PROBLEM OF COMPULSORY ACQUISITION AND COMPENSATION UNDER THE LAND USE ACT OF 1978

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PROBLEM OF COMPULSORY ACQUISITION AND COMPENSATION UNDER THE LAND USE ACT OF 1978

ABSTRACT

The word land means different things to different people and in different context. These different meanings notwithstanding, land, since prehistoric time, has been of elemental significance to the affairs of man.

In this thesis the various interests compulsory acquired were looked into. The compensation paid for these interests were adequately examined to determine the adequacy of the compensation. In the payment of compensation, time factor was also considered  to determine the effect of inflation on the amount payable, using interest rate as the parameter of measurement..

This study examined the evolution and formation of acquisition laws in Nigeria with a detailed examination of the public lands acquisition Act Cap – 167 and  the Land Use Act of 1978 as its objective. Another objection of this study is to see whether the acquisition and compensation of Akure Airport actually conformed with the provision of the law.

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PROBLEM OF COMPULSORY ACQUISITION AND COMPENSATION UNDER THE LAND USE ACT OF 1978

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