GORVERNOR’S CONSENT

WHAT IS GOVERNOR’S CONSENT?

The Governor’s Consent is an essential legal requirement in transferring land ownership, specifically when dealing with land with a Certificate of Occupancy (C of O). This consent is mandated by the Land Use Act of 1978 and serves as the Governor’s approval for the transaction.

It improves the legality of any land transaction involving land that has already been allocated by the government or has an existingC of O. Without this consent, any transfer of ownership, mortgage, lease, or other dealings with the land are considered invalid under the law.

Like the C of O, in cases where the government needs to reclaim the land for public purposes, having the Governor’s Consent guarantees that the landowner will receive compensation. This is crucial for safeguarding the owner’s investment and interests.

REQUIREMENTS FOR PROCESSING GOVERNOR’S CONSENT

• Duly Completed Land Form 1C: Complete the Land Form 1C thoroughly, as it is the primary document for your application.
• Certified True Copy (CTC) of Root of Title: Provide a Certified True Copy of the root of title to establish the ownership history.
• Deeds/Instruments of Transfer (3 copies) with Clear Survey Plans: Submit three copies of the Deeds or Instruments of Transfer, each accompanied by clear and precise survey plans.
• Passport Photographs: Include four passport-sized photographs (5×5) with a white background.

• Certificate of Incorporation and Form of Directors: For company applications, including the Certificate of Incorporation and forms detailing your company’s directors.
• Site Photographs and Location Sketch: Provide photographs of the site along with a location sketch for context.
• Payment Receipt: Submit a payment receipt of NGN 10,500.00 for charting, endorsement, and Form 1C processing.
• Letter of Authority and Covering Letter: If applying on behalf of the landowner, include a Letter of Authority along with a comprehensive covering letter detailing your contact information.

WORKFLOW FOR OBTAINING GOVERNOR’S CONSENT

• Submission of Application: Submit your application with all required documents to the Directorate of Land Services.

• Issuance of Demand Notice: The applicant receives a Demand Notice specifying the applicable Fair Market Value (FMV) based on the location. The FMV is determined by the Lagos State Official Gazette No. 10 Vol. 48, dated February 5, 2015. It includes:
  • Consent Fee: 1.5% of the assessed value.
  • Capital Gains Tax (CGT): 0.5% of the assessed value.
  • Stamp Duty: 0.5% of the assessed value.
  • Registration Fee: 0.5% of the assessed value.
  • Neighborhood Improvement Charges (N.I.C): Assessed based on size and years of relevant title for private and excised lands.

• Assessment for Mortgage Transactions: The assessment structure for mortgage transactions includes the Consent Fee, Registration Fee, and Capital Gains tax exemptions.

• Submission of Payment Receipts: Submit all payment receipts as evidence of payment to the appropriate office.

• Release of Registered Deeds/Instruments: Upon completing the process, the registered deeds or instruments are released to the applicant.

In conclusion, Governor’s consent is a vital step for securing your property purchase in Lagos State. It guarantees peace of mind by ensuring a legitimate transaction and reducing the risk of future complications. Don’t skip this crucial process – for a smooth and secure real estate experience, get Governor’s consent.