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- เผยแพร่เมื่อ 27 พ.ค. 2021
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Join me, as I break down the step-by-step process with the help of a legal expert. From negotiation and research to deal of assignment, survey, and post-perfection stages, we cover it all! If you've ever wondered about purchasing land in Nigeria, this guide is for you. Plus, check out the link to my previous video where I showcase the 10 acres of land I recently purchased. Land is an investment that appreciates over time, so let's dive into this insightful journey together.
If you are interested in investing in land for as low as $500. Reach out to me using this form.
www.cognitoforms.com/Fitbizte...
1 plot = $500
1 Acre - $3,000
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Would this lawyer be willing to share his contact?
Section 1 of the Land Use Act serves the function of "eminent domain" in the UK where even freehold property can be revoked for "public purposes".
Certificate title is "prima facie" evidence of ownership. My point is virgin lands are safe to acquire in Nigeria.
There’s no such thing as virgin land in Nigeria. All land belongs to the government/ state government due to changes in the law around 1978. The government recognises that ethnic nationalities/ tribes unofficially lay claim to what they perceive as their historic ancestral Land and so will make it easy for these tribes to Officially (Legally) own their land. To own their land legally these tribes have to go register the land in government house and receive a Certificate of Occupancy. This register is called the gazette. The Gazette records the land belonging to the tribe and the land the government kept for itself. Tribal land registered by tribes (gazetted) and for which they receive Certificate of Occupancy is safer to buy than unregistered tribal land. The reason why tribally gazetted land is safer to buy is due to the fact that when tribes go to register their land the government sometimes don’t let them register all the land, the government sometime keeps some of the tribes land for itself. The part of the land government reserves for itself is called LUGA or Land Under Government Acquisition. The part owned by the tribe is said to have been Excised to them by the government and they receive Certificate of Occupancy. If you ignorantly buy from the Tribe a pieces of the land that government reserves for itself (LUGA) you run a high risk of loosing the land when or if the government decides to use the land at some point in future.
You can still buy land reserved by the government for itself if you make official enquires and the government lets you know that it has no plans for the land and that you may buy some of it (Excised or cut to you). If the government lets you buy this land you’ll be given an Excision, it will be registered (gazetted) and you’ll receive a Certificate of Occupancy title. If you buy land from the tribe that the tribe registered with government (gazetted) and for which they received a Certificate of Occupancy the tribe can also issue you their own Certificate of Occupancy title since they legally own the land.
Note that the process of Tribe, Community, Companies, individuals getting land officially endorsed to them by government through government Excision, Gazetting and receiving certificate of occupancy is long and tedious. It requires Tribes, Community, Companies, and Individuals and so on hiring layers or sponsors etc who will then lobby the government on their behalf. Even when government is ready to listen and do what is asked of it, Tribe, Community, Company, Individual etc will need to have all the necessary officials present at the Land registry and Surveyor Generals office. The government will then need to send its representatives to the land to establish relevant beacons and demarcations that separate the land government want to keep for itself from land that Tribe, Community, Companies, individuals etc are Claiming (tribe/Community) of wanting to purchase (Companies individuals etc). This period can be classified as Excision in Process and could take a very long time ,
Akpo, first of all I want to start by thanking Bayo for doing his due diligence on the land and secondly like you mentioned government can decide whatever they want on the land you bought after 99 years or even earlier in some cases (eminent domain). Buy the land and hope for the best. Akpo and Bayo thank you for the information.
Hello Mr Akpo. Thanks for chiming in.
Here is what i have learned. Legally and theoretically speaking, all lands in Nigeria are held in trust by the government for the benefit of all Nigerians. In practice however, it is misleading to think that there are no virgin lands in Nigeria especially in extreme rural and underdeveloped communities.
First, the illiteracy rate in the country is at all time high. Thus, the people are less concerned or ignorant of registering their lands as required by law. But this doesn't mean they do not own the land. Even where it is registered, the owners are still with the legal right to sell the land not the government. Hence, if we keep ourselves bound or limited by this, then lots of transactions with amazing opportunities may be denied (
Although, there is a risk associated with this, the risk is mitigated by ensuring due diligence to the extent that the true sellers of the land are the owners and that the land is not under government acquisition.
