Lagos State has developed an electronic real estate litigation system to help property buyers determine those that are subjects of litigation.
It is designed to reduce litigation in properties and ease the process of doing business in the sector.
Speaking at its public presentation at the Alausa Secretariat, the Attorney-General and Commissioner for Justice, Adeniji Kazeem, said the electronic system was developed to provide easy access to information.
Represented by the Solicitor-General, Mrs Funlola Odunlami, Kazeem said the system was designed in line with the administration’s drive to promote information technology in the state.
According to him, “the world we know today is at the click of a button technology driven and the Lagos State government is certainly in trend with the time, we have been working endlessly to ensure that Lagos is not left in the dark ages.
This is why several initiatives and steps are being taken to make Lagos State as technologically driven as possible.”
The Attorney-General said the system will give end-users constructive notice property status.
Kazeem described the real estate sector as one which records a very large turnover within the economy of the state.
“With the vision of becoming the largest economy in Africa, it is expected that the level of economic and commercial activities in Lagos State would experience an unprecedented level, height and pace.
“The real sector is therefore expected to further attract a significant amount of attention,” he said.
He said the electronic real estate litigation system would “provide a comprehensive database of real estate/property in Lagos which is subject of litigation, provide information on pending cases in court, notify the public of real estate and property which are the subject of pending litigation, curtail risk associated with property transactions, reduce litigation on real estate as the public can now easily confirm if a property is subject of a pending litigation, enhance due diligence in property transactions, ensure the public and professional bodies are able to conduct an efficient search of real estate and property, among other services”.
Justice Olaide Olayinka who represented the Chief Judge of Lagos, Justice Opeyemi Oke, described the system as a wonderful initiative which would have positive impact on the administration of justice.
“It is what is required in Lagos State. There are so many cases on property in court with many not knowing that the property is a matter pending in court,” he said.
Accordign to her, the system would curtail risk in property business and make due diligence easy to observe.
Mr Emmanuel Akinde, who represented the Permanent Secretary, Lands and Registry, advised that the new initiative be backed by law to give it more effect just as searches on properties is backed by the Lagos Registration of Titles Law 2015.
He noted that before now, searches were only limited to finding out if land was under government acquisition or not.
The Surveyor-General, Mr Olutomi Sangowawa, advised that the system should be on-line real time so that investors can know if there are encumbrances when transacting businesses on properties.
Credit: The Nation Newspaper