The Lagos State University (LASU) has said the registration portal for the regularisation of encroached land of the institution will be from January 29 to June 30.
This was disclosed in the university’s official bulletin made available to the News Agency of Nigeria (NAN) on Friday in Lagos.
LASU said the affected illegal occupants were expected to pay a registration fee of N100, 000 which would be deducted from the total regularisation fee. “The regularisation fees will be calculated based on the land size, type of building and building use-commercial or private.
“Also, note that compliance deadline is April 30, first penalty phase is May 1 to June 30, with 25 per cent increase in the regularisation fee.
“The final penalty phase is July 1 to September 30, with 50 per cent increase in the regularisation fee,” it said.
The university also warned that any property not registered by September 30 would be repossessed.
“Following the regularisation exercise, Annual Land Use Charges and Rental Fees are payable to the Lagos State Government and LASU respectively,” it added.
