feel free to call 09056000005

Buyers Frustrated as Lagos Government Delays Oko-Orisan Land Scheme Allocation


Land buyers at the Oko-Orisan waterfront residential scheme, developed by the Lagos State government, are expressing frustration over prolonged delays in taking possession of their purchased plots. This scheme, advertised by the government in 2010, garnered significant interest from Nigerians, including those in the Diaspora, due to the promise of homeownership in Lagos and the perceived security of their investment.
 
Twelve years after some buyers made their payments, they have yet to take possession of the land, fearing they might lose it to more influential individuals unless Governor Babajide Sanwo-Olu intervenes. In response, some buyers, including Hakeem Ibrahim, have formed the Oko-Orisan Waterfront Scheme Subscribers Group to engage with the government.
 
Sanwo-Olu charges Nigerians to sustain democracy
 
"In 2012, I purchased a plot in the Oko-Orisan Waterfront Scheme in Lekki. Some subscribers invested as early as 2010. I paid N3.8 million, although my receipt was for N3.3 million," Ibrahim recalled in a statement to BusinessDay. He added that buyers received original allocation letters and receipts from the Lands Bureau in the Governor's Office, with his allocation letter dated May 12, 2012.
Read also: PropTech Revolution
Despite numerous visits to relevant government offices, officials have repeatedly assured them of the validity of their documentation, but the situation remains unchanged. The government has cited the need for redesigning the scheme, which has caused delays since around 2013.
 
Read also:
 
 
The group's written complaints to the Office of the Special Adviser on Housing have been forwarded to the Bureau’s Legal Department. During a visit to the Land Bureau office, they learned that the Orisan scheme is still being redesigned and remodeled. 
 
Check out properties in Lagos state
 
Properties for sale in Lagos State
 
A letter from the state government, dated April 2, 2024, and addressed to the Oko-Orisan Waterfront Scheme Subscribers Group, acknowledged their concerns but reiterated the ongoing redesigning efforts. The government assured all allottees would be contacted upon the project's completion. However, the group expressed disappointment over the lack of specific timelines and has yet to receive further communication from the government as of this report.
 
Source: BusinessDay

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

a month ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

a month ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

2 months ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

2 months ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

2 months ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

2 months ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

2 months ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

3 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

3 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

3 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

3 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

3 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

3 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

3 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

3 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

3 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

3 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

4 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

4 months ago Read More