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Actual Property Lawyer, Chief Mrs. LIZZY NWAGBARA
Chief (Mrs.) Lizzy, is a famend actual property participant. She can be a Barrister, a solicitor, and she or he additionally holds the title ‘Iyani Wura of Egbaland’, however this glorious lady has carved a distinct segment for herself in property enterprise. She began actual property enterprise throughout her days as a youth corper. And since then, she has not appeared again. This gorgeous-looking lady obtained a Particular Recognition Award on the 2017 Metropolis Individuals Actual Property Award and this 12 months she has received the most effective Lawyer in actual property enterprise.
She has additionally carried out properly within the authorized occupation. She was referred to as to the Nigerian Bar in March 1988 and has since been in energetic legislation apply, spanning just about all spheres of authorized apply together with mergers and acquisitions, industrial, commerce negotiations legal guidelines and secretaries. Her apply additionally covers litigation, industrial apply, banking and finance, actual property and many others.
This amiable lady is thought all over the place, particularly in the actual property enterprise. She began so younger and now she has grow to be a reference level. Who’s Chief Lizzy and the way did she grow to be so massive? These are among the questions you will see that solutions to on this uncommon interview she granted Metropolis Individuals’s Senior Property Reporter, ISAAC ABIMBADE, just a few weeks again.
How does your legislation background assist your actual property enterprise?
It helps in quite a few areas. You already know as a Lawyer, you’re routinely concerned in actual property as a result of it’s the lawyer that drafts the settlement. It’s the job of a lawyer to write down settlement between the consumer and the property proprietor. Each transaction has its personal sample. You’ll be able to say as a result of I’m an Property Surveyor, I can draft agreements. When the issues come he’ll be taught. I’ve seen one thing like that earlier than. As a result of one in all my shoppers wished to purchase their property however after we noticed the settlement that was drafted, it was all filled with improper terminologies and the best ones weren’t there. As a result of each transactions has its personal sample as a result of the historical past is totally different from one to the opposite. You’ll be able to’t do any actual property transactions with out getting attorneys concerned.
Legal professionals additionally deal with fall out that comes out of it. As a result of there are at all times fall out. There are litigations at instances. So since you are actually grounded as a lawyer within the historical past of a transaction try to be prepared to look and testify when referred to as upon..
Lagos State in current instances has been termed as probably the most unsafe place to purchase land in Nigeria. What can a mean individual do to not fall sufferer of Omoonile and the likes?
If you happen to undergo the historical past of those that are purchaser or vendor of these land, they didn’t have a lawyer however it’s in points like this {that a} good lawyer ought to discover out on the graduation of the transaction if its a protected land to purchase. I had been a sufferer too at first of my authorized apply within the early 90s. I used to be a part of those that purchased some land round Ajah then from Omoonile and that point there was no obvious curiosity from authorities however the fact is that, we didn’t actually test. We believed as a result of we had been coping with the household that owns the land and there was no authorities curiosity them. However it was in Alausa we discovered that the federal government curiosity was there though they didn’t map out what they wished to do with the place. The concept of the federal government coming there to tug down your property, omoonile points and many others had been the issues you possibly can discover out in case you perform a correct investigation.
And it’s all issues that emanate from actual property that may result in such a scenario. Some areas are amenable. If you happen to see an space the place the federal government has not launched, you’ll be able to conveniently purchase. There are some areas too that’s ratifiable. In such areas, you do a ratification discover. You’ll course of it on the workplace of the Surveyor Basic. Then you’ll now pay for a authorities survey. It’s referred to as regularisation. The federal government will now provide you with a C of O.
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