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4 Dec
Lagos-to-Introduce-City-Wide-Video-Surveillance-with-13000-CCTV-Cameras

Lagos to Introduce City Wide Video Surveillance with 13,000 CCTV Cameras


The biggest cities on the planet tend to be the ones most in need of an effective security system. One feature of the modern integrated city-wide security system is the Closed-Circuit Television, or CCTV, which enables people to monitor activities from remote locations using installed video cameras. The city of Lagos will be getting its own video surveillance system starting next month if all goes to plan. The Lagos State government has indicated that it wants to boost its capacity to keep...

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4 Dec
Lagos-State-Land-Law-Prohibiting-Forceful-Entry-And-Illegal-Occupation-Of-Landed-Properties

Lagos State Land Law Prohibiting Forceful Entry And Illegal Occupation Of Landed Properties


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...

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4 Dec
Lagos-State-Land-Law-Prohibiting-Forceful-Entry-And-Illegal-Occupation-Of-Landed-Properties-4

Lagos State Land Law Prohibiting Forceful Entry And Illegal Occupation Of Landed Properties (4)


PROHIBITION OF DEMAND FOR FEE IN REGARD TO CONSTRUCTION Section 11 of the Law is by far the most popular provision of the Law. Anybody who has done construction work in Lagos and its environs has one tale or the other to tell about the notorious omo onile. They are basically hoodlums who lurk around construction areas, charge developers for every tipper of sand/cement/gravel brought to site; then, at various stages of building, they throw in more obstacles and demand payment of huge sums...

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4 Dec
Lagos-State-Land-Law-Prohibiting-Forceful-Entry-And-Illegal-Occupation-Of-Landed-Properties-2

Lagos State Land Law Prohibiting Forceful Entry And Illegal Occupation Of Landed Properties (2)


ILLEGAL OCCUPATION OF PROPERTY Section 4 of the new Law provides that a person who is occupying a property as an encroacher and fails to leave the property on being required to do so by or on behalf of the owner of the property commits an offence and on conviction shall be liable to a fine not exceeding five million naira or five years imprisonment or both. The Law extends the meaning of property to include ‘a reference to an access to the property, whether or not any such access itself...

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4 Dec
Lagos-State-Land-Law-Prohibiting-Forceful-Entry-And-Illegal-Occupation-Of-Landed-Properties-3

Lagos State Land Law Prohibiting Forceful Entry And Illegal Occupation Of Landed Properties (3)


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...

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4 Dec
Real-Estate-Investment-Secrets-Every-Young-Nigerian-Should-Know

Real Estate Investment Secrets Every Young Nigerian Should Know


I’m not wealthy yet, not by a long shot. Editors don’t earn much, and writers are paid even less, so when a client I have great respect for invited me to a real estate investment seminar last week, I wondered why. Perhaps she has seen into my future and I’m about to come into money! After all, investing in real estate is for rich, financially free people, isn’t it? Since she was inviting me on her own account, I gladly went, eager to learn something I could use in the not-so-near...

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4 Dec
How-to-Prevent-Mildew-from-Wrecking-Your-Home-during-the-Rainy-Season

How to Prevent Mildew from Wrecking Your Home during the Rainy Season


It is not only embarrassing to find mildew growing on supposedly neat clothes or furniture. It could also be unwholesome for one’s health or pose potential damage to property. The rainy season creates favourable conditions which encourage fungal growth on surfaces like cloth, leather, and wood and on damp places.Extra care is required in keeping surfaces free of mould because of an increase in moisture content in the air.Something you wouldn’t normally have to bother with if the weather...

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4 Dec
5-Things-Landlords-In-Nigeria-Might-Hide-From-Their-Tenants

5 Things Landlords In Nigeria Might Hide From Their Tenants


If you have lived in rented properties for some time in Nigeria, you know that it’s pretty difficult dealing with some landlords. As most tenants breathe a sigh of relief just because the landlord has agreed to let them in, they do not bother to enquire about many things or do not have the courage to do so as they do not want to offend the landlord. Here are 5 things landlords in Nigeria might hide from their tenants. NEIGHBOURS CAN CREATE PROBLEMS FOR YOU No landlord will ever tell you the...

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23 Nov
5-Facts-About-Real-Estate-in-Lagos-that-Will-Amaze-You

5 Facts About Real Estate in Lagos that Will Amaze You


Lagos is not the capital of Nigeria (it is Abuja). But it is still the most important city in this African country of 150 million people. Lagos still remains the commercial capital of Nigeria with all major industries operating from there. Nearly 15 million people live in this city where real estate prices are touching the sky. Here are 5 facts about real estate in Lagos that will amaze you. HIGHER RENT THAN LOS ANGELES AND NYC Rent for a 3 bedroom apartment in some areas in Lagos can go up...

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23 Nov
Dr-Doyin-Salami-Set-to-Deliver-a-Real-Estate-Market-Report-at-the-Real-Estate-Unite-Summit

Dr. Doyin Salami Set to Deliver a Real Estate Market Report at the Real Estate Unite Summit


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...

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23 Nov
Four-Things-That-Could-Determine-the-Value-of-Your-Property

Four Things That Could Determine the Value of Your Property


This might come as a shock to you. But it’s a fact. The value of property does fall (contrary to the belief held by some). Knowing what factors determine the price of land and buildings over time will help you make your property acquisition decision wisely, and avoid making a loss in real terms. Here are some things to examine when choosing the property you want to buy, or keep. Market Trends Price changes for similar goods tend to move in the same direction, and this is the case with...

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23 Nov
How-to-Buy-Property-in-Nigeria

How to Buy Property in Nigeria


Tired of paying rent weekly, monthly or annually for your home or office? Have you realised that as a bigger boy or girl the time has come to own a property of your own and fast? Do you want to avoid the hassle of buying open land and developing it? Then congratulations! Here’s the low down on how you can ‘step up’ sharply! Decide on your financials: Do you have the cash to buy this house? If you plan to take a loan, where from and how do you intend to repay? You must have a good...

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