09/07/2014
Logic To Use In Buying Land From Omo-onile In Lagos.
Buying land from Omo-Onile is very risky as everybody believe,but have you ever think about this?
Omo-Onile means the first settler in a particular location,lot of them migrate from a particular area either to come and farm or to settle,civilization bring development to them,they realised,they can make money with what they have. Buying land through them is one of the ways which land can be bought in Nigeria,lots of land where we live presently are bought by some of our landlords through Omo - Oniles.Many of the landlords have not even process their titles till today.Ask them what titles they have,the only answer they give you is Receipt and Survey. from who?
From so call the Omo-Oniles, my father own a house in Surulere area of Lagos,the last time i asked him what is the title he has on our house,he said receipt and survey. I asked him to show me and it took him 3 hours before he could bring it out where he kept it in his room.The receipt and survey looked old because the property is almost 36 yrs old,a year older than me!
How can you buy land without future problem,either with them or with the government?
1. Before buying,do your research at the land registry to know if where you are buying is not an acquisition land, once it is free from any government acquisition, go ahead and buy.Use land experts e.g. Land Consultants and Lawyers
2. Use good estate agent within the location where you want to buy. There are still God fearing agents. I mean the real ones that can get to the family that is selling easily.
3. If you do not have money for immediate development, don't buy. At least you must be able to do the perimeter fencing of the whole land.This is because of encroachment on your land. Mind you, if it is not govt land, some of these boys can still sell part of it to somebody else if available.
4. Do the perimeter survey of your land.
5. Use a good lawyer to prepare a power of attorney for the key member of the family to sign.Both the parties will sign
6. Approach the state govt for the processing of the C of O .This can take some period of time before you can get it done.A lot of land owners and developers that are selling land in this area,this how they go about it.
