STEPS OR STAGES IN THE SALE OF LAND IN NIGERIA

In International Textile Industries Nigeria Limited v. Aderemi (1999) 8 NWLR (Pt. 614) 268, where the court held observed that it is only after a binding contract for sale is arrived at that the need to pursue the procedure for acquiring title will arise. That is when obtaining of the necessary consent to alienate the property becomes an issue in order top make alienation valid.

It was also in the above case that stages of transfer of interest in land where divided into two distinct stages viz:

1.     The contract stage (ending with the formation of binding contract for sale); and

2.     The conveyance stage (culminating in the legal title vesting in the purchaser by means of the appropriate instrument under seal).

Follow @LawRepositoryNG