Deed of Assignment To Deemed Grant Babalola

DEED OF ASSIGNMENT TO DEEMED GRANT
RIGHT OF OCCUPANCY MADE PURSUANT TO SECTION 34

OF THE LAND USE ACT CAP L60, LAWS OF
LAGOS STATE OF NIGERIA, 2003
BETWEEN
SULAYMAN IBRAHIM ATANDA
(ASSIGNOR)
AND
MR. OLATUNJI BABALOLA

&
MRS. OLAYINKA BABALOLA
(ASSIGNEES)
In Respect of one(1) Plot of Land lying, Situate and Being at Oke-Ira Nla Eti-
Osa Local Government Area of Lagos State Measuring Approximately 120 x 60
Sq Mtrs which is more Particularly Described and Delineated on the Survey
Plan NO. AOS/724/32/2017.LA
Prepared by:
LANDER O. KOMOLAFE ESQ.

LANDER O. KOMOLAFE & ASSOCIATES
Barristers & Solicitors
No , 3 O lo r u n fu n m i S t r e et o ff Co k er Ro ad
V i a As s o c i a t i o n A v e n u e , Il u p e j u .
L a go s S t a t e .
Tel: 08023276958, 08116755793
Email:komolafelander@gmail.com
Lander O. Komolafe & Associates
(Solicitors)
DEED OF ASSIGNMENT
THIS DEED OF ASSIGNMENT is made this……… day of ………………..…..
20……, BETWEEN SULAYMAN IBRAHIM ATANDA of Block 1,
Flat 2, Games Village, off Bode Thomas, Surulere, Lagos State, Nigeria. (Hereinafter called
“THE ASSIGNOR”) which expression shall where the context so admits include his heirs,
personal legal representatives and Assigns of the one part.
AND
MR. OLATUNJI BABALOLA & MRS. OLAYINKA BABALOLA
of No. 14, Ladegboye Street, Ikorodu, Lagos State (Hereinafter called “THE
ASSIGNEES”) which expression shall where the context so admits include their personal
legal representatives and Assigns of the other part.
W H E R E A S:
1. The hereditament hereinafter described and intended to be assigned was before the Land Use
Act 1978, Cap L5, Laws of the Federation of Nigeria 2004 belonged to SALIU OBODO
CHIEFTAINCY FAMILY of Lagos State, under customary law and by virtue of Section 34
of Land Use Act, the said land continue to be held as if the family is a holder of statutory
right of occupancy issued by the Governor of Lagos State under the Land Use Act.
2. The large area of Land including the portion hereby intended to be transferred and assigned
being at Oke-Ira Nla at Eti-Osa Local Government Area of Lagos State comprising a vast
area of Land originally belonged to the SALIU OBODO CHIEFTAINCY FAMILY of
Lagos State, Nigeria under native law and custom from time immemorial.
3. The interest in the said piece of land Measuring Approximately 1339.541 Sq Mtrs was transferred
to SULAYMAN IBRAHIM ATANDA by way of outright assignment by the head and
principal members of the SALIU OBODO CHIEFTAINCY FAMILY namely: (1) CHIEF
BASHIRU KOLAWOLE LASISI (BAALE OF OKE-IRA NLA), (2) ALHAJI
ABDULATEEF F. BALOGUN (3) MR. TUNDE COLE and the Assignor herein became
seize of the parcel of land and the hereditaments hereby intended to be assigned.
4. The Assignor herein has been in peaceful and undisturbed possession of the parcel of
land exercising maximum rights of ownership without any adverse claimant till date.
5. By Virtue of an instrument of Purchase the Assignor herein transferred his interest on
the One(1) plot of Land (out of the 2plots owned) to the Assignees herein by way of
outright purchase.
6. The Assignor hereby assigns all his interests, rights and title in the land and entire
appurtenances more described in the schedule hereto hereunder to the Assignees.
7. For the purpose of vesting the portion of the said land which portion is hereinafter
described in the schedule hereto and same having been shown to the Assignees, the
Assignor has agreed with the Assignees for an absolute transfer of the unexpired
residue of his rights and interest in and over the said portion free of encumbrance.
NOW THIS DEED WITNESSETH AS FOLLOWS:-
1. In consideration of the said Agreement and sum of N5,700,000.00 (Five Million
Seven Hundred Thousand Naira) only paid by the Assignees to the Assignor (the
receipt whereof the Assignor hereby acknowledges) the Assignor as BENEFICIAL
OWNER hereby transfer and assign UNTO the Assignees all his rights and interests
(legal and equitable) deemed to have been vested on the Assignor in and over the
parcel of land described in the schedule hereto, TO HOLD the same UNTO the
Assignees absolutely and for all the residue now unexpired of the Assignor’s rights
and interests over the said land.
2. THE ASSIGNOR also hereby covenant and agrees to provide and sign all such
documents as shall be required by the Bureau of lands services Lagos State and any of
its Agencies in obtaining the necessary consent to this transaction.
3. THE ASSIGNOR as BENEFICIAL OWNER hereby covenants that he will execute

all such further assurances as the Assignees may in future require for the better and
more properly transfer to the Assignees absolutely all the interests which the Assignor
may have or be entitled to in the property hereby transferred.
4. THE ASSIGNOR covenant with the Assignees that the property is free from any
encumbrance and hereby transfer same as BENEFICIAL OWNER and undertakes to
indemnify the Assignees of the whole said sum hereinabove stated by reason of any
defect in the title of the Assignor or upon any encumbrance on the same property by
the Assignor or any person acting for and or on behalf of the Assignor.
5. THE ASSIGNOR is the beneficial owner of all interests, rights and title in the land
and entire appurtenances more described in the schedule hereto now intends to
assign a portion described in the schedule hereunder to the ASSIGNEES which
portion is Measuring Approximately 120 x 60 Sq Mtrs.
SCHEDULE
All that one(1) Plot of Land lying, Situate and Being at Oke-Ira Nla Eti-Osa
Local Government Area of Lagos State Measuring Approximately 120 x 60 Sq
Mtrs which is more Particularly Described and Delineated on the Survey
Plan NO. AOS/724/32/2017.LA

