How to Avoid Real Estate Scams in Nigeria
Real estate scams in Nigeria are stealing the dreams of hardworking people every day. From fake land documents to phantom properties, scammers have become smarter — but so can you.
In this post, you’ll learn:
- Why scams are so rampant
- The red flags to watch out for
- Smart, practical steps to protect your money and peace of mind
Let’s dive in.
Why Real Estate Scams Are So Common in Nigeria
Real estate is booming in Nigeria — and so are the fraudsters. Here’s why:
- High demand for property: Everyone wants land, and that urgency creates a gap for exploitation.
- Low awareness of legal processes: Many buyers don’t know what documents to request or verify.
- Desperation to “buy cheap”: Some deals sound too good to resist — and that’s the bait.
- Lack of regulation: Informal agents operate freely with no licenses or oversight.
Bottom line? If you’re not informed, you’re vulnerable.
7 Red Flags That Scream “SCAM!”
Here are common tactics used by fraudsters — don’t fall for them:
1. No Proper Documentation
If the seller can’t show a Certificate of Occupancy (C of O) or at least a valid Deed of Assignment and a survey plan, walk away. No paper, no property.
2. Too-Good-To-Be-True Prices
₦500k for land in Lekki? Be serious. Scammers use low prices to trigger FOMO. Always compare with market rates.
3. “Pay Now or Lose the Deal” Pressure
They’ll say: “We have other buyers waiting” or “Just pay and inspect later.” That’s a trap. Make sure you do proper due diligence first.
4. No Physical Site Visits Allowed
A genuine seller will take you to the site — or even meet you there. If they keep stalling or only show pictures, it’s shady.
5. Land Being Sold by “Family Reps”
Be careful when “family members” claim to sell ancestral land. Who exactly owns it? Get it in writing — and verified.
6. Fake or Unregistered Real Estate Companies
No website, no CAC registration, traceable office. That’s a red flag. Do your homework.
7. No Receipts or Agreements
If someone tells you “Don’t worry, we’ll sign it later,” worry, and don’t pay.
How to Protect Yourself: Smart Buyer Tips
Here