Documents Needed to Buy Property in Nigeria
By Barr. Chidi Okonkwo
Having the right documents is crucial for a successful property transaction in Nigeria. Here is a detailed checklist.
For the Buyer: - Valid means of identification (National ID, International Passport, or Driver's License) - Bank Verification Number (BVN) - Proof of address (utility bill or bank statement) - Tax Identification Number (TIN) - Evidence of funds or mortgage pre-approval letter
For the Seller/Property: - Certificate of Occupancy (COfO) or Governor's Consent - Survey plan (registered with the Office of the Surveyor General) - Deed of Assignment or Contract of Sale - Building plan approval (for developed properties) - Receipts for ground rent and tenement rate payments - Tax clearance certificate
Additional Documents: - Power of Attorney (if buying through a representative) - Letter of administration or probate (if buying from an estate) - Company resolution and CAC documents (if buying through a company)
Always verify the authenticity of these documents at the Lagos State Lands Registry and engage a qualified property lawyer to review everything before signing.