thesicilian:
As a lay person I do not think secession should affect personal property unless the owner decides to leave his property behind and move home. That Biafra is now a separate country does not mean all Igbo's have to leave the North, West or South. I think it is just the barbaric nature of many Nigerians to reap where they do not sow that will make them want to take advantage of the situation to loot and force people out of their own homes.

GrandGarcon:
Do those banks have branches all over Biafra? if yes, then your argument is invalid.

Dumaknesset:



Yes, you can keep the branches and all of them. We will keep what is down here but remember you are the ones that have 90 per cent of everything here including the air. But what you non sequitur reveals that you want your banker to come and get your real estate, they don't have that kind of power, and they will rather loose you and the branches than loose Lagos. Is it clear now.

GrandGarcon:
You see, you don't know what you are talking about, do you know we are talking about almost all banks in present nigeria? The money that belongs to the nigerian banks will still belong to the nigerian banks even if Biafra comes. We are not usurpers like you people, but if Nigerian government does anything funny, we will nationalize those banks.

Dumaknesset:


You see yaself again, you want to nationalize branches of Nigerian banks in Biafra, your loss go ahead. the headquarters are here in Lagos State, keep the branches while we keep the headquarters where the largest chunk of the monies are kept, but dont mix it up, banks cannot get properties for you guys, the banks are Nigerian banks not Biafran banks. The reality will be worse, just let the time come and keep living in denial.

bakynes:

Some banks like Fidelity, Diamond owned by Igbos by the declaration of Biafra will no more be Nigerian banks but the money in their hands will be useless they will only have the option to sell the Banks to Nigerians in dollars.

GrandGarcon:
It is very easy to solve this problem, simply put it in control of reputable banks, as in something like mortgage, the banks will represent you, and collect their share, if any fool wants to take it then they should deal with the bank, if they do anything funny, remember they have branches in Biafra, so the Biafran government will fine them or simply nationalize the bank. It is very easy.

Dumaknesset:


It shows these biafrans don't think that things through.

bakynes:
I see Igbos making a U-turn soon, they have a lot to loose if they seccessed.

90% of Igbos are making their money outside of Igbo land. Loosing everything to Nigeria means you are starting from the scratch.

The only way to achieve Biafra that will not start from the Scratch is to adopt a diplomatic means with the Nigerian state, if not Biafra might be worse than South Sudan.

Remember all African countries got their independence and some money to start from the Colonial masters, how will you finance your new country, remember all monies with Biafrans is the Nigerian Naira except the few dollars which I bet won't be enough. That means Biafra will have to start by Borrowing heavily from the World Bank and IMF to start their new country.

seunmsg:


Don't get it twisted at all, the day Biafra secedes legally, all Igbos living in any part of Nigeria will be doing so illegally. Government may round up all of them and throw them into prison or dump them at the Onitsha bridge depending on how the break up occurred. Nigeria's breakup will either be violent or on very hostile terms if violence is not involved. You people will be entitled to absolutely nothing once you succeed in breaking up the country. I will advice you all start selling your belongings now and relocate the ones that can be relocated to the east before it is too late. Igbos will not be allowed to own a pin in Nigeria once Biafra secedes. You cannot eat your cake and still have it.

jpphilips:



under international guidelines, they are given a time frame to quit, most governments make it very short to inconvenience the secessionists.

DoTheNeedful:


Some of you are just ignorant. Igbos are mainly traders and they have the current Nigerian space as their Market because they are citizens. If Biafra become materialized their market space will shrink by at least 70%.
I don't know how they will make their wealth back in 5 years. You will sell mainly among yourself which is like selling an ice-block to a Canadian. Your so-called wealth is made from profit you make from trading with over 170 million Nigerians.
Mind you almost all developing countries don't tolerate foreigners opening small and medium scale businesses in their countries. This area of business is what is employing millions of Igbos.
Kindly recall the trade rift Nigeria had with Ghana, Zambia and some African countries. It bordered on the small and medium scale businesses our Igbo brothers wanted to start in those countries. They refused and insisted that any foreigner must have a business that is worth at least 500,000 dollars and must employ like 10 indigenes or so.
When you call other people parasites, know that we all benefit from ourselves. The Nigerian population has benefited the Igbos more.

http://independent.ng/2014/09/association-says-ghana-will-regret-sacking-nigerian-traders-markets/

