How to Avoid Land Scams in Nigeria

Jul 18, 2023 | Smart Investment | 0 comments

Land scams are a serious problem in Nigeria, and it is important to be aware of them if you are considering investing in land. By following these tips, you can reduce the risk of being scammed.

  • Conduct due diligence. Before you buy any land, it is important to conduct due diligence and understand the local market. This includes understanding the demand for land in the area, the current prices, and the potential for future growth. You can do this by talking to real estate agents, lawyers, and other professionals who are familiar with the land market in Nigeria.
  • Verify the land title. Make sure that the land you are buying has a valid land title. This will protect you from buying land that is already owned by someone else. You can verify the land title at the Land Registry Office in the area where the land is located.
  • Check the zoning. Make sure that the land you are buying is zoned for the type of development you are interested in. This will avoid any problems with the local government in the future. You can check the zoning at the Town Planning Department in the area where the land is located.
  • Get a survey. It is a good idea to get a survey done on the land you are buying. This will ensure that the boundaries of the land are accurate and that there are no encroachments. You can get a survey done by a licensed surveyor.
  • Be wary of sellers who are offering deals that seem too good to be true. If a seller is offering to sell you land for a fraction of the market price, it is likely a scam. Be especially wary of sellers who are asking you to pay in cash or by wire transfer.
  • Never pay for land in cash. Always use a bank transfer or other secure payment method. This will protect you in case the seller is not legitimate.
  • Get everything in writing. Make sure that you have a written contract that clearly outlines the terms of the sale. This will protect you in case there are any disputes down the road.
  • Beware of sellers who are unwilling to meet you in person. If a seller is unwilling to meet you in person, it is likely a scam. Be sure to meet the seller in person and inspect the land before you make any payments.
  • Report any suspicious activity to the authorities. If you suspect that you have been the victim of a land scam, report it to the police or other law enforcement agency. This will help to protect other potential victims.

By following these tips, you can reduce the risk of being scammed when investing in land in Nigeria.

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