Excision in progress land in Ibeju-Lekki what you should know and risk
Channel: SHOLEM PROPERTIES
Date: 27/07/2022

This video is about Excision in progress land in Ibeju-Lekki and what you should know and the risk.

Excision means taking a part from a whole and that part that has been taken will be recorded and documented  in the official  government Gazette of that state, making such portion of the land legally free from government  acquisition. meaning that the land is free from government acquisition

in land excision, state governments release land to indigenous peoples or settlers following legal protocols and process. Since the land use act was enacted, land excision has been used as method of compensating the original land owners. A grantee who excisies a piece of land maintains ownership  control of the land within the confins of local laws and regulations. 

what is excision in progress?
Before a land can be released back to the indigenous communities, it needs to be excised. Hence Excision in progress or excision in process  is the process of getting a land under government  acquisition released back to the indigenous owners or villagers.

What are the risk of buying a land with excision in progress or process.

1. excision in process or excision in progress is not a land title. is not a valid and a legal land title 

2. Excision in process acquired land belongs to government. so building or structure erected on it can be demolished by government at any time 

3. excision approval is 50-50 chance. government may not approve the excision application form. though the land may not be committed. But the reasons for not approving it it best wnown to them.

you may ask that what happened to the buyer of the land, well it still Boilsdown to the real estate companies. trusted real estate companies will relocate her previous subscribers to another land that they own. But if you have invested in untrusted real estate company, you might have lust your hard earn money and land.

4. Government does not always approve excision application on the whole area of land submitted and the reason is best known to the government. so it means if the indigenous owners of the land applied for 100 acres to be excised, the government may approve only 90 ecres of the said land. it means that the company that bought the land will lose the remaining 10 acres of the land. thus the investors that bought them.  some trustworthy and reliable real estate companies always give their subscribers an indemnify clause. This means incase the excision application wasn't approved. the real estate company will relocate the affected subscribers of the land to another   land within  the portfolio of the company.
This clause is always written in the contract of sale that would be given to you after paying for the land. so it very important you buy from company's who  has this clause in their contract  of sale. most real estate companies will not want to tell you this but it is the truth.

5. Land awaiting excision cannot be given a red copy Survey from the surveyor General's office because the land does not have a valid land title. 

with this few point of mine, i hope you have been able to learn..ok. in my next video i am going  to be talking about the Advantage of buying excision in process or progress land. so if you have not subscrib to my channel kindly do now and don't forget to activate the notification bell so that you can always get notified whenever i upload another video   

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