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Plantilla de VEHICLE CHANGE OF OWNERSHIP AGREEMENT — 🇳🇬 Nigeria

This document is a private sales agreement that facilitates the change of ownership process for a vehicle in Nigeria. It is legally required to be accompanied by the official Form MVA 5 (Vehicle Change of Ownership Application Form) and other supporting documents for submission to the Motor Licensing Office and Federal Road Safety Corps (FRSC). Failure to complete the official transfer within approximately 30 days can lead to penalties and invalidate the vehicle's registration. Always verify the latest requirements and fees with your state's Motor Licensing Office or the FRSC, as procedures and costs can vary slightly by state.

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VEHICLE CHANGE OF OWNERSHIP AGREEMENT

This Vehicle Change of Ownership Agreement records the legal transfer of a motor vehicle from the Seller to the Buyer in Nigeria and forms a crucial part of the official change of ownership process. It is intended to be used in conjunction with official forms such as Form MVA 5.

1. PARTIES

This Vehicle Change of Ownership Agreement ("Agreement") is made and entered into on this [AGREEMENT DATE (DAY)] day of [AGREEMENT DATE (MONTH)], [AGREEMENT DATE (YEAR)]. BETWEEN: [SELLER'S FULL NAME] of [SELLER'S ADDRESS], [SELLER'S CITY], [SELLER'S STATE], Nigeria, bearing National Identification Number (NIN) [SELLER'S NATIONAL IDENTIFICATION NUMBER (NIN)] and Driver's Licence Number [SELLER'S DRIVER'S LICENCE NUMBER], expiring on [SELLER'S DRIVER'S LICENCE EXPIRY DATE] (hereinafter referred to as "the Seller"); AND [BUYER'S FULL NAME] of [BUYER'S ADDRESS], [BUYER'S CITY], [BUYER'S STATE], Nigeria, bearing National Identification Number (NIN) [BUYER'S NATIONAL IDENTIFICATION NUMBER (NIN)] and Driver's Licence Number [BUYER'S DRIVER'S LICENCE NUMBER], expiring on [BUYER'S DRIVER'S LICENCE EXPIRY DATE] (hereinafter referred to as "the Buyer"). The Seller and the Buyer are hereinafter collectively referred to as "the Parties" and individually as "Party".

2. VEHICLE DESCRIPTION

The subject of this Agreement is the following motor vehicle (hereinafter referred to as "the Vehicle"): Make: [VEHICLE MAKE] Model: [VEHICLE MODEL] Year of Manufacture: [YEAR OF MANUFACTURE] Colour: [VEHICLE COLOUR] Registration Number: [VEHICLE REGISTRATION NUMBER (PLATE NUMBER)] Chassis Number (Vehicle Identification Number - VIN): [CHASSIS NUMBER (VIN)] Engine Number: [ENGINE NUMBER] Odometer Reading at Transfer: [ODOMETER READING (KM)] km Body Type: [VEHICLE BODY TYPE]

3. CONSIDERATION AND PAYMENT

3.1. The Seller hereby agrees to sell and transfer the Vehicle to the Buyer, and the Buyer hereby agrees to purchase the Vehicle from the Seller, for the total sum of [SALE PRICE (₦)] ([SALE PRICE (WORDS)]) Nigerian Naira (₦). 3.2. The Buyer shall pay the said sum to the Seller by way of [PAYMENT METHOD] on or before the effective date of transfer of possession as specified in Clause 5.1 below. The Seller acknowledges receipt of the full payment or an agreed deposit as specified in an attached payment receipt.

4. SELLER'S REPRESENTATIONS AND WARRANTIES

4.1. The Seller represents and warrants to the Buyer that: a. The Seller is the sole legal and beneficial owner of the Vehicle and has full authority to sell and transfer the Vehicle. b. The Vehicle is free from all liens, charges, encumbrances, and security interests whatsoever, and the Seller has the right to transfer clear title to the Buyer. c. The Vehicle has not been reported stolen, is not subject to any police investigation, and is not involved in any legal dispute. d. The odometer reading stated in Clause 2 is accurate to the best of the Seller's knowledge and belief. 4.2. The Vehicle is sold on an "AS IS, WHERE IS" basis, without any further warranties, express or implied, as to its condition, roadworthiness, or fitness for any particular purpose, except as expressly stated in this Agreement. The Buyer acknowledges that they have inspected the Vehicle or have had the opportunity to inspect the Vehicle and are satisfied with its condition.

5. TRANSFER OF OWNERSHIP AND POSSESSION

5.1. The effective date of the transfer of ownership and physical possession of the Vehicle shall be [DATE OF VEHICLE TRANSFER]. 5.2. Upon the effective date of transfer, the Seller shall deliver the Vehicle, together with all keys, relevant original documents including the Proof of Ownership Certificate (POC), Plate Number Allocation Form (Blue Form), purchase receipt, and current roadworthiness certificate (if applicable), to the Buyer at [VEHICLE DELIVERY LOCATION]. 5.3. All risks associated with the Vehicle shall pass from the Seller to the Buyer upon the transfer of physical possession and completion of payment. The Buyer shall be solely responsible for obtaining new insurance coverage for the Vehicle from the effective date of transfer.

