Land Title Transfer Documentation / Registration / Procurement Services in Nigeria

Real estate remains one of the most stable assets capable of value appreciation in the economy of a country like Nigeria. But the acquisition of interests or titles in land and landed properties in Nigeria(be it in the form of assignments, mortgages, transfers or leases) remains an area fraught with many legal landmines requiring efficient professional guidance.

The law firm of I.OGBUKA LEGAL renders the following services:

Frequently asked questions

You can determine the legitimacy of a land title by simply instructing your lawyer to carry out a due diligence search on the piece of land.

By virtue of the Land Use Act, all land in a state is reserved under the legal ownership of the state governor who has the power to exempt certain lands, particularly in rural areas, under the ownership of the community typically made up of its indigenes that can sell portions of the excluded land area.

 

Consent fees are charged at 1.5% of a  land transaction value minus another 1.5% for stamp duty and title registration costs and minus legal fees and other costs.

It simply means you bought a faulty title to the piece of land in the first place. However, the state government can allow a purchase of an acquisition to stand by ordering a process known as ratification which simply means paying for the piece of land again, this time directly to the state government.

However,if the piece of land is an acquisition-commitment (a piece of land earmarked by the government for a particular purpose), there is no hope of recovering the landed property purchased by you.

No it is, despite this being a commonplace practice in Nigeria. A power of attorney for consideration is however a registrable encumbrance on land in Nigeria.

No,you cannot. Direct individual foreign ownership of real estate is not allowed currently in Nigeria except through the use of a company registered in Nigeria.

 

The law firm of I.OGBUKA LEGAL charges negotiable hourly fees, one-off fees, percentage fees and continuous or segmented fees for services rendered based on a fee scale regulated by the provisions of the Legal Practitioners Remuneration Order 2023 regarding fees for land matters as well as other considerations such as :-

a). The complexity, difficulty or novelty of a brief.

b). The level of skill,labor, experience, specialized knowledge & responsibility required on the part of a legal practitioner.

c). The amount, diversity, technicality & importance of documentation prepared or perused.

d). The location & circumstances in which a legal service is rendered.

e). The turnaround time required by a client for the completion of a brief.

f). The monetary value of a brief ‘s subject matter(such as the monetary fee value of a regulatory license).

g). If both parties to a land transaction are being represented by one lawyer or two different lawyers.

The firm of I.OGBUKA LEGAL in addition to the above operates different legal fee categories for Nigerians resident in Nigeria, Nigerians residing abroad, and foreigners. The firm’s fees are always quoted as being separate from costs and disbursements associated with carrying out a brief.

To have an idea of the fee scale prescriptions by the Legal Practitioners Remuneration Order 2023 for lawyers of at least 10 years standing at the bar for a range of services relating to land/property document procurement, click HERE. Note that the fee prescriptions contained in this link do not constitute an inducement or solicitation,are not reflective of the exact fees charged by the firm for services and are in fact in some cases,subject to review depending on each client and within the boundaries of the Legal Practitioners Remuneration Order.

Ready to Get Started?

Click on the whatsapp button below to contact us via whatsapp chat. For more questions and enquiries, Please send us an email by clicking the enquiry button

For Enquiries

Send an email to the firm via the address below

Email Address

info@ogbukalegal.com

Ready to Get Started?

Click on the button below to contact us via whatsapp chat

****DISCLAIMER****

 This advertisement is not a solicitation and is in compliance with the provisions of Rule 39 of The Rules of Professional Conduct (RPC) For Legal Practitioners In Nigeria 2023.

Scroll to Top