Both at the state and federal level, Nigerians who fell short of the law in terms of land and property acquisition has often been victims of compulsory acquisition.

The story of illegal demolition and compulsory acquisition are all around us and Nigerians could cite instances and examples around them.

A story published on Sahara Reporters earlier this year about the illegal demolition by the state government on the property of the people of Mowo community in Badagry is an instance of illegal compulsory acquisition from the government. Mowo residents were lucky because they won the case in court as the court-ordered the government to compensate them.

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The question today will be, “What happens to the people who lose their cases or don’t even have the financial backup to go to court?”

The owners of this property would have avoided this problem if they had done due diligence before investing on the property they acquired or choose to purchase their property from a genuine real estate company.

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Despite the mistake on the path of the property owners, the Institution of Estate Surveyors and Valuers (NIESV), still maintains it is not an excuse for the government to acquire property from people without appropriate compensation.

NEISV

The Chairman Abuja, FCT branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), ESV Charles Ebiai has revealed that the Institution is ready and willing to redefine the purpose of compensation from any form of compulsory acquisition of property in Nigeria.

NIESVMr. Ebai further made this known in preparation arrangements to herald the NIESV 50th Anniversary with 2019 Mandatory Continuing Professional Development (MCPD) seminar held recently in Abuja.

In his remarks, the Abuja Chairman said, “We need to go deeper into compulsory acquisition, which we all know as the traditional power of government to acquire private rights of land without the willing consent of its owner or occupant in order to benefit society in exchange for compensation.” He further added that the acceptance of their advocacy will soon be accepted as four to their members were recently promoted to director cadres at the Federal Ministry of Works and Housing.

He concluded that the institution has accepted the responsibility for this advocacy and are doing everything within their jurisdiction to create awareness through various programmes and policies of the government.

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 At Gramz Investment and Asset Limited, we take our time to ensure that our property is free from government acquisitions while ensuring that our clients get the necessary documents that assert them as the owner of the land they purchased. We are genuine, let’s guide you through the process. Check out our packages: https://gramzltd.com/our-estates/

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