1. Introduction A trust is a legal arrangement where a person (the Settlor) transfers property or assets to another person or entity (the Trustee) to hold and manage for the benefit of specified persons (the Beneficiaries) or for a charitable purpose. In Nigeria, trusts are commonly used for asset protection, estate planning, charitable activities, investment … Continue reading HOW TO SET UP A TRUST IN NIGERIA: A DETAILED LEGAL GUIDE
Category: PROPERTY LAW IN NIGERIA
Purchasing property, particularly lands in Abuja—or anywhere in Nigeria—requires due diligence to avoid falling into legal or financial trouble. Here's a comprehensive step-by-step guide to follow before purchasing property in Abuja. First, it is important to engage the services of a property lawyer and a surveyor, who will then help you with the following: 1. … Continue reading Steps to take before purchasing property in Abuja.
Written by Adigun Oluwapelumi O. and Audi Rahma S. For: Starlion Legal Introduction. When it comes to the transfer of title in property, Nigeria follows a specific legal framework that involves the use of sales agreements and deeds of assignment. These two legal instruments play distinct roles in the process, ensuring the smooth transfer of … Continue reading Transfer OF TITLE IN Property: Understanding the Role of contract of sale and Deeds of Assignment.
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