DEED OF ASSIGNMENT AS A MEANS OF TRANSFER OF REAL PROPERTY IN NIGERIA, ISSUES, CHALLENGES AND PROSPECTS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: FOOTNOTE / ENDNOTE
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
Acquisition of real property in Nigeria is a right enshrined under the constitution of Nigeria 1999 (as amended). Transaction in land formed part of the economic sector of the country. Transfer of interest in land or acquisition of real property can be through state grant, gift, purchase (conveyance), inheritance (probate) and allotment of family land. Of all these means of acquisition real property in Nigeria only purchase and gift are demanded to be by deed. This factor gravel affects the titles acquired by customary grant, probate, state grant and allotment of family land. As a legal requirement transfer of interest in land must with up with the requirement of governor‟s consent o the state were the land is situated or the local government authority within jurisdiction. The law also requires payment of stamp duties and the registration of the instrument (deed of assignment). Deed of assignment is the instrument that transfers interest in land from one party of another. The instrument contains the date, parties and terms of sale. It must be executed by the two parties and attested by witnesses. The law specifically requires that a deed must be signed, sealed and delivered for it to be valid. Transfer of interest in land is governed by many laws which differ from state to state of the federation. There are also various steps to be taken in the registration of title deed. This renders the transaction difficult and cumbersome. This research examined the means of acquiring real property in Nigeria, deed of assignment in particular and the challenges pose by the bureaucracy in the registration of title deed. The way forward has been proffered such as harmonization of conveyancing laws in Nigeria, review of the Land Use Act to make the requirement of governor‟s consent unnecessary, reducing the time frame within which to register title deeds, reduction of fees payable for the registration of title deed and the such other similar problems.
Related Project Materials
The Effect of Political Competition on Voter Behavior: A Study of Zuru LGA, Kebbi State
Chapter One: Introduction
1.1 Background of the Study
Political competition is a key element in democratic governance, as it sh...
The Role of Oncology Nurses in Providing Emotional Support for Cancer Patients in Jigawa State
Background of the Study
Cancer diagnosis and treatment often lead to significant emotional distress for patients, encompassing feelings o...
The influence of peer mentoring on the social development of students with disabilities in Mubi North LGA, Adamawa State
Background of the Study
Peer mentoring has emerged as a transformative strategy in fostering the social d...
Design and Implementation of a Quantum-Based Secure Messaging System for Student Communication at Federal University, Dutsin-Ma, Katsina State
Background of the Study
Secure communication platforms are crucial in universities to protect sensitive information such as...
ROLE OF CITIZEN JOURNALISM IN COMBATING CORRUPTION IN NIGERIA
CHAPTER ONE
INTRODUCTION
N EVALUATION ON THE INSIGHT OF LOCAL FARMERS ON CLIMATE CHANGE IN IDO LOCAL GOVT AREA OF OYO STATE
Introduction
One of the biggest environmental issues of the modern era is climate change, which has a worldwide scope. T...
Optimization of AI-Based Attendance Tracking Systems in Secondary Schools in Kano Municipal, Kano State
Background of the Study
The integration of Artificial Intelligence (AI) in education has led to significant advancements in...
Public Perception of Journalism and Press Freedom in Funtua LGA, Katsina State
Background of the Study
Journalism and press freedom are cornerstones of democracy, ensuring the public's right to info...
A CRITICAL ANALYSIS OF THREAT: A CASE STUDY OF ASARI DOKUBO’S UTTERANCES
BACKGROUND OF THE STUDY
Conversation analysis is a broad phrase for the several traditions that may be...
Public Relations Strategies in Managing Social Media Misinformation: A Study of Ilorin West LGA, Kwara State
Chapter One: Introduction
1.1 Background of the Study
Social media has become a dominant platf...