(Solicitors)
IN WITNESS WHEREOF the parties hereto have hereunder set their hands and
seals the day and year first above written.
SIGNED, SEALED AND DELIVERED

By the within-named ASSIGNOR
SULAYMAN IBRAHIM ATANDA ……….…………………

SIGNATURE
In the presence of:
Name:
Address:
Occupation:
Signature:

By the within-named ASSIGNEES
MR. OLATUNJI BABALOLA …….…………………
SIGNATURE
&
MRS. OLAYINKA BABALOLA …….…………………
SIGNATURE
In the presence of:
Name:
Address:
Occupation:
Signature:
In line with the Statutory Right of Occupancy, deemed granted by virtue of Section 34 of the Land
Use Act, Cap L60, Laws of Lagos State 2003. The term assigned to the Assignees is
…….……………… Years unexpired renewable subject to payable statutory land rent, for
…………… Use commencing this …………….…………day of 20………………………..
I CONSENT TO THE TRANSACTION HEREIN CONTAINED

DATED THIS……………..….DAY OF ………….……20…….……
…………………………………………………………………………………………..
HONOURABLE ATTORNEY-GENERAL AND COMMISSIONER FOR
JUSTICE LAGOS STATE
FOR EXECUTIVE GOVERNOR OF LAGOS STATE.
(Solicitors)
ACKNOWLEDGMENT OF RECEIPT AND INDEMNITY
ACKNOWLEDGMENT OF RECEIPT AND INDEMNITY

made this ….… day of………………..20….. is to certify and acknowledge
that I, SULAYMAN IBRAHIM ATANDA of Block 1, Flat 2, Games
Village, off Bode Thomas, Surulere, Lagos State, Nigeria received the sum
of N5,700,000.00 (Five Million Five Hundred Thousand Naira) only.
FROM

of No. 14, Ladegboye Street, Ikorodu, Lagos State being payment In
Respect of one(1) Plot of Land lying, Situate and Being at Oke-Ira Nla Eti-
Osa Local Government Area of Lagos State Measuring Approximately 120
x 60 Sq Mtrs.
I, SULAYMAN IBRAHIM ATANDA undertakes to:

1. Ensure the execution of formal Deed of Assignment in favour of the
Assignees.
2. Assist to effect change of ownership and other necessary steps to perfect

the sale by ratification in favour of the Assignees.
I, SULAYMAN IBRAHIM ATANDA hereby undertake to indemnify

herein above described of the whole said sum and any other incidental cost
caused to them by reason of any defect in their title as the Assignor or upon
any encumbrance on the said Land or any other thing that may affect the
proper transfer of title and ownership of the said Land to MR. OLATUNJI
BABALOLA & MRS. OLAYINKA BABALOLA.

(Solicitors)
IN WITNESS WHEREOF the parties hereto have hereunder set their
hands and seals the day and year first above written.

By the within-named ASSIGNOR
SULAYMAN IBRAHIM ATANDA ……….…………………

SIGNATURE
In the presence of:
Name:
Address:
Occupation:
Signature:

By the within-named ASSIGNEES
MR. OLATUNJI BABALOLA …….…………………
SIGNATURE
&
MRS. OLAYINKA BABALOLA …….…………………
SIGNATURE
In the presence of:
Name:
Address:
Occupation:
Signature:

(Solicitors)

Deed of Assignment To Deemed Grant Babalola

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DEED OF ASSIGNMENT TO DEEMED GRANT

RIGHT OF OCCUPANCY MADE PURSUANT TO SECTION 34

MR. OLATUNJI BABALOLA

LANDER O. KOMOLAFE ESQ.

3. THE ASSIGNOR as BENEFICIAL OWNER hereby covenants that he will execute

Lander O. Komolafe & Associates

SIGNED, SEALED AND DELIVERED

SULAYMAN IBRAHIM ATANDA ……….…………………

SIGNED, SEALED AND DELIVERED

I CONSENT TO THE TRANSACTION HEREIN CONTAINED

ACKNOWLEDGMENT OF RECEIPT AND INDEMNITY

MR. OLATUNJI BABALOLA & MRS. OLAYINKA BABALOLA

I, SULAYMAN IBRAHIM ATANDA undertakes to:

2. Assist to effect change of ownership and other necessary steps to perfect

I, SULAYMAN IBRAHIM ATANDA hereby undertake to indemnify

Lander O. Komolafe & Associates

SIGNED, SEALED AND DELIVERED

SULAYMAN IBRAHIM ATANDA ……….…………………

SIGNED, SEALED AND DELIVERED

Lander O. Komolafe & Associates

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