GrandGarcon:
It is very easy to solve this problem, simply put it in control of reputable banks, as in something like mortgage, the banks will represent you, and collect their share, if any fool wants to take it then they should deal with the bank, if they do anything funny, remember they have branches in Biafra, so the Biafran government will fine them or simply nationalize the bank. It is very easy.

jpphilips:


C OF O is a tenancy agreement between the bearer and the Nigerian Government. If you denounce Nigeria, no previous legal agreement you have with Nigeria is binding, so the moment you accepted to Join Biafra, you have officially annulled your C of O.
The land use act of Nigeria placed land ownership solely in the hands of the State government, every Nigerian landowner is a tenant of the Government, the law only recognizes a form of compensation should the government have need for your land.
The law equally recognize that you can inherit lands and it is transferable as well, so definitely igbos with properties in the south east are so keeping theirs because Biafra is suppose to dissolve the existing state governments of its territories.

You will ask; what about foreigners who own landed properties in Nigeria? Most of them do so through Nigerian proxies except when such a person has been granted citizenship, though not illegal for foreigners to own properties here directly, in a breakaway situation, both sides are no longer friends as such they may change their laws to suit purpose, one of it is making land ownership or tenancy a citizen right, at that point, most Biafrans will kiss their properties goodbye!!

It is extremely f00lish to think Biafra is coming because a lvnatic said it over the radio, that is the only truth in the OP's question.

GrandGarcon:
You see, you don't know what you are talking about, do you know we are talking about almost all banks in present nigeria? The money that belongs to the nigerian banks will still belong to the nigerian banks even if Biafra comes. We are not usurpers like you people, but if Nigerian government does anything funny, we will nationalize those banks.

bakynes:
I see Igbos making a U-turn soon, they have a lot to loose if they seccessed.

90% of Igbos are making their money outside of Igbo land. Loosing everything to Nigeria means you are starting from the scratch.

The only way to achieve Biafra that will not start from the Scratch is to adopt a diplomatic means with the Nigerian state, if not Biafra might be worse than South Sudan.

Remember all African countries got their independence and some money to start from the Colonial masters, how will you finance your new country, remember all monies with Biafrans is the Nigerian Naira except the few dollars which I bet won't be enough. That means Biafra will have to start by Borrowing heavily from the World Bank and IMF to start their new country.

jpphilips:


maybe you just need a trip to Venezuela and Zimbabwe to understand what is left of their economies after nationalizing foreign companies, you don't pull assumptions out of your @rse, the world works differently.

jpphilips:



I am not sure you understand what Mortgage means

oyekanwahab:
on your own oo, u think it is every property that the bank would accept, am very sure the bank too would be very smart in deal with you guys cause their own na to make money, they would not want to make loss from paying fines u know what i mean

seunmsg:


Don't get it twisted at all, the day Biafra secedes legally, all Igbos living in any part of Nigeria will be doing so illegally. Government may round up all of them and throw them into prison or dump them at the Onitsha bridge depending on how the break up occurred. Nigeria's breakup will either be violent or on very hostile terms if violence is not involved. You people will be entitled to absolutely nothing once you succeed in breaking up the country. I will advice you all start selling your belongings now and relocate the ones that can be relocated to the east before it is too late. Igbos will not be allowed to own a pin in Nigeria once Biafra secedes. You cannot eat your cake and still have it.

Dumaknesset:


You see yaself again, you want to nationalize branches of Nigerian banks in Biafra, your loss go ahead. the headquarters are here in Lagos State, keep the branches while we keep the headquarters where the largest chunk of the monies are kept, but dont mix it up, banks cannot get properties for you guys, the banks are Nigerian banks not Biafran banks. The reality will be worse, just let the time come and keep living in denial.

Dumaknesset:
When I say Igbos don't think things through, you would not believe me, so you have not thought about it, yet you want secession.

I am a lawyer and here is a legal dimension.

First note that all lands in Nigeria by virtue of the Land Use Act, 1978 is owned by the state, federal government and local government accordingly. Developed parts are owned by the state through the state governor, the undeveloped parts are owned by the local government, while those areas acquired by federal government are owned by the Federal government.

Individuals and even corporate organizations are mere tenants to the the real owners, the governments! hence, the issuance of cofo, consent, excision, ratifications et al.

