Lagos State Government has launched an Electronic Real Estate
Litigation System (LIS PENDENS ELECTRONIC SYSTEM) designed to provide easy
access to relevant information on the legal status of registered Property for
those who engage in real estate business.
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Speaking at the ceremony, the
State Attorney General and Commissioner for Justice, Mr. Kazeem Adeniji noted
that the program will offer end users the platform for filling and uploading
Lis Pendens entries into the system for the benefit of real estate buyers.
According to Kazeem, who was
represented by the Solicitor General / Permanent Secretary in the Ministry,
Mrs. Funmilola Odunlami, the Lis Pendens system, will among other things,
provide members of the public with information on properties with a pending
case or the ones subject to litigation.
He informed that the new
technology will also be of great use to professionals in the industry to
conduct an efficient search of real estate, curtail risk associated with
property transactions and enhance due diligence in property transactions.
In his words, “The Lagos State
Government has remained committed to protecting the interest of property/real
estate investors across the State. With this initiative, the real estate sector
is expected to further attract a significant amount of attention as well as
accelerate development process in the sector.”
The event was also attended by
representatives of the Nigerian Bar Association from the five districts of
Lagos, the Lands Bureau and the Office of the Surveyor-General of Lagos State.
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