Change of Ownership

40,000.00

Category:

Transferring ownership of a vehicle in Nigeria involves several steps for both the buyer and seller. Here’s a breakdown of the process:
Step 1: Vehicle Inspection (Optional)
While not mandatory everywhere, getting a pre-purchase vehicle inspection is recommended. This will identify any underlying issues with the car and help determine a fair price.
Step 2: Form MVA 5
The seller needs to obtain a Form MVA 5 from the Federal Road Safety Corps (FRSC) or Motor Vehicle Administration Agency (MVAA) office. This form notifies the authorities about the change in ownership.
Step 3: Transfer Form
Both parties should have a written agreement outlining the details of the sale. This document should include information like vehicle details, sale price, and signatures from both buyer and seller.
Step 4: Gather Required Documents

Original proof of ownership (seller)

Original allocation of plate number (blue form) (seller)

Original vehicle receipt (seller)

Valid third-party insurance certificate (seller)

Letter of transfer of ownership (both parties)

Valid ID of the buyer (buyer)

Passport photograph of the buyer (buyer)

Valid affidavit (buyer)

Driver’s License (buyer)

Police report acknowledging the change in ownership (may vary by location)

Step 5: Complete the Process and Pay Fees
Visit the FRSC or MVAA office together. Submit the completed Form MVA 5, transfer documents, and all required documents. Pay any applicable fees for processing the ownership change.
Additional Points

The seller should inform the FRSC/MVAA within 30 days of the sale.

If the vehicle is imported, proof of import duty payment or exemption certificate might be needed.

Consider using a licensed agent to help navigate the process.

For more details and any regional variations, you can search online for “how to change car ownership in Nigeria”.

Reviews

There are no reviews yet.

Be the first to review “Change of Ownership”

Your email address will not be published. Required fields are marked *

Scroll to Top