Power of Attorney-When Acquiring Properties; Specific Things You Have to Know About Power of Attorney.

According to Lectric Law Library; A Power of Attorney is a document that allows you to appoint a person or organization to handle your affairs while you're unavailable or unable to do so. The person or organization you appoint is referred to as an "Attorney-in-Fact" or "Agent."

Specific things you have to know about Power of Attorney are these:

i. It must relate to the property offered for sale and makes reference to the documents covering the property.

ii. The name of seller and his signature must be an authority with the specific mention of the name of the person so authorized.

iii. If the owner of the land who is making the Power of Attorney is an illiterate, it must have been so stated on the said document and there must be a column there where “ILLITERATE JURAT” is written to the effect that the content was read and interpreted by a named person to the owner before he appended his signature or his mark on the Power of Attorney.

iv. The said Power of Attorney must bear duty stamp ( of the government)

v. If the Agent/Attorney claims that he has authority to conclude the transaction, the said Power of Attorney must also have been made under seal i.e. it must have a seal on it and must have been registered at the lands registry of that or Federal Government Ministry. Note that the sign of stamp duty is not same as registration. You will need to see some reference Nos. on it, which Nos. you can use to verify at the Government Registry the genuineness or otherwise of that document.

Note: that if the maker of that Power of Attorney is dead, the Power of Attorney is irrevocable or conferred with valuable consideration.

sample 1 of Power of Attorney

sample 2 of Power of Attorney

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