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What is C of O?
A certificate of occupancy (C of O) is document issued by the government to prove property ownership for a define period of time (usually 99 years) in Nigeria.
It is the highest level of land security certification in Nigeria.
Omonile lands are usually owned by families or communities and is always only backed with such document as "Family receipt". Which really has no legal authority against government future claim on such land.
Buying an OMONILE land is a thin line between loosing all your money and TRUE OWNERSHIP.
Most of OMONILE lands have one dispute or the other such as family disputes, resale to 10 different individuals of same land or selling govt land.
A C of O prevents unwarranted such above stated issues, other land disputes and act as a STRONG DEFENSE in case of any.
C of O increases property value and eliminates the problem of multiple ownership. It safeguards your interest and investment.
Invest SMARTLY. Buy C of O land.
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