6. BUYER'S ACKNOWLEDGEMENT AND RESPONSIBILITIES

6.1. The Buyer acknowledges receipt of the Vehicle in its current condition as inspected and accepts full responsibility for its maintenance, use, and any liabilities arising therefrom, effective from the date of transfer. 6.2. The Buyer undertakes to promptly complete all necessary official documentation and procedures for the change of ownership with the relevant authorities, including but not limited to the Motor Licensing Office, Vehicle Inspection Office (VIO), and the Federal Road Safety Corps (FRSC), within the legally prescribed period (typically 30 days from the date of sale). 6.3. The Buyer shall be responsible for all fees, levies, and taxes associated with the transfer of ownership and subsequent registration, licensing, and roadworthiness certification of the Vehicle in their name.

7. INDEMNIFICATION

The Buyer agrees to indemnify and hold harmless the Seller from and against any and all claims, demands, liabilities, costs, and expenses (including legal fees) arising from the ownership, use, or operation of the Vehicle from and after the effective date of transfer of ownership and possession.

8. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, particularly the National Road Traffic Regulations 2012 and other relevant state and federal statutes.

9. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties with respect to the sale and purchase of the Vehicle and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating thereto. No amendment or modification of this Agreement shall be valid unless made in writing and signed by both Parties.

10. SEVERABILITY

If any provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal, or unenforceable, such provision shall be severed from this Agreement, and the remaining provisions shall continue in full force and effect.

11. NOTICES

Any notice or communication required or permitted under this Agreement shall be in writing and delivered personally, sent by registered mail, or by email to the addresses specified in Clause 1, or to such other address as a Party may designate by written notice to the other Party.

12. DISPUTE RESOLUTION

Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall first be resolved through amicable negotiations between the Parties. If the dispute cannot be resolved amicably within thirty (30) days, either Party may refer the matter to litigation in a court of competent jurisdiction in Nigeria.

13. EXECUTION AND OFFICIAL FILING

The Parties acknowledge that this Agreement serves as a private sales agreement to facilitate the formal change of ownership process, which requires the completion and submission of official forms such as Form MVA 5 (Vehicle Change of Ownership Application Form) to the appropriate Motor Licensing Office. Both Parties agree to cooperate fully in completing all necessary official documentation and procedures required by the Federal Road Safety Corps (FRSC), Vehicle Inspection Office (VIO), and other relevant authorities to effect a legal transfer of ownership.

SIGNATURES

Seller — Signature

Printed Name: ________________________

Date: ______________

Witness to Seller — Signature

Printed Name: ________________________

Date: ______________

Buyer — Signature

Printed Name: ________________________

Date: ______________

Witness to Buyer — Signature

Printed Name: ________________________

Date: ______________

Sobre esta Plantilla de VEHICLE CHANGE OF OWNERSHIP AGREEMENT

Once a vehicle sale is agreed, the paperwork isn't finished — the buyer still has to formally update the vehicle's particulars with the state Motor Vehicle Administration Agency, usually starting with Form MVA 5, before the car is legally registered in their name.

This agreement sits alongside that official process rather than replacing it. It records what a private sale agreement normally covers — the parties, the vehicle, the price, the terms — but is framed specifically around supporting the change-of-ownership application. Under the National Road Traffic Regulations 2012, completing that transfer isn't optional: driving on old registration after a sale can complicate insurance claims and roadworthiness compliance for the buyer, and it leaves the seller exposed to fines or liability for anything the vehicle is involved in under their name.

Form MVA 5 is the government form that formally notifies the authorities of the change — it's obtained at the Motor Licensing Office, not improvised, and it's what the FRSC's National Vehicle Identification System and the Central Motor Registry rely on to update ownership records. Alongside it, a buyer typically needs the seller's original Proof of Ownership Certificate, the plate number allocation form, proof of payment, valid ID for both parties, a roadworthiness certificate from the Vehicle Inspection Office, and new insurance in the buyer's name.

The agreement itself should record full details for both seller and buyer — names, addresses, NIN, driver's licence — the vehicle's make, model, year, colour, plate number, chassis number, engine number, and odometer reading, the price paid, and the date ownership and risk actually passed. An "as is" clause covering the vehicle's condition after inspection is standard, alongside the seller's warranty that they're the legitimate owner and the vehicle is free of encumbrances.

Processing time varies by state — some, like Lagos, have digitized enough of the process to complete a transfer within a few days, while others still take longer. Total cost is a mix of the change-of-ownership fee, roadworthiness inspection, a new plate if needed, and possibly stamp duty, and it's worth checking current rates directly with the relevant state office rather than assuming a fixed figure. The most common reason an application gets held up is a mismatch — chassis number, engine number, or plate number on the paperwork not matching the vehicle itself — so verifying those details before submitting anything saves a second trip.

Delaying the formal change of ownership after a sale leaves the vehicle registered to someone who no longer owns it, which can complicate insurance claims, traffic offences, or a later resale.