Years ago, in 2006, the then-Governor of Lagos, Bola Ahmed Tinubu, had a plan to create Nigeria’s largest free zone in Lagos State. That’s when he established the Lekki Free Zone as a Joint Venture Partnership under the Nigeria Export Processing Zones Act, spanning about 38,000 acres of land. The enormity of the work meant Tinubu could not go far. He laid a solid foundation, which was taken to a notch higher by his successor, Babatunde Fashola. During Fashola’s administration, around 70 local and foreign enterprises signed Memorandums of Understanding and financial commitments indicating inter ..read more

The procedure to conduct search and verify land titles in Lagos State at the Land Registry cuts across different stages. The overall purpose of verifying a landed property is to check if the land has a good root of title and also to discover defects in title of the property if any. These stages involve conducting due diligence search and investigation at the following places and many other places that may apply to a particular land transaction: Conducting a search at the Land Registry, Lagos State. Carrying out a confirmation of survey at the office of the Surveyor-General Lagos State. Conduc ..read more

Expected to be commissioned by 2023, the Lekki Port which will be four times bigger than Apapa port is expected to bring in trade volume worth over $25 billion. While some investors are concerned that Ibeju Lekki will become the new Apapa, efforts by Dangote Group and the Lagos State Government have demonstrated that there is no need to be concerned about that outcome, thanks to the current road expansion project, which will include reserved lanes on each side of the road that will serve as a toll weighbridge only for heavy-duty vehicles such as tankers, container trucks, and construction tru ..read more

Purchasing a property is both exhilarating and nerve-wracking, similar to a game of poker. The stakes are high, and there are strong incentives to lie and ignore difficult facts, yet winning is always extremely satisfying. In a game of poker, no one is legally obligated to give you the truth, but in real estate, the broker is obligated to tell you the truth if he or she believes it is in your best interests. Home buyers should never rely on the seller’s information; whatever information the seller wishes to provide is good to listen to, but buyers should not assume it is genuine or legitimate ..read more

If you’ve ever bought or sold a real estate property whether a land or building, and turned to the Internet for guidance, you know there is a ton of information swirling around out there. But how much of it is good advice, and how much of it is urban legend? Buying or selling a property is one of the biggest financial decisions you’ll make in your life, which makes misinformation or bad advice all the more dangerous. But never fear—we’re here to set the record straight. Here are the most common real estate myths we hear on the job, debunked. Myth #1: Selling your property yourself will save y ..read more

While the wait for the official commissioning of the Dangote refinery goes on, investors around have constantly speculated on the potential that the refinery holds in transforming the Ibeju Lekki axis. Aliko Dangote, who now employs over 40,000 people, announced last month that he aims to raise the number of employees at the Refinery Project site to 57,000 people in the coming months. This video captures a glimpse of the volume of human resource that will relocate to Ibeju Lekki after the refinery is completed.   When fully operational, the Lekki Seaport, on the other hand, is expected t ..read more

Nigeria has a variety of cities with various strengths, including 36 states and the Federal Capital Territory. They could be classified based on different strengths ranging from agriculture to trade, manufacturing etc. While the attraction that comes with Lagos State is evident even to the blind, there still remains some other states that present very great opportunities for real estate investors. In today’s post, we will be looking at some of those cities and the kind of opportunities they present to a real estate investor. Ibadan Thanks to projects like the Lagos-Ibadan Standard Gauge Railwa ..read more

Real estate investors, particularly long-term real estate investors in Lagos, are well aware of the menace Omo-oniles’ cause. You may have experienced them or know someone who has, and the experience can be draining. Even real estate companies have fallen victim to these Omo-oniles’ schemes, as they have evolved sophisticated methods to defraud investors, such as forging title documents, surveys, and paperwork. However, here are the true life stories of three real estate investors who had encounters with Omo-Oniles (All names have been changed to protect the identity of the investors). THOMAS ..read more

WARNING: SPOILERS AHEAD. If you haven’t completed Squid Game yet, or if you think you might want to watch it later, don’t read this. Squid Game is a worldwide sensation. The South Korean drama is on course to become the most-watched Netflix show of all time, and with good reason. It’s relevant, a modern-day tale. Everyone who has seen it is completely enamored with it. However, there are vital lessons that real estate investors can learn. Again, SPOILER ALERT!!!!!!! Here are a few lessons that Real Estate investors can learn from Squid Game 1. Red light, Green Light In the game “Red Light, Gre ..read more

Real Estate is a diverse sector with several ways of investing. While most real estate investors focus on acquiring physical properties, there are a select few who choose an alternative that gives the investor to invest in a property without directly buying it. This is done through Real Estate Investment Trusts (REITs). In this post we will look at some of the advantages and disadvantages of investing in a REIT. What are Real Estate Investment Trusts (REITs)? Real Estate Investment Trusts are corporations (trusts) that operate by pooling the capital of numerous investors, in order to buy and m ..read more