The African real estate market is beginning to show signs of recovery and stability. In a fast-moving world, the real estate industry needs to adapt itself taking into account geopolitical, economic, societal and technological challenges. The recent economic downturn has caused the real estate sector in Africa to fall below the projected 2.6 percent regional growth. The Economic indicators show that Nigeria is gradually coming out of recession. However, balancing short-term indicators with...

SALE OF PROPERTY WITHOUT AUTHORITY Purported sale of land by persons not having legal title to it is by far one of the commonest and most dreaded evils associated with land acquisition. This is because a lot of people conjure different types of ‘title’ to the land that it takes due diligence and lots of prayers on the part of the purchaser not to fall into the wrong hands. It was always common for purported family agents to unlawfully sell family property without the consent of the head...

Anybody that has had dealings in the real estate sector in Nigeria, particularly in the urban areas like Lagos and its environs will know the numerous dirt and risks associated with land acquisition and development. Prominent among the hazards that bewitch the process of land acquisition and ownership in Nigeria is the menace of the ‘omo onile’ (as it is popularly called) which literally means ‘sons of the landowners’; the ‘ajagungbale’ (meaning one that ‘fights war to obtain...