under the Executive.

These assaults the Rivers State Legislature has endured.

Pray, who advises this guy?

The Legislature is made so potently powerful that the Constitution allows it to overrule the Governor and railroad a Bill into law without his consent.

Section 96(5) says:

Where the Governor withholds assent and the bill is again passed by the House of Assembly by two-thirds majority, the bill shall become law and the assent of the Governor shall not be required.

Even the budget of the Legislature, like that of the Judiciary, goes by first-line charge, all in order to ensure its independence and the Separation of Powers.

How can a Governor with the vast resources at his disposal prove incapable of lobbying, courting and winning over the State House of Assembly, and instead His Excellency resorts to thuggish, strong-arm tactics? You wonder what terror this character wouldn’t unleash if backed by a Rivers State Police Force completely at his beck and call!

Fubara-Wike’s wahala factionalised the House of Assembly 25 to seven and the Accountant-General-turned Governor chose to work with the minority, in clear violation of Section 96 that says:

(1) The quorum of a House of Assembly shall be one-third of all the members of the House.

(2) If objection is taken by any member of a House of Assembly present that there are present in that House (besides the person presiding) fewer than one-third of all the members of that House and that it is not competent for the House to transact business, and after such interval as may be prescribed in the rules of procedure of the House, the person presiding ascertains that the number of members present is still less than one-third of all the members of the House, he shall adjourn the House.

The majority of Rivers legislators, for political expediency and most likely to take cover under the Federal might, crossed carpet to the ruling APC.

Commissioners are resigning from Fubara’s cabinet, citing the toxic atmosphere working with him.

The 23 local government chairmen have drawn a battle line with him.

All these could be predictable because most of those officials owe their emergence in office and pledge loyalty to Wike. They all jumped ship after Fubara, egged on by whomever, flung reconciliation with Wike against the rocks.

Contrary to President Tinubu’s peace agreement that Fubara and Wike’s group signed December 2023 at Aso Rock, the Governor refused to re-present the 2024 budget to the State House of Assembly, continuing to work with an illegal Appropriation Act passed by a mere seven out of 32 lawmakers. This he did even when, in the spirit of that agreement, the majority Wike group of legislators withdrew their lawsuits against him and aborted impeachment proceedings on the understanding that the budget would be properly presented for passage.

Bottom line? The crisis in Rivers goes beyond a Fubara-Wike brouhaha. It queries the very essence of Nigeria’s Democracy and the sanctity of the Nigerian Constitution. Everyone taking sides does so with the mentality of “the enemy of my enemy is my friend.” But power corrupts and absolute power corrupts absolutely. Those beating the drum for Fubara’s dance of madness are pushing Nigerian Democracy to ride the back of a tiger. How do you end the ride without Democracy ending up as a meal down the tiger’s throat? If Fubara’s style of burning, demolishing and choking the Legislature becomes a culture, then what fate befalls this Democracy? If the President takes a cue and chooses to tackle the National Assembly in a similar style? What species of Legislature will the Upper and Lower Chambers turn to, being Executive-ordered to perform legislative duties right inside the Aso Rock Villa, under the nose of the President?

The problem that lovers of Democracy must tackle is stopping Fubara becoming a role model for how the Executive can emasculate and stifle the Legislature’s independence at the state and Federal levels. Or are we going to let Fubara get away with this abuse of the Parliament because of the disdain we nurse for his adversaries, Wike and Tinubu?

OBOAGWINA IS AN AUTHOR, JOURNALIST AND PUBLISHER, REACHABLE VIA: foboagwina@gmail.com

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How Pro. Kingsley Accurately Predicted Death Of Iranian President Raisi

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How prophet Kingsley Aitafo Accurately Prophesied Sisi Quadri death

How Pro. Kingsley Accurately Predicted Death Of Iranian President Raisi

 

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The prophetic grace upon Prophet Kingsley Aitafo is unquestionable as one of his international prophecies has come to pass again.

 

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Months back, he gave a prophetic warming about the untimely death of Iranian president, Raisi. He also warned that his seat will be taken over by his vice president.

Interestingly, his prediction came to pass as Iranian President Ebrahim Raisi, a hardliner seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, was killed when his helicopter crashed in poor weather in mountains near the Azerbaijan border, officials and state media said on Monday.

 

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The charred wreckage of the helicopter which crashed on Sunday carrying Raisi, Foreign Minister Hossein Amirabdollahian and six other passengers and crew was found early on Monday after an overnight search in blizzard conditions.

 

Supreme Leader Khamenei, who holds ultimate power with a final say on foreign policy and Iran’s nuclear programme, said First Vice President Mohammad Mokhber, would take over as interim president, the official IRNA news agency reported.

 

 

“I announce five days of public mourning and offer my condolences to the dear people of Iran,” Khamenei said in a statement. Mokhber, like Raisi, is seen as close to Khamenei.

 

How Pro. Kingsley Accurately Predicted Death Of Iranian President Raisi

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Prophet I O Samuel Prophecy on “A” And “N” fulfilled

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Prophet I O Samuel Prophecy on “A” And “N” fulfilled

….. Challenged Christians across the Globe to Pray against unexpected plane Crash

 

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The world woke up to the news of the death of the Iranian president, who died in an helicopter craah in his country. Prophet I.O Samuel of Shiloh Word Chapel in Abuja.

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In a service attended by a lot of congregants on Sunday 12th, November, 2023. He asked his congregation to pray against plane crash from then till 2024.

In the now viral video seen by our reporter he said “ The angels destroyed one plane crash, the other plane can not land. Please pray for country that start with A and end with N and also country that starts with N and ends with A. Projection on air crash has been destroyed before, let’s pray more till 2024”

These are his prophetic words which came like a parable as it finally came to pass as people never suspected that such tragic occurrence would take place. The respected president of IRAN died in an helicopter crash.

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It will be recalled also in America a country that starts with A and would involve a Nigerian National.

On Saturday February 10th, was a black day all over the world as the CEO of Access Holdings died in a helicopter crash in America, involving a Nigerian a country that starts with N and ends with A.

Prophet I.O Samuel, is renowned for his fervent prayers of mercy and intercession for Nigeria and also for the citizens.

But like the word of Jesus Christ in the Holy Bible that says “A prophet is not without honour, but in his own country, and among his own kin, and in his own house”

The tragic occurrence would have been averted if people had heeded the warnings and call to pray by the man of God.

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