Introduction It is a settled fact that death is inevitable, hence we may wonder what will become of the wealth and assets which we have tirelessly laboured for during our lifetime. The simple answer is that it would be inherited by an individual or an institution. The issue of inheritance is a significant part of…
Introduction We have all heard the word “Next of Kin”. It can be seen in documents like, bank forms, employment contracts and wills. The question then arises, who is a Next of Kin? What role do they actually play in a document and what are the implications of including a Next of Kin in a…
Introduction There are a lot of misconceptions out there about renting/ tenancy in Nigeria. In this brief article, we will try to bust those myths and set the record straight! Here are some common misconceptions: Myth 1 Landlords cannot evict tenants when there is no written agreement. Fact Are you playing? In fact, entering a…
The 1999 Constitution Section 43 Subject to the provisions of this Constitution, every citizen of Nigeria shall have the right to acquire and own immovable property anywhere in Nigeria. (This is talking about land. Any citizen of Nigeria can buy and own land anywhere in Nigeria except there is a law that says you can’t…
It is not uncommon for a married couple to want to purchase property jointly as husband and wife. In fact, some consider it ideal. Even though they may have properties to their individual names, they may want to acquire some as a couple, maybe their matrimonial home, maybe for financial security in the event that…
I heard once, on television, of a child of a celebrity in America who was less than 10 years old and had an estate worth millions in her name. Of course, she wasn’t the youngest business mogul in the world, her parents probably acquired the properties for her but they were in her name, they…
Let me start by saying; no one ever wants his/her loved ones to die! So automatically, every publication that has to do with steps to take upon/after the demise of a loved one is usually consciously or unconsciously avoided (especially in our African society – where we are taught no say “God Forbid” to talks…
Accommodation is of fundamental importance to humans, thus; drastic increase in population over the past few decades have occasioned a more formal and generally acceptable set of principles governing tenancy, tenant-landlord relations as well as ejection of a tenant from a property. In the struggle to keep pace with the growth in population, it is…
One of the greatest investment opportunities is in land and one of the most frequent cases in court is also in relation to land. To prevent future frustration and struggles there is a need to ensure certain precautions and steps are taken when purchasing land. A summary paper like this cannot cover all the precautions…
It may interest you to know that a huge number of wealthy men/women do not do the proper thing to safeguard the interest of their surviving ones in the event that they are nowhere to be found. Many of them inadvertently end up enriching their various banks. So many families languishing in penury could not…
