How to Avoid Property Scams and Fraud in Lagos Real Estate
Lagos, Nigeria’s bustling commercial capital, is a hotspot for real estate investments. From luxury apartments to prime commercial land, the opportunities are endless. However, alongside these opportunities is the unfortunate reality of property scams and fraud, which can cost buyers and investors huge sums of money.
At The Wallington Realties Limited, we’ve helped hundreds of clients navigate Lagos’ real estate market safely and confidently. In this guide, we break down practical strategies to avoid property scams and protect your investments.
Understand the Common Types of Property Scams in Lagos
Before you can protect yourself, it’s important to know the common scams in Lagos real estate:
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Fake Property Listings: Scammers create listings for properties they do not own or do not exist.
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Duplicate Certificates of Occupancy (C of O): Fraudsters may use forged C of Os to sell land illegally.
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Ghost Agents: Individuals claiming to be licensed agents or developers who demand upfront fees without providing legitimate services.
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Illegal Land Sales: Selling government-owned or disputed land without proper consent or documentation.
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Advance Payment Scams: Requests for “processing fees” or deposits before any formal agreement or verification.
Knowing these tactics is the first step toward protecting yourself.
Verify Ownership and Property Documents
The most important safeguard against fraud is proper verification of property ownership. Ensure the property has all legitimate documentation, including:
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Certificate of Occupancy (C of O): Confirms legal ownership and right to occupy the land.
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Deed of Assignment: Transfers ownership from the seller to the buyer legally.
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Governor’s Consent: Required by law for all land transfers in Lagos.
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Survey Plan: Shows exact boundaries and location of the property.
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Building Plan Approval: Ensures the property is constructed according to regulations.
At The Wallington Realties, we cross-check every document with the relevant government registries to guarantee authenticity before recommending any property.
Work Only with Licensed and Reputable Agents
One of the most effective ways to avoid scams is by working with verified and licensed real estate professionals. Here’s what to look for:
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Confirm their real estate license and professional registration.
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Check online reviews or testimonials from previous clients.
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Avoid agents who pressure you into paying fees upfront or refuse to provide proper documentation.
Conduct On-Site Visits
Never rely solely on online listings or photos. Visiting the property in person allows you to:
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Confirm the property’s actual location and condition.
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Verify existing structures and boundary markers.
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Meet local authorities or neighbors who can provide additional verification.
In cases where clients cannot visit, The Wallington Realties offers virtual tours and professional inspection services to ensure confidence before purchase.
Carry Out Legal and Government Checks
Before any purchase, it’s crucial to conduct official verification with government offices:
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Land Registry Search: Confirms the property’s legal ownership and any encumbrances.
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Check for Government Acquisition: Ensure the property is not under compulsory acquisition or restricted development zones.
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Verify Tax Payments: Confirm that all property-related taxes are up to date.
Be Wary of Unrealistic Offers
If a deal seems too good to be true, it probably is. Watch out for:
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Properties priced far below market value.
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Promises of fast registration or shortcuts in documentation.
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Pressure to pay large sums immediately.
Use Written Agreements and Receipts
Never rely on verbal agreements. Always demand:
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Signed contracts or sales agreements drafted by a licensed lawyer.
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Official receipts for all payments, clearly stating the property details and parties involved.
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Tenancy agreements if renting or leasing property.
Proper documentation protects you in case of disputes and ensures legal recourse is available.
Consult Experienced Real Estate Professionals
Scams often target first-time buyers or investors unfamiliar with Lagos property regulations. Partnering with experts ensures:
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Complete document verification.
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Guidance through legal, consent, and registration processes.
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Peace of mind knowing your investment is secure.
At The Wallington Realties, we combine deep market knowledge, verified listings, and professional guidance to help clients make safe, informed property decisions.
Don’t let fraud or scams threaten your Lagos property dreams. Contact The Wallington Realties Limited for a free consultation and start your property journey the safe way.
