Monday, 7 December 2015

Experts ask Lagos to reduce cost of land title registration

Some experts in Property Law have said that the Lagos State Government will do well to remove or reduce the cost of obtaining titles for landed properties in the state, saying the process should be for regulation rather than revenue generation.
The experts argued that the high cost of registering land title in Lagos had been discouraging a lot of people from following the due process.
This position was canvassed last week at a workshop on the Lagos State Lands Registration Law 2015, organised by the Department of Private and Property Law, Faculty of Law, University of Lagos.
Leading the debate was a Senior Advocate of Nigeria and a former Federal Commissioner for Works, Alhaji Femi Okunnu, who pointed out that “the excessive fees charged by Lagos State Government was deterring people from registering their documents.”
Also, another Senior Advocate of Nigeria and a former Commissioner for Environment in Lagos State, Dr. Muiz Banire, pointed out that the government would have made more money if it could lower the cost of land title registration as more people would be encouraged to come forward.
“The government seems myopic. If you lower the amount chargeable, the turnover will even be higher than what they’re getting now,” Banire said.
A former Attorney General of Lagos State and Commissioner for Justice, Mr. Supo Shasore (SAN), called for increased transparency in the Lagos State land registry and land information management system, to ensure increased public confidence.
On his own part, a lecturer in the Department of Commercial and Industrial Law, UNILAG, Dr. Abiola Sanni, said, “Ideally the purpose of registration is not mainly to generate revenue but for management or regulatory purposes, while the essence of taxation is revenue generation.”

0 comments:

Post a Comment