Thursday, 28th March 2024
To guardian.ng
Search
Breaking News:

Legal experts advocate reduction of title registration cost

By Joseph Onyekwere
03 December 2015   |   3:45 am
PROPERTY law experts yesterday urged the Lagos State Government to reduce the cost of registering land and other property documentation so that more people can easily obtain their titles. According to them, the high fees charged by the state discourage people from registering their property, with the government losing more money that it makes. They…

PROPERTY law experts yesterday urged the Lagos State Government to reduce the cost of registering land and other property documentation so that more people can easily obtain their titles.

According to them, the high fees charged by the state discourage people from registering their property, with the government losing more money that it makes.

They made the call at a workshop on the Lagos State Lands Registration Law 2015 organised by the Department of Private and Property Law, Faculty of Law, University of Lagos (UNILAG).

A former Federal Commissioner of Works, Alhaji Femi Okunnu (SAN); former Lagos Commissioner for the Environment Dr Muiz Banire (SAN) and Dr Abiola Sanni of the Department of Commercial and Industrial Law, UNILAG said if possible, title registration should be free.

Okunnu said fees charged at the Land Registry should be minimal so that people can afford to register their properties.
“The excessive fees charged by Lagos State Government deters people from registering their documents,” he said.

Banire said if the cost is reduced, more people will register their titles and the government will earn more money.

“The government seems myopic. If you lower the amount chargeable, the turnover will even be higher than what they’re getting now,” he said.

Sanni believes registration should be very low, of free if possible, because land registration ideally should not be a primary means of making generating revenue.

said: “Ideally the purpose of registration is not mainly to generate revenue but for management/regulatory purposes, while the essence of taxation is revenue generation.”

A former Lagos Attorney-General, Mr. Olasupo Shasore (SAN) urged the state to deploy necessary human and material resources to ensure proper functioning of the land registry and land information management system.

2 Comments

  • Author’s gravatar

    A MUST READ TESTIMONY SAY NO TO AGENT OF SUGAR

    MUMMY LET PUT AN END TO DOES FRODULENT AGENT

    HELLO FRIENDs I GO BY THE NAME bayo martins PRESENTLY

    LEAVING IN LAGOS…….. I want to use this medium to thank

    and appreciate MR godwin for a successful job well don by

    connecting me to a rich and wealthy famous woman who

    happen to become my sugar mummy I never though there….

    are still true and reliable agent who can connect me because

    have been dupe times without number by different agent

    who claims to be an agent of sugar mummy and daddy

    hookup sum of them even claim to be MR godwin, But the true one is only MR, michael olatunji godwin who did a

    marvelous job even beyond my expectations, I spent

    little money but I never regreted because I got what I was

    looking for and right now am with her doe she payed me for

    the first night and she has been the one taking good care of

    me. Am so so happy and glad of having her and am proud of

    her GOD bless the day I knew MR godwin and GOD bless you all

    for reading my message If you want to contact him or you

    are about my testimony den contact the one and only MR

    godwin ON….08170142780 him via the same number Please be

    wear of fraud stars (419) because many of them claim to be

    MR godwin, the MR godwin I know uses only two phone number

    Which is 08170142780 or 08145236851 wish you success in all what you are

    doing big tanks to MR godwin and I will conitnue to testifie your

    good work IN ANYWHERE I GO IN THIS WORLD GO ON WITH

    YOUR GOOD WORK AND DONT STOP

  • Author’s gravatar

    Sterling Homes ltd selling Plots and Acres of Land

    Hebron garden estate is owned by Sterling homes Ltd and it’s
    completely free from “omo-onile” and government acquisition……….. Land
    mass: more than 10acres. Land type: dry, sandy and leveled. Location: Lekki,
    about 6minutes drive to Eleko beach and 15minutes drive to Lekki free trade
    zone. There are several notable Landmarks before the estate. These include, The
    Lagos Business School, Crown Estate, Farapark, Sapphire Garden, Green Springs
    School and Shares immediate environment with Mayfair Gardens and Beechwood
    Estate & lots more. PAYMENT PLAN FOR A PLOT: *Smart plan: Outright payment
    #2.8m. *Easy Plan: ‎#3m. Spread #210,000 for 10months after the initial deposit
    of #900,000. Contact Yemi Amodu at Sterling Homes LTD for more information:
    Plot 2, River Valley Estate, Ojodu Berger. Mobile 08136119495, 07084546154

    Havilah park and garden is an estate located about 6mins
    drive off the Lagos-Ibadan expressway. It’s about 25mins drive to Berger
    bus-stop. The estate is fenced with a gate house, and our ultra- modern
    borehole is already in place. The price of a plot is #630,000 outright, and we
    still have other installment plan also. For more information and site
    inspection call Yemi Amodu at Sterling Homes LTD: Plot 2, River Valley Estate,
    Ojodu Berger, Lagos. Mobile: 07084546154, 08136119495….

    Moriah park is situated at Agbowa, Ikorodu. The estate is
    facing the Lagos state housing scheme popularly called Fashola estate. It’s
    fenced round with a gate house and an industrial borehole has been constructed
    at the site as well. It’s selling for a promotional offer of #630,000 outright,
    though we still have other installment payment option. For more information and
    site inspection, call Yemi at Sterling Homes LTD: Plot 2, River Valley Estate,
    Ojodu Berger, Lagos. Mobile: 07084546154, 08136119495

    Gibeon park is located at Gberigbe
    area of Ikorodu Lagos. The estate is situated off Ijede road Gberibe close to Lagos
    state model college Igbokuta, The estate is fenced and gated in a serene
    environment. Its neighborhood are Egbin Power Plant, The Metro-Ferry Jetty, Wine
    Factory, barachel Park and Garden and numerous estate. For Full Plot (648sqm),
    PRICE: #600,000 outright. Flex
    plan = #150,000 initial deposit then spread #100,000 for 6months at #750,000
    total Easy
    plan = #50 monthly for 17months at #850,000 total or get an instant allocation
    at #750,000 (50% of total invoice, balance spread for 3months) For
    Half Plot (324sqm): #350,000 outright payment
    TITLE: Registered Survey and Approved Layout plan. Contact Adeyemi
    Amodu at Sterling Homes Ltd for more information and site inspections while
    it’s still available. Office address: STERLING HOMES
    LIMITED; Plot 2, River Valley Estate, Ojodu Berger, Lagos. Mobile: 07084546154,
    08136119495