The Attorney General of Ondo State highlighted the significance of the newly signed bill that prohibits forceful entry and illegal occupation of landed properties. This law aims to provide a secure environment for investors interested in real estate development, whether local or foreign. The bill, swiftly enacted in record time, is a significant step towards addressing critical land issues in Ondo communities.
The Attorney General commended Governor Lucky Aiyedatiwa for signing the bill into law and praised the Ondo House of Assembly and the bill’s sponsor for their dedication. The legislation is crucial in reinforcing the legal framework around land ownership and property rights in the state. It sets a precedent for resolving land disputes and illegal land occupation effectively.
The sponsor of the bill emphasized the importance of tackling land disputes that have been prevalent in Ondo. The legislation is expected to have substantial economic benefits, encouraging investors and ensuring the safety of their investments. By requiring land sale agreements to go through certified legal professionals and carry a stamp from the Ondo State Internal Revenue Service, the law aims to minimize disputes and enhance transparency in the real estate market.
Overall, the anti-land grabbing law in Ondo State aims to deter criminals, legitimize land transactions, and protect property rights, fostering a more accountable real estate sector.