This is not the best time for property owners, real estate players, and other related stakeholders or entities in Lagos State, as the government’s recent activity has unearthed many rots, frauds and other negative acts being perpetrated by some fraudulent individual in the housing sector.>>>>READ FULL ARTICLE>>>>
Currently there are several controversies over disputed C of O and land related court cases. Buyers often find themselves with unallocated lands & houses with documents that cannot be perfected, leading to excessive complications.
Presently, demolition is in full swing and owners of multi-million naira mansions in Lekki/Ajah environs are living in constant fear not knowing whether their houses will be the next one to crumble under the bulldozer because the house they bought either has no valid government title, has questionable Certificate of Occupancy (C of O) or Governor’s Consents, absence of building plans or was built close to the canal or government easements. It may also have a court case hanging on it.
This is why it is very risky to jump on any property in Lekki/Ajah corridors of Lagos without proper verification. The following are some of the areas within the Lekki-Ajah corridor that real estate buyers must show caution before investigating on any property they find attractive.
Monastery Road Red Flags: Prospective buyers should be cautious of Monastery Road, where lands are often sold with questionable documents, fraudulent gazettes, and governor’s consents. Many of these lands are reportedly owned by the Oba of Lagos, and unauthorized sales by developers could lead to serious legal actions.
Chevron Extension: Chevron Extension, is rife with properties featuring fraudulent governor’s consents and incomplete documents. The area is also affected by cloned Ojomu Deeds of Assignment, indicating widespread property-related problems.
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Lekki County Extension Disputes: The Lekki County Extension is embroiled in controversies over disputed C of O and ongoing land-related court cases. Buyers often find themselves with unallocated lands & houses with documents that cannot be perfected, leading to excessive complications.
Behind LBS Sangotedo Dangers: The area behind Lagos Business School in Sangotedo is fraught with land sales scams, including fake gazettes and lands sold by Omoniles under false pretences as some parts there have government presence. The extent of documentation fraud in this area is alarming.
Okun Mopo and Mopo Ibeju Cautions: Dubious land sales are rampant in Okun Mopo and Mopo Ibeju, with unsuspecting buyers acquiring lands outside approved gazettes or without proper C of O.
Alpha Beach Road Risks: Alpha Beach Road, is notorious for lands sold without good documents. Buyers risk purchasing properties outside the official gazette, which could lead to regrettable investments.>>>>READ FULL ARTICLE>>>>
