1 - Conduct search for land at Lands Registry at the Ministry of Lands and Planning.

• Lawyer representing company must present letter stating purpose of search.

NGN317,488

2 days

2 - Obtain and complete consent form.

• Form available at Account Section of the Lands Services Department. Application form is necessary to request for Governor's consent of transaction.
• Execute deed. Assignor and assignee sign 4 copies of the deed of assignment.
• Fee varies depending on the location of property (NGN3,500 – NGN5,000).

[Land Form 6]

NGN3,500 – 5000

1 day

3 - Tender deed of assignment to Lands Registry for assessment and valuation of land.

No cost

1 day

4 - Receive inspection of property and prepare a valuation report.

• Valuation includes a physical inspection of the property to assess market value. Wait time for an inspection is about 1 month and preparation for valuation report takes 2 days.
• Upon completion, a valuation report is issued.

No cost

32 days

5 - Collect demand notice for payment of fees.

No cost

1 day

6 - Pay assessed fees at a designated bank.

Varies

1 day

7 - Pay stamp duty at a designated bank.

• Agent or lawyer must pay stamp duty at designated bank. Payment is by bank draft. Ad valorem stamp duty for property between companies is 3 percent .

Varies

2 days

8 - Receive stamping of deed.

• Deed must be presented by assignee's lawyers for stamping at Stamp Duties Office. Stamping takes place only after Stamp Duty Office receives confirmation of payment.

No cost

1 day

9 - Submit application for Governor’s consent.

No cost

77 days

10 - Register Certificate of Occupancy.

• Follow up for Certificate of Occupancy.
• File Certificate of Occupancy at the Lands Registry.
• With proof of payment, Lands Officer is assigned to enter Certificate of Occupancy in to Land Registry records.

No cost

10 days