Once a property is abandoned as it will be, when the biafrans bolt, the properties will revert to the real owners that is the state government, local government or federal government vide a legal principle called bona vacantia.

Note the legal principle of quic quid plantatur solo solo cedit, he who owes the land owes what is on it, all the developments on the lands become that of the real owner.

All the biafrans properties will become that of Lagos state government, it will be the largest real estate deal in the world since igbos own 90 percent of real estate in Lagos state and Afonjas only own 0.2 percent of real estate in the east.

KahlDrogo:

emmadejust:


Does it not have its international stated law for duration to repatriated any personal belonging .

First it is wrong to say ownership of land is placed SOLELY in the hands of the State Governments. Here's the preamble to the Land Use Act 1978 cap L5 LFN 2004 which reads in part thus: An Act to Vest all Land compromised in the territory of each State (EXCEPT LAND VESTED in the FEDERAL GOVERNMENT or its AGENCIES ) solely in the Governor of the State , who would hold such Land in trust for the people....
In order words land is vested in both the Federal and State Government. Granted the preamble used the words solely but that is in respect of state land(what is state land is defined in the provisions of the State lands acquisition laws of the various States) see Osho v Foreign Finance Corporation (1991)4NWLR pt 184 or LSPDC v Foreign Finance Corp (1986)1NWLR pt 50.We know there are federal government lands throughout the federation.

secondly as per your first paragraph I'd opine that it's not so straightforward nor is it cast in black and white as far as our EXTANT citizenship laws are concerned because once a person declares allegiance to Biafra it does not AUTOMATICALLY translate to such a person ceasing to be a Nigerian EXCEPT
1) such a person renounces his citizenship by way of declaration
2)our laws are changed to reflect your position.

I am of this view because a citizen of Nigeria includes any person born in Nigeria after independence either of WHOSE PARENTS or GRANDPARENTS belongs or BELONGED to a community indigenous to Nigeria. And that practically covers all potential Biafrans who can stake a claim to Nigerian citizenship through their parents or grandparents (particularly those either of whose parents and grandparents are deceased) and this is even more so since our laws recognise dual citizenship. These are questions and arguments that could be tested in court and judicial pronouncements made to determine their status.

Third, foreigners can and do acquire property in Nigeria without resort to proxies. Acquisition of real estate in Nigeria is regulated by the provisions of the Acquisition of lands by Aliens Act for Abuja(corresponding laws exists in all the States) and under that law aliens can acquire property in Nigeria subject to certain conditions like Governor's consent etc. However in the immediate context of a situation where Biafra is declared these laws will not apply to determine the status of property ACQUIRED when they (Biafrans) were still Nigerians and before they ceased to be Nigerians. It can only apply if after the declaration of Biafra a Biafran seeks to acquire property in Nigeria.

So in sum I'd say there are legal angles to this issue which have to be sorted out by amendments of our laws and judicial pronouncements but based on our existing laws I do not think anything in relation to this matter is automatic. Perhaps there are international treaties and conventions which Nigeria is signatory to which regulates such situations I do not know. Cheers

Mujtahida:

Are you sure you KNOW of a particular founder of a bank? Was it not on nairaland that you read that account?

jpphilips:
author=Mujtahida post=57318101]



I stand to be corrected!!





Asking for biafra is denouncing Nigeria right?





Nigeria has every right to change her laws at will, it doesn't call for any debate, desperate times calls for desperate measures.





Getting a Governor's consent is not a walk in the park, most foreigners I know own properties through proxies, you obviously didn't read where i said that there is no law stopping them from doing so. The condition is rather stringent, it is funny when people like you make assumptions as if Nigeria is a dvmb fellow just sitting around to bear loses, the application of whichever law is upto the Nigerian authorities, you can't decide the direction it goes, one thing I am certain is that Nigeria will make decisions in the direction of her interest.
Which Law asked Niger deltans to seize Biafran properties in 1970? Don't you know that Nigeria gave them a tacit support to spite the biafrans, if not, the Abandoned property committee of the federal government, what did it achieve?






I have told you that in situations like that, Nigeria reserve the right to change its laws or do you have an example where a country is stopped from changing her laws?

fulanmafia:
IDEALLY No, but with the uncivil approach to secession adopted by IPOB characterized by threats, insults and blackmail targeted at the North, you can be sure that there will be no happy separation with smiling faces or any bi-lateral agreements between the parties concerned.