Investing in land is one of the smartest financial moves you can make, but in Nigeria, the process can be complex if you don’t know what to look out for. Before committing your hard-earned money, ensuring that the property is legally verified and free from disputes is crucial. One major way to do this is by checking the necessary land documents. In this blog, we’ll walk you through the key documents you must verify before buying land in Nigeria to protect your investment.
1. Certificate of Occupancy (C of O)
The Certificate of Occupancy (C of O) is one of the most important documents that confirms land ownership in Nigeria. It is issued by the state government and serves as proof that the seller legally owns the land. Without this document, the land might not have legal backing, making it risky to buy.
Why It’s Important:
- It proves legal ownership of the land.
- It prevents disputes over ownership.
- It ensures government recognition of the landowner.
2. Deed of Assignment
A Deed of Assignment is a legal document that transfers ownership of land from the seller to the buyer. It is usually prepared by a lawyer and must be registered at the Lands Registry to be valid.
Why It’s Important:
- It serves as proof that the seller has transferred ownership to you.
- It provides a record of past ownership.
- It is necessary for registering your name as the new owner at the Lands Registry.
3. Survey Plan
A Survey Plan is an official document that shows the exact location, size, and boundaries of the land. It is prepared by a licensed surveyor and should be verified with the Office of the Surveyor General to ensure the land is not under government acquisition or in a restricted zone.
Why It’s Important:
- It confirms the actual size and location of the land.
- It helps verify whether the land is under government acquisition.
- It is required for processing land title documents.
4. Governor’s Consent
In Nigeria, land transactions require the approval of the state governor. The Governor’s Consent is obtained when a property with a Certificate of Occupancy (C of O) is being transferred to a new owner.
Why It’s Important:
- It ensures the government recognizes the change of ownership.
- It makes the transaction legally binding.
- It is necessary to secure a registered title in your name.
5. Excision and Gazette
Excision is the process by which the government releases a portion of land for private ownership/ community. A Gazette is an official record that lists excised lands, meaning such lands are no longer under government acquisition.
Why It’s Important:
- It confirms that the land is free from government acquisition.
- It prevents future demolition or reclamation by the government.
- It is a prerequisite for obtaining a Certificate of Occupancy.
6. Receipt of Purchase
A Receipt of Purchase is an important document that serves as proof of payment when buying land. It should be signed by the seller and witnesses.
Why It’s Important:
- It provides financial proof that you bought the land.
- It can be used as evidence in legal matters.
- It is required for future transactions involving the land.
7. Power of Attorney (If Applicable)
If you are buying land from a representative or an agent, a Power of Attorney is necessary. This document authorizes someone to act on behalf of the actual landowner.
Why It’s Important:
- It ensures the person selling the land has the legal right to do so.
- It helps prevent fraudulent transactions.
- It is required for processing land documents in your name.
Final Thoughts:
Buying land in Nigeria is a big investment, and ensuring that all legal documents are in order is crucial.
Before making any payments, verify these documents through the appropriate government agencies and seek legal advice if necessary. At Timeless Assets Limited, we make land acquisition stress-free by offering only verified and legally-backed properties.
Are you ready to invest in land with peace of mind? Contact us today to explore our secure land investment opportunities!
Have questions about buying land? Drop them in the comments, and we’ll be happy to help.