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 3000
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
PROXIMATE DETERMINANTS: THE PATHWAYS OF INFLUENCE OF UNDERLYING FACTORS ON UNDER-FIVE MORTALITY IN NIGERIA
Abstract
Nigeria is a country with one of the world’s highest rate of under-five mortality. Any innovative research aimed at bringi...
THE IMPLICATION OF UNITED STATES HEGEMONY ON NIGERIA FOREIGN POLICY (1999 – 2015)
ABSTRACT
This study is an assessment of the impact of the present power transition in the international system and the implication it por...
PRINT MEDIA AS ELECTIONEERING TOOL IN NIGERIA GOVERNORSHIP ELECTION
Background of the study
Unquestionably, media is a potent and swift mode of communication. It has a sig...
ABORTION LEGALIZATION AND ITS IMPACT ON SEXUAL PRACTICES OF YOUTHS: A STUDY OF FCT RESIDENTS
BACKGROUND OF THE STUDY
Pregnancy is the common name for gestation in humans. It is the development of on...
FINANCIAL REPORTING CHALLENGES IN THE DIGITAL ECONOMY
Abstract:
This study examines the financial reporting challenges faced in the digital economy in Lagos...
APPRAISAL OF THE BIRNIN-KEBBI CITY MASTER PLAN FOR SUSTAINABLE DEVELOPMENT
ABSTRACT The study is aimed at appraising the Birnin Kebbi city Master Plan with a view to providing information that can influence policy for sust...
KNOWLEDGE PRACTICE OF CONTRACEPTIVES AMONG FEMALE STUDENTS
ABSTRACT
Access to contraceptive has become increasingly crucial for adolescents because many are sexua...
TAX REVENUE AND ECONOMIC GROWTH IN COTE D’IVOIRE, GHANA AND NIGERIA
ABSTRACT
This work examined the effect of tax revenue on economic growth in Cote d’Ivoire, Ghana and Nigeria from 2026 to 2020. Spe...
THE IMPACT OF DOMESTIC DEBT ON THE ECONOMIC DEVELOPMENT OF NIGERIA FROM 1981-2012
ABSTRACT
The Federal government of Nigeria in line with restructuring of its projects has resorted to domes...
THE IMPACT OF POOR REVENUE GENERATION ON THE DEVELOPEMENT OF LOCAL GOVERNMENT AREA (A CASE STUDY OF UMUAHIA NORTH LOCAL GOVERNMENT)
ABSTRACT
Revenue generation is the nucleus and the path to modern development. Thus, the study...
