IRREVOCABLE POWER OF ATTORNEY FOR SALE OF LAND/BUILDING IN SOUTH EAST AND ABUJA, NIGERIA

IRREVOCABLE POWER OF ATTORNEY FOR SALE OF LAND/BUILDING IN SOUTH EAST STATES, AKWA IBOM STATE AND ABUJA, NIGERIA

Across Nigeria, land and house/building ownership is transferred through different legal documents.

In the South South States (except Akwa Ibom State), South West and Northern Nigeria (except Abuja), Deed of Assignment (if the Land has a C of O) or Deed of Conveyance (if it does not have a C of O) is used to transfer ownership of land/building.

But in the South Eastern States, Akwa Ibom State and Abuja, an Irrevocable Power of Attorney serves the same purpose and carries the same legal effect.

An Irrevocable Power of Attorney (POA) is the legal document of ownership transfer. When a landowner grants an irrevocable POA to a purchaser in exchange for payment, that document effectively conveys the land/building to the purchaser.

The buyer steps into the shoes of the owner, taking possession, exercising full rights and having the authority to resell or develop the property.

Under Nigerian property law, once purchase price is paid and the Power of Attorney states that it is irrevocable, it becomes binding and operates as land/building purchase document.

It should be prepared by a Property Lawyer, properly signed, stamp dutied and registered. Failure to do so may expose the buyer to issues or third-party claims.

So if you are buying land or building in the South East or Abuja, your Irrevocable Power of Attorney is your evidence of ownership.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com