News
Ten Benefits of Joint Property Ownership in Nigeria by Dennis Isong

Owning property together with someone else can be a smart move in Nigeria. This is called joint property ownership.
Let’s look at ten good reasons why people choose to own property together in Nigeria.
1. Sharing the Cost Buying property in Nigeria can be very expensive. When you own property jointly with someone else, you can split the cost.
This makes it easier for many people to become property owners.
Imagine you want to buy a house that costs 20 million Naira. If you buy it alone, you need to pay the full 20 million. But if you buy it with a friend, you might only need to pay 10 million each. This makes it much easier to afford the house.
Sharing the cost doesn’t just help when you’re buying the property. It also helps with other expenses like: – Repairs and maintenance – Property taxes – Insurance
When you share these costs, owning property becomes less of a financial burden.
2. Easier to Get Loans Banks and other lenders often prefer giving loans to joint property owners. This is because there’s less risk for the bank when there’s more than one person responsible for paying back the loan.
If you apply for a mortgage loan alone, the bank might worry about your ability to pay it back. But if you apply with a co-owner, the bank sees that there are two incomes to rely on for repayment. This can make it easier to get approved for a loan and might even help you get better loan terms.
3. Sharing Responsibilities Owning property comes with many responsibilities. When you own property jointly, you can share these tasks with your co-owner. This can make property ownership less stressful and time-consuming.
For example, if the property needs repairs, one owner might handle finding a good contractor while the other deals with the paperwork.
If it’s a rental property, one owner could handle finding tenants while the other manages the finances.
Sharing responsibilities can lead to better property management because each owner can focus on what they’re best at.
4. Potential for Higher Returns When you pool resources with a co-owner, you might be able to invest in better properties.
These properties often have the potential for higher returns, either through rental income or when you sell the property later.
For instance, you and your co-owner might be able to afford a property in a prime location that you couldn’t buy alone. Properties in good locations often increase in value faster than those in less desirable areas.
5. Risk Sharing Property ownership always comes with some risks. These might include: – The property losing value – Unexpected repair costs – Legal issues When you own property jointly, you share these risks with your co-owner. This can make the risks feel less overwhelming. If something goes wrong, you’re not facing the problem alone.
When you own property jointly, you can share these tasks with your co-owner. This can make property ownership less stressful and time-consuming.
6. Tax Benefits In Nigeria, there can be tax advantages to joint property ownership.
For example, if the property generates income (like rent from tenants), the tax burden is split between the owners.
This might put each owner in a lower tax bracket than if they owned the property alone.
It’s important to note that tax laws can be complicated and change over time.
It’s always a good idea to talk to a tax expert about your specific situation.
7. Estate Planning Advantages
Joint property ownership can make things easier when it comes to inheritance. In many cases, when one owner dies, their share of the property automatically goes to the other owner(s). This is called the “right of survivorship.”
This can simplify the process of passing on property to heirs. It can help avoid some of the complications and delays that often come with settling an estate.
8. Flexibility in Ownership Structure There are different ways to structure joint property ownership in Nigeria. You can choose the structure that works best for your situation.
Some common options include: – Joint Tenancy: All owners have equal rights to the property. – Tenancy in Common: Owners can have unequal shares of the property. – Partnership: Often used for business properties.
This flexibility allows you to set up the ownership in a way that’s fair and makes sense for everyone involved.
9. Learning Opportunities When you own property with someone else, you have the chance to learn from each other. Your co-owner might have skills or knowledge that you don’t have.
For example, one owner might be good at negotiating with contractors, while the other is skilled at budgeting and financial planning.
By working together, both owners can learn new skills and become better property managers.
10. Social and Emotional Benefits Owning property together can strengthen relationships. Whether you’re co-owning with a family member, friend, or business partner, working towards a common goal can bring people closer together.
There’s also an emotional benefit to knowing that you’re not alone in this big financial decision. Having someone to share the ups and downs of property ownership with can make the experience more enjoyable.
Things to Keep in Mind While joint property ownership has many benefits, it’s important to be careful when choosing this option.
Here are a few things to consider: – Choose your co-owner wisely. Make sure it’s someone you trust and can work well with. – Have a clear agreement.
Write down how you’ll share costs, responsibilities, and profits. – Plan for the future. Discuss what will happen if one owner wants to sell their share or can’t pay their part. – Get legal advice.
A lawyer can help you understand all the legal aspects of joint ownership.
Joint property ownership in Nigeria can be a great way to get into the property market, share costs and responsibilities, and potentially earn better returns.
It offers financial benefits, practical advantages, and even social and emotional rewards. However, it’s not a decision to be taken lightly.
It’s important to carefully consider your options, choose your co-owner wisely and set up a clear agreement.
With the right preparation and partner, joint property ownership can be a rewarding experience that helps you achieve your property ownership goals in Nigeria.
Remember, every situation is unique.
What works well for one group of co-owners might not be the best choice for another.
Always consider your own circumstances and goals when deciding whether joint property ownership is right for you.
Crime
Plateau: Military Operation Neutralizes Bandits