The step for us is to register the land with the government and acquire the C of O . We already went through the survey process with the licensed surveyor
Thank you! that is the most important thing. due diligence first and then registering the land with the government I to solidify things.
Wow that's a big process and great content to know...... thank you for that.
Akpo, I would also say that Bayo would not have gone into this with his eyes closed. Given the nature of Nigerian land, it's a process and definitely lots of homework and research involved.
Bayo pretty onto it from what I've learnt and observed through his videos. He doesn't strike me as the sort to mislead people astray, if you watch his videos it speaks for itself. I am wrapped that he's doing the home work for me for when I move to Nigeria. And when our boarders open here in Australia I know exactly what I'm walking into. I also think Bayo is very respectful and a proud of his Nigerian heritage as shown again throughout his videos. So that's all I want to say as a foreigner. And no disrespect to you Akpo, I love your wealth of knowledge and experience in this field. Thank you too, and I've married a Nigerian he's from south east, Igbo land.
This was super helpful. Thank you for sharing this gold. This should be a course already or a book.
Hi Bayo
Your channel is educative on real life situations thank you for letting it all out
Thank you
I am knew here
Thank you very much and welcome tot he family! I hope you have subscribed.
Thanks Bayo for sharing this info
Awesome content. Thanks, Bayo!
Thank you so much for this information!👍🏾👍🏾💯
Great content
Very informative, thanks for sharing
Hey Sagamu is my hometown. Loving your content.
Great information! We appreciate you taking the time to educate us. I'm definitely looking into purchasing my own land. I'm currently in America.
Make me your plug for your land purchases in Nigeria
It would be a good idea to give the land prices.
This lawyer is very professional and went all in details. Not a lot of them around
Thank you very much for this helpful information
My pleasure
My favorite TH-camr
Thank you!
I love your channel. You truly give awesome information
I appreciate that!
Thank you Bayo, for sharing this information! Thanks to your lawyer as well.
My pleasure
Hello I always enjoy watching all you have to present. Very detailed and knowledgeable. Thanks and keep up the good job.
Thanks, will do!
Hi my lovely brother. This is so awesome. Love you my brother. ❤🌍👑
love you too bro. thank you!
Great content Bayo, I really enjoy your videos, are you able to share the lawyer's contact if I am interested in using his services.
You have blessed others with this content and so shall you also be blessed🙏🏿
Thanks
No problem
Bayo, you should do a video about the history of land in lekki like the lawyer mentioned at 30:00 I think it will be very interesting.
ooooh great idea!
I am new to your channel and I love it. Thanks, for your honest approach and helpful information. Please, continue. My family and I are moving to Nigeria, so your videos really assist. I look forward to them. Thanks!!!
Awww Thank you so much :)
Good news, I already completed the form last month, what's next. I'm interested in one acre. Thanks for your hard work.
Please send me a whatsapp message at +2348097907312
Gr8 job Bayo!... how does one be part of this please?..thank you again
Excellent. I really appreciate your vlogs. Fantastic content. Please keep up the good work. I am literally touring Nigeria with you. Please consider doing some on Abuja.
Great video- So first settlers are what is referred to as "Omo ni le" (sp)?
That is correct
My guy let's talk oo!
im ready oooh. did you fill out the form. you should have got an email with my whatsapp #
@@thenigeriannomad Done!
Thank you for the information. I got your email and you will be hearing from me. Stay blessed
Was up brotha :)
Great job for breaking down all the stages. What about lands in Abeokuta? Thanks for everything.
I can help you you with safe land with good government document in Abeokuta
That's if Mr. Bayo is good with it
Hey good day
Thank you so much for the information
Please can your lawyer share his contact ??
Hello!
For immediate Inquiries and any immediate questions:
☎ WhatsApp:: +234-915-740-2945 (Chat and voice note first, then Call)
Email: lightshineinvest@gmail.com
Thank you!
