The Impact of Insurance Valuation in Nigeria Insurance valuation refers to the systematic process of determining the fair and accurate value of insured assets or liabilities for the purpose of establishing appropriate insurance coverage, setting premiums, and guiding risk management strategies. In Nigeria, a country with a growing, yet under-penetrated insurance market, effective valuation […]
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COMPREHENSIVE STEP-BY-STEP EXPLANATION OF THE PROPERTY TITLE SEARCH PROCESS IN LAGOS STATE, NIGERIA, Here’s a comprehensive step-by-step explanation of the property title search process in Lagos State, Nigeria, including what it is, why it matters, and how to do it properly with references from authoritative real-estate and legal sources.(The Africanvestor) 1. Understand What a Title
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The Land Use Act (LUA) of 1978 has had wide-ranging legal, economic, and social impacts in Nigeria. Below is a structured discussion of its major impacts, covering positive and negative effects, followed by academic and legal references. Impact of the Land Use Act in Nigeria 1. Centralization of Land Ownership The Land Use Act vested
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Estate surveyors and valuers play a crucial role in the real estate, property, and land management industries. Here’s **why we need them**: — ### ✅ 1. **Accurate Property Valuation** They provide **professional valuation services** to determine the **market value** of properties (land, buildings, commercial real estate, etc.). This is essential for:
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Key Considerations Before Investing in Real Estate in Lagos State 1. Land Ownership and Documentation Title Verification is Crucial: Many properties in Lagos have fake or incomplete documentation. Common valid titles: Certificate of Occupancy (C of O), Governor’s Consent, Registered Deed of Assignment. Avoid land with “Excision in Process” or “Omo Onile” claims unless you’re
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