The recent spike in real estate demolitions across Nigeria has raised concerns about lax adherence to legal and regulatory provisions in the industry.
Property owners in prominent areas like Lekki and Festac Town in Lagos, as well as Abuja, have been caught off guard by demolition notices, highlighting the need for awareness and adherence to legal requirements in property acquisition and development.
Speaking at a webinar “Legal and Regulatory Issues in Real Estate Development – The Need for Compliance,” The Managing Partner, Ubosi Eleh and Company, Chudi Ubosi, emphasised the importance of following proper procedures throughout the property development process. “Reasons for demolitions range from legal disputes to violations of zoning regulations and substandard construction practices,” he stated.
Ubosi outlined the critical steps in property acquisition and development to ensure compliance with legal and regulatory…
Source: Guardian Newspaper
