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Expert Identifies Difficulties In Land Aquisition

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Managing Director, Ideal Habitat Initiative, Prof. Timothy Nubi, has said the inability to access land and land titles were the fundamental factor responsible for mass poverty, especially in the developing world.
Prof Nubi, told newsmen in Lagos on Monday that “It has been established beyond reasonable doubt that poverty is directly related to the problem of access to land and the process of title registration.”
He said that the Land Use Act of 1978, which should have been an instrument of resolving land ownership and title, turned out to be a cog in the wheel of developmental progress.
According to him, whatever problem that has been experienced with title transfer and registration in Nigeria can be traced to the imperfection in the underlining enactment of the Land Use Act of 1978.
The managing director said that under the Act, only the governor of the state could issue a Certificate of Occupancy as an evidence and titular land titles for duration of 99 years.
“Also, the owner of such Certificate of Occupancy must seek and obtain the consent of the state governor in matters of alienation, mortgage and sublease.
“This would have been okay if not for the problems associated with time wastage, expensive processing and endemic corruption which undermines property transaction and investment,’’ he said.
Prof Nubi said the importance of having a title document on one’s property could not be over-emphasised, adding that at individual level, people were unable to create wealth from their land assets.
“At the state level, the revenue that should accrue from ground rent receipts is lost due to the fact that the bulk of the land is not covered by registered title and is unknown to the state,” he said.
He said to reduce the bottleneck, first and foremost, it was unnecessary to have to obtain governor’s consent for mortgage transaction.
“Governor’s consent for transfer of title should not be more than 1 per cent of the value or cost of the property while “The processing time for title registration and governor’s consent should not be more than 15 days,” he said.
Prof Nubi also suggested that the bureaucracy that had been a major bane of title processing should be dismantled through complete decentralisation.
“The practice of demanding for numerous supporting documents such as tax clearance, development levy, tenement rates, should be entirely removed as a requirement for the processing of title transfer.
“Government should also deploy more human, financial and technical resources to man the processing offices so as to curtail bureaucracy and reduce the level of corruption associated with it,’’ he said.

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Stakeholders Meet To Assess Nigeria’s Preparedness For AFCFTA

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Stakeholders are expected to converge in Lagos today to take a look at the Nigeria’s preparedness to maximize the gains of the African Continental Free Trade Area (AfCFTA). 
The Tide learnt that stakeholders will be converging at the instance of a popular online newspaper, Primetime Reporters, to assess the progress made so far by the Federal Government through the National Action Committee on AfCFTA agreement.
The event which is the Third Annual Lecture and Awards of the online medium has as its theme: “Assessing Nigeria’s Preparedness to Maximize the Gains of AfCFTA.” 
The event will also witness conferment of awards on eight eminent Nigerians who have distinguished themselves in various fields of human endeavours.
The Managing Director/Editor-In-Chief of Primetime Reporters, Mr. Saint Augustine Nwadinamuo, made this known in a statement made available to The Tide in Lagos on Monday.
According to him, the event will hold at the National Institute of International Affairs (NIIA), Kofo Abayomi Street, Victoria Island, Lagos beginning from 10.00am.
Nwadinamuo said that the event would be chaired by a renowned legal practitioner, Barr. Osuala Emmanuel Nwagbara of the Maritime and Commercial Law Partners, Lagos, while the Director General, Lagos Chambers of Commerce and Industry (LCCI), Dr. Muda Yusuf, would be the lead paper presenter.

By: Nkpemenyie Mcdominic, Lagos

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EFCC Nabs 419 Kingpin Over N250m Fraud

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The Economic and Financial Crimes Commission (EFCC), has arrested a leader of a deadly 419 syndicate, Abayomi Kamaldeen Alaka (a.k.a Awise) over an alleged attempt to swindle an innocent Nigerian of N250 million. 
The Tide learnt that the syndicate operates from a shrine at Ashipa Town, near Abeokuta, Ogun State.
According to a statement made available to The Tide in Lagos on Sunday, by the EFCC, Awise’s arrest followed a petition by his victim, Juliet Bright who lost N250m to the fraudster after she was tricked to provide money for sacrifices and invocations to heal her of an ailment.
The statement said Bright was introduced to Alaka by one Akinola Bukola Augustina (a.ka. Iya Osun) whom she met on Facebook in the course of her search for solutions to her health challenge. 
What drew her to Augustina was the latter’s post under the name, Osunbukola Olamitutu Spriritual Healing Centre.
 Once Bright contacted Augustina, the latter promised to heal her if she could pay N16 million. 
The victim paid the money through an Access Bank account belonging to one Mohammed Sani, who later turned out to be a Bureau De Change Operator.
After paying the money without receiving healing, Augustina transferred the victim to other members of the syndicate, notably Awise. 
Bright revealed that she met Awise at his shrine in Ashipa Town and was hypnotized and subsequently transferred various sum through bank accounts and in cash to the suspect and his syndicate members, until she lost N250 million to them.
Despite all the monies collected from her, her health conditions has never improved.

By: Nkpemenyie Mcdominic, Lagos

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Expert Wants Farmers To Grow Plant Produce For Export

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An expert in Quarantine Agriculture, Dr Vincent Ozuru, has advised Nigerian farmers to give more attention to growing plants produce that could be exported.
He said that plant like the hibiscus, popularly known as Zobo is on high demand in some countries around the world, today.
Ozuru who gave the advice while speaking to aviation correspondents at Port Harcourt International Airport, Omagwa, noted that some plants produce, particularly hibiscus, had yielded huge revenue to the Federal Government through export.
According to him, Nigeria exported about 1,983 containers of hibiscus to Mexico alone in 2017 and earned $35 million within nine months of that year.
The agricultural quarantine expert explained that the export of the plant had a setback as a result of storage pest discovered by the Nigeria Agricultural Quarantine Service in some consignments.
“The issue has now been taken care of and the export is resuming again, and all matters have been resolved with the stakeholders across the value chain.
“Mexico is the largest importer of Nigerian hibiscus, and our farmers should brace up to the challenge.
“The good news is that Nigeria has a vast growing belt in hibiscus, and the harvest is available all year round.
“We need to take advantage of this opportunity to earn foreign exchange for ourselves and for the country at large, even with the commitment of the present administration to diversify the economy”, he said.
Ozuru called on Nigerian farmers to show more commitment to the growing of export produce and also endeavor to get ready information on it in order to increase their income.

By: Corlins Walter

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