DAILY LAW TIPS
by Onyekachi Umah,Esq.
“Safest Means of Jointly Acquiring Lands and Landed Property in Nigeria as a Couple”.
A couple is not a human being or juristic being or group of beings that can acquire, own and sell property in Nigeria. Where a couple forms a company, being shareholders and directors of the company, they can use the company to buy, own, manage and sell lands and landed property in any part of Nigeria. Upon the death of a spouse without a Will, the management of remaining assets are often easier too.
See sections 18 and 20 of Companies and Allied Matters Act, the Married Women Property Act 1882, the Married Women Property Law 1959, section 7 of Land Use Act, as well as the case of Lion of Africa Insurance Co. Ltd V. Mr. and Mrs. Esan (1999) 8 NWLR (Pt. 614) 197.
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Hello, am glad to have your eyes on this page. On last edition I wrote on “Safest Means of Purchasing rural Land” which dwelt on the purchase of land under customary law which often occurs in our villages. I highlighted the legal requirements and steps to a successful land transaction under such law. Now is time for us to take a deep dive into land transaction under our statutory law. It is for land transactions in our towns and cities. I urge you to learn as much as you can and save yourself embarrassment.