I wish you the best with this purchase. Buying land I Nigeria is so risky. I know folks who lost land to military officers. Oh well. Things have to get better, so land ownership is standardized.
Do u have a place to research on the property and if it is legit
Can you give us an update on entering Germany from the USA??? I’m traveling in two weeks.
I think it is probably best to call the airline or go to the airline's website for that info.
You take covid tests. Antigen is valid for 48hrs while PCR is valid for 72hrs OR you take the vaccine, complete the dose at least 2weeks before departure
Does the price include title (C of O)?
I am getting a global C of O of the land. you wont be eligible to get that. Just a deed of assignment from me. And that fee is included.
I really want to be a part of this Bayo, please what’s the process?
I’ve not been able to see the previous video you mentioned.
I wish I could talk to the lawyer guy. I have a land and I’d like to sell it.
Wonder if he could help me with the process.
Thank you.
Where is your land located and how many acres?
Bayo already put down a form in the description box why not reach out to him there and then take things further.
@@Ynotbuildit It’s not an acre, but just a plot of land.
@@The_Cruise_Fam Oh okay, i have someone that was looking to buy some acres of land, thank you.
Please, where is the land located in Sagamu? I'm interested in buying 2 acres.
Where’s the land located in ogun state
Its called Ajebo under the Owode Obafemi LGA
Hello
hi
@@thenigeriannomad Please I wanted to ask you about land in Ogun State
How can I by landing in American money
you work with someone like me and i help you convert the money
Share your lawyer information: Good for his business
It's intentionally not shared
Please, where is the location of the land in Nigeria?
Kobape in Ogun State
How can I your lawyer's contact? For further information... please.
he has an exclusive deal with us. but you can contact me for any needs you have.
Can you share the contact details for the solicitor.?
We are trying to conduct verification for some land in lekki area.
A big issue in Nigeria is that people try to sell off land receive payments for lands that they have no legal rights to.
Buying land in Nigeria is rather more straightforward and transparent than buying land elsewhere in Africa. After 99 years the land is still largely yours. Your offspring or relations merely need to renew documents, if at all. You’re relations are favoured and not charged.
what do you need help with ?
all i care about is i also own part of this wonder
LETS DO THIS!
How much cost
17 mil
Please can connect me. I am interested in buying a land. Thank you. Great job.
sure. whatsapp me please at +2348097907312
@@thenigeriannomad I'm interested in purchasing land who do I contact and am I allowed to purchase land in Nigeria I'm Australian and I live in Australia thank you Bayo awaiting your response
Ever since I found out about the Land Use Act 1978, I've been wary about buying property in Nigeria. Any land purchased is never really yours and can be grabbed by the government at any time. The maximum tenure you are allowed to occupy that land is 99 years after which you (or your children) will have to re-purchase it from the govt at a new "unspecified" rate.
it cannot be grabbed by the government at anytime without compensation. but yes the 99 years clause is there. i think you might just simply need to renew.
@@thenigeriannomad imagine "owning" a piece of land that your descendants must continue to pay for after your demise..
After 99 years you pay a some percentage of original sum for renewal.
@@thenigeriannomad I called you so many times but your phone swiched off. How can I call you.
In Canada, you pay tax yearly on your house. If it’s just a land, you pay tax also. I’d say Naija system is way better
Please i need the lawyer's number for my property. Thanks
All contacts has to go through me. what do you need ?
@@thenigeriannomad hello bro. I would need a lawyer to verify the legitimacy of my interested land, conducting necessary checks, inspect the land, etc
@@thenigeriannomad Hello Bayo. I need the service of your lawyer for a land I want to purchase from an estate agent. Can you please share his contact details with me?
BAYO (PLEASE KINDLY SEND US THE CONTACT OF YOUR LAWYER AS WE WOULD LIKE APPOINT HIM TO ACT ON OUR BEHALF ) OUR CONTACT
You would have to go through me. he has an exclusive contract with us.
@@thenigeriannomad no problem
@@thenigeriannomad send me your contact
Bayo please name of your lawyer and phone number is very good