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

Event Set to Celebrate Managers Who Shape Careers and Drive Organizational Growth   Business...

a month ago Read More

Global Leaders to Converge in Lagos for Landmark Event Driving Urban Innovation and...

a month ago Read More

In a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...

a month ago Read More

Industry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...

a month ago Read More

LAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...

a month ago Read More

By Oche Onum Lagos, Nigeria As Nigeria’s real estate sector braces for 2025, rapid...

a month ago Read More

By Oche Onum Abuja, Nigeria In a landmark move to combat climate vulnerabilities in urban...

a month ago Read More

LAGOS, NIGERIA The Federal Government announced plans Wednesday to establish a Real Estate...

2 months ago Read More

According to The Guardian's investigation, 70% of Nigerian states rely on manual land...

2 months ago Read More

What is the Initiative? The Federal Government of Nigeria has unveiled an N100 billion private...

2 months ago Read More

Abuja, Nigeria’s gleaming administrative capital, has long symbolized hope for migrants...

2 months ago Read More

Abuja, Nigeria The Federal Housing Authority (FHA) has suspended all ongoing construction projects...

2 months ago Read More

Lagos, Nigeria  Amid Nigeria’s escalating housing affordability crisis, real estate...

2 months ago Read More

Renowned Nigerian gospel artist Mercy Chinwo has broken her silence in an emotional video...

2 months ago Read More

The Nigerian real estate market is projected to hit $2.25 trillion by the end of 2025, according to...

2 months ago Read More

Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa, has called on...

2 months ago Read More

Affordable Housing and Luxury Properties Set to Propel Nigeria's Real Estate Market Over the Next...

3 months ago Read More

Hope for improved housing supply in Nigeria may remain unfulfilled, as the 2025 fiscal budget...

3 months ago Read More

Nigeria commemorated its annual Armed Forces Remembrance Day on January 15, honoring military...

3 months ago Read More

Nigeria’s ongoing GDP and CPI rebasing reveal real estate has overtaken oil and gas as the...

3 months ago Read More