The Advantage of New Lagos Electronic Certificate of Occupancy (e- C of O)
For
almost 4 years Lagosians have been waiting to catch a glimpse of the
New Lagos Electronic Certificate of Occupancy (e- C of O) to replace the
old Bulky Yellow one in circulation that could easily be cloned and i
am happy to say 99propertyng.com has finally obtained a copy of the new
E-C of O and we are very excited with what we have seen. Here is an
Exclusive first Look of all the New Features and additions to make the
new Electronic Certificate of Occupancy more Secure and Fraud proof.
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It
now comes in the form of a simple deed of assignment or contract that
is binded so as to make it very easy to carry around and more
aesthetically pleasing. This new E-C of O comes with the following
features:
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1.
It has the Picture of the Owner of the C of O scanned and printed on
the Paper other than the previous one that has a real passport
photograph of the owner. Previous complaints of the picture format used
in the Old C of O includes fraudsters mutilating the pictures and
replacing them with other people’s pictures that they intend to use to
deceive a willing buyer who did not conduct a proper search. With this
new scanned picture format, it will be very difficult to alter the E-C
of O without raising any suspicions.
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The
picture of the owner of the E-C of O has been electronically scanned on
the paper document and is visible to all from the onset the moment you
come across an E-C of O.
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2.
Secondly there is an Encrypted enhanced 2D bar code on the C of O that
is only Unique to the Owner of that C of O. This additional Security
Characteristic embedded in the C of O contains vital security
information that can only be viewed with an enabled barcode reader that
is unique to only the owner of this C of O.
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It has its own Unique 2d Bar Code printed on it that exclusive to the owner of the E-C of O
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3.
Thirdly the C of O number is now very distinguishable and very legible
for all to see. Now an interesting thing about this new Electronic C of O
is that it is now done in the form of a contract. It now has a
transaction page that will list all the transactions and encumbrances
that have taken place on the land in question, and will be inside the
body of the C of O. This enables one to immediate determine the history
of the land in question and a host of vital information with regards the
owner of the E-C of O. Examples of such information needed includes
whether it is a land for residential purposes or commercial, how many
years the C of O was granted to the holder, the survey plan number, date
the E-C of O was issued etc.
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The New E-C of O number is very distinguishable
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4.
Fourthly the New E-C of O has made it more complex for Land fraudsters
or people who intend to short change the government in processing it by
making sure the Governor or its representative, the commissioner of
stamp duties and the Registrar of titles to sign the E-C of O together
on the same page. Without these signatures, its virtually impossible for
it to pass as a Good or reputable Document. These 3 important figures
must assent to the transaction that led to the processing of this C of O
and all the proper fees, taxes and requirements must be made and or
paid before they sign it. Read More...
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Are you looking for Building Team?
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TEL. 08099994939 / 08099994949
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