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Critique View of Compensation Under the Land Us Decree

Critique View of Compensation Under the Land Us Decree

Project / Seminar Material
Reference ID: PS-4824-TM

DEDICATION

This research material titled “Critique View of Compensation Under the Land Us Decree” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Estate Management (EM), Book Authors and Profound Scholars of existing or related project material on “Critique View of Compensation Under the Land Us Decree” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    In Nigeria today, the government and its agencies require land to carryout its development programs and due to the sentiment attached to land voluntary transfer of land by individual to the government is rare. So the government resort to compulsory acquisition and compensation paid there of the individuals whose right of accompany to land are extinguished due to over riding public interest. Laws are enacted to regulation the process of acquisition and compensation among host of other things relating to land derived from the land use Act march 29th of 1978. by virtue of section 29 sub-section 4 paragraph B of the Act compensation assessment upon compulsory acquisition of building, installation or improvement shall be accordingly has been by only a particular approach of valuation that is cost approach. Therefore the purpose of this study is to ascertain whether the present technique for valuing properties for compensation under the land use Act is suitable and to identify the possible associated with compensation under the Act.

    Critique View of Compensation Under the Land Us Decree

    CHAPTER ONE

    Introduction

    1.1 Background And Need For The Study

    Although the various governments in the federation could acquire land at any time by working their power of eminent domain they still (most in the south) face the problem of rigidity associated with native laws and customs. In an attempt to breakdown these rigidity the various land laws were enacted by government among which are public land acquisition decree No 33 of 1976 the state land compensation decree No 38 and the latest of the laws concerning the acquisition of land by government and compensation there to.

    By section 1 of this act all land comprised in the territory of each state except land vested in the federal government or its agencies are vested in the governor of that state and such land shall be held in trust and administered for the use and common benefit of all Nigeria in accordance with the provisions of the act. The governor laving been vested with all land in his state of jurisdiction is further empowered by section 28 of the act to revoke a right of occupancy (statutory or customary) for over rigidity public interest under section 29 of the act the revocation of a right of occupancy for the cause set out in section 29 entitles the holding and occupier to compensation for vale of their unexhausted improvement at the data of revoke as accordingly provided in section 29 sub section 4 paragraph 6 compensation with respect to building installation or improvement shall be for the amount of the replacement on the basic of the presented method of assessment as determined by the approve it could be seen from the above that the act state explicitly that the assessment of comp sensation payable for compulsory acquisition of real property shall be and according to value cost approach.

    1.2 Statement Of The Problem

    From the above discussion certain question might be identified that certainly demand answers.

    They include:

    1. Is the technique for valuing properties compulsory acquired for compensation under the land act suitable?
    2. What are problems associated with technique for valuing properties compulsory acquired for compensation under the act.
    3. What is the effect of the act on compensation
    4. What adjustment should be done to the compensation section of the act?
    5. What should be the appropriate technique for valuing properties compulsory acquired for compensation propose under the act?
    6. What should be the appropriate technique for valuing properties compulsory acquire for compensation purposes under the act?

    1.3 Aim And Objectives

    The objectives of the research would be as follow

    1. To as certain whether the present technique for valuing properties for compensation under the land use act is suitable.
    2. To identify the possible problem associated with compensation valuation under the act.
    3. To identify the affect of the land act on compensation.
    4. To suggest necessary adjustment that needs to be made to the compensation section of the act.
    5. To suggest an appropriated technique for valuing properties compulsory acquire for compensation purpose under the act.

    1.4 Significance Of Study

    There exists in theory and practice different approaches to relation. Each approach is applied depending on the particular condition of and the value estimate needed. The research has trough this project bug righted certain issued and problem that follows. The research is of the opinion that we adopt the open market technique for valuation of compensation.

    1.5 Scope Of The Study

    This dissertation analyzes compensation valuation under the land use act. The study to theory and application of lost approach to value the act the principle of the law of compulsory acquisition and compensation the principles of the laws of equity and to the principles of valuation. The scope of the study does not extend to compulsory acquisition and compensation or have land economic trees and crop. The study also not include compensation for any other purpose such as compensation for ecological palisteribustions compen oil spillage fishing right etc. The study deals with compensation for acquired buildings.

    1.6 Methodology Of Study

    Research information was obtained from the ministry of lands and housing. Oral interviews were conducted and persons interviewed include practicing estate surveyors and value, legal practitioners, land officers real property owners, expropriated property owners and various other eminent individuals in academic and business. Relevant lecturers’ seminars symposium text book papers and other media were equally chief data sources.

    1.7 Limitations Of Study

    The research is limited by lack of sufficient data and time. In fact this really affected the quantum of data available.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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