M.O. KOMOLAFE

This study examined the level of involvement of occupants of the ilamijanla community of Lagos state on the private acquisition process of land, the satisfaction level of the occupants and the factors influencing the occupants’ satisfaction level. The study selected 155 houses systematically from the 310 houses in the community. Data centered on the objectives of the study were collected using self-administered questionnaire. The results were analyzed with the aid of simple descriptive statistics. The result shows that the occupants are rarely involved in most of the acquisition process. The community heads are at the center of the dealings with private investors who acquire lands and these results in low level of satisfaction of the respondents on the acquisition process.
The primary influencing factors on occupants’ satisfaction include minimization of delays, demonstration of credibility in the acquisition process and clarity and fairness of laws guiding the acquisition process. The study advocates improved community participation in land acquisition process to foster smooth transfer of interests.

Issues and Challenges of Service Charge Administration in Commercial Properties: A Study of Banex Plaza, Wuse II, Abuja.
In the context of Nigeria’s commercial property sector, this study investigates the inefficiencies and disputes in service charge administration at Banex Plaza, a commercial property in Wuse II, Abuja. The research objectives are to identify the plaza’s operational characteristics, assess current administrative approaches to service charges, evaluate their effectiveness in meeting stakeholder needs, and explore the challenges faced by both tenants and property managers in this process. A mixed-methods approach was employed to ensure comprehensive analysis, collecting quantitative data via questionnaires administered to 162 tenants and qualitative insights from interviews with five estate surveyors and direct physical observations of the plaza’s facilities.
The findings indicate that while Banex Plaza offers strong security services and reliable energy supply, it suffers from poor internet connectivity, unreliable elevator operation, and substandard cleaning quality. In addition, the service charge administration processes were found to lack transparency, timely reconciliation of accounts, and active tenant participation. Based on these findings, the study recommends implementing formal budgeting and accounting procedures for service charges, establishing transparent reconciliation mechanisms, enhancing communication channels between management and tenants, and developing standardized frameworks for service charge administration. These measures aim to improve efficiency, accountability, and tenant satisfaction in commercial property management.

This study investigates the impact of squatter settlements on rental values in neighboring areas, focusing on the Iguosa community in Benin City. This is with a view to examining the features of the squatter settlement in iguosa community, to access the property value of residential properties located 0-500 meters from the boundary of Iguosa, to examine the factors influencing residential property values in Iguosa community proximate areas with the aim of analyzing the impact of proximity to iguosa informal settlement on surrounding property values. This study adopted mixed methods including surveys and interviews of the occupants of the squatter settlement and neighboring environments. Findings revealed that the presence of squatter settlement exerts downward pressure on rental values in proximate formal residential areas. This study recommends proper city planning in order to reduce the proliferation of squatter settlement given the impact on the neighborhood and investment performance.

This study investigates the impact of squatter settlements on rental values in neighboring areas, focusing on the Iguosa community in Benin City. This is with a view to examining the features of the squatter settlement in iguosa community, to access the property value of residential properties located 0-500 meters from the boundary of Iguosa, to examine the factors influencing residential property values in Iguosa community proximate areas with the aim of analyzing the impact of proximity to iguosa informal settlement on surrounding property values. This study adopted mixed methods including surveys and interviews of the occupants of the squatter settlement and neighboring environments. Findings revealed that the presence of squatter settlement exerts downward pressure on rental values in proximate formal residential areas. This study recommends proper city planning in order to reduce the proliferation of squatter settlement given the impact on the neighborhood and investment performance.