Troops of the 3 Division of the Nigerian Army in conjunction with the Operation Safe Haven (OPSH) under Operation Lafiyan Jama’a have neutralized several bandits during joint operations in Bokkos Local Government Area of Plateau State.
A statement issued on Friday by the Defence Headquarters (DHQ) stated that the clearance operation which took place on Thursday, July 3, led to the killing of scores of bandits.
The statement reads: “In continuation of ongoing efforts to rid the Joint Operations Area (JOA) of criminal elements, troops of 3 Division/Operation SAFE HAVEN under Operation LAFIYAN JAMA’A have sustained aggressive kinetic operations in Bokkos Local Government Area of Plateau State, yielding commendable outcomes.
“On 3 July, 2025, troops carried out a clearance operation in the rugged terrains of Tulus and Hokk Communities, located along the Plateau–Nasarawa State border.
“During the mission, contact was made with armed militias in Hokk, leading to a brief but decisive firefight. Several bandits were neutralised, while others fled into surrounding forests.
“Troops conducted a thorough exploitation of the area and, though no further contact was established, have maintained control through mobile and static patrols to disrupt any regrouping attempts.
“These successful actions reaffirm the resolve of security forces to dismantle criminal syndicates and prevent the proliferation of illicit weapons threatening peace and security within the Joint Operations Area.”
Crime
JUST IN: Kidnapped Bayelsa Judge, Umukoro, regains freedom

After 13 days in captivity, Justice Ebiyerin Omukoro, a Bayelsa State High Court Judge, who was kidnapped by gunmen, has been released.
The judge was abducted on June 21, 2025, around 7pm by gunmen dressed in combat fatigue in front of a popular eatery at the Ekeki suburb of Yenagoa.
It was gathered that Justice Omukoro was released on Thursday evening and is still with security operatives.
News
Masobe Books to Publish Groundbreaking Essay Collection by Dr. Dakuku Peterside on Nigeria

Masobe Books, a leading publisher of Nigerian literature, today announced the upcoming release of a highly anticipated essay collection by Dr. Dakuku Peterside, a prominent figure in Nigerian public life.
The collection, which is titled: Beneath the Surface: Essays on Nigeria’s Chequered Journey, a powerful new work by renowned columnist and public policy expert, Dr. Dakuku Peterside.
Dr. Peterside, known for his contributions to policy, economics, and thought leadership, has compiled a series of essays exploring a range of critical issues facing the nation.
The collection is expected to delve into topics such as governance, economic development, social justice, national unity, security challenges, the future of democracy, and the role of youth.
“We are incredibly excited to be publishing Dr. Peterside’s work,” said [Name and Title of a Masobe Books representative, ideally the publisher].
“His deep understanding of Nigeria, combined with his clear and articulate writing style, makes this collection essential reading for anyone interested in the country’s present and future.”
Masobe Books anticipates that the collection will appeal to a broad audience, including policymakers, academics, students, and the general public.
Slated for publication in October 2025 under the publisher’s Makere imprint, the book promises to spark critical conversations about Nigeria’s past, present, and future.
Further details, including the title of the collection and planned promotional events, will be announced in the coming weeks.
Dr. Dakuku Peterside has a distinguished career, having served as a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), a former member of the House of Representatives.
He is widely respected for his expertise and contributions to national discourse.
The essay collection offers a panoramic exploration of Nigeria’s complex landscape—its economy, governance, youth energy, leadership challenges, and international standing.
Described as a “360-degree perspective” on the country’s evolving narrative, the book digs deep into the nation’s layered experiences and contradictions.
The book has already received high praise from thought leaders. Renowned Kenyan scholar, Professor P.L.O. Lumumba, hailed it as “a manual that every conscientious person in authority should read.”
Bishop Matthew Kukah called it “a window for future exploration of the options for a new Nigeria,” while Prof. Kyari Mohammed declared it “a must read for policy makers, academics and the general reader.”
Masobe Books has announced plans for formal launch events in Lagos and Abuja to accompany the book’s international and local release.
This marks Dr. Peterside’s third major publication, following Strategic Turnaround and Leading in a Storm.
For inquiries and updates, the public is encouraged to contact Theresa Ominiabohs at Masobe Books or visit www.masobebooks.com.
The publisher can also be followed on Instagram and Twitter via @masobebooksng.
-
Politics3 days ago
Rauf Aregbesola emerges ADC interim National Secretary
-
News3 days ago
NYCN Rivers Plans Peace and Reconciliation Summit, Extolls Wike and Fubara
-
Health3 days ago
ESUT inducts 70 graduates into nursing profession
-
News1 day ago
BREAKING: Many feared dead in Lagos building collapse
-
Politics2 days ago
BREAKING: Former Senate President David Mark resigns from PDP
-
Sports1 day ago
JUST IN: Liverpool star Diogo Jota, brother dies in car crash days after his wedding
-
Politics1 day ago
Atiku, Obi, Mark Unite Under ADC Banner to Challenge Tinubu in 2027 Elections
-
Entertainment1 day ago
Diddy denied bail after being cleared of most serious charges