This paper examines land policies on acquisition and compensation practice in Nigeria with the aim of minimizing conflicts in land acquisition and compensation.It further explains the implications of uncoordinated land allocations arising from informal transactions.The paper used self-administered questionnaires on all the fifteen(15)registered estate firms in the 2009 NIESV Directory in Benin City,Edo state to obtain information that helped to determine the fairness of compensation practice and causes of conflict in some communities in the state.The paper revealed that the compensation on acquired landed properties in Nigeria violated the principles of good governance as against what is obtainable in advanced countries.It also observed that inadequacy of compensation paid and delay in payment are the causes of conflict between the acquiring authorities and the affected community/people.The paper concluded that a review of land policies on acquisition and compensation will be a panacea for achieving the principles of good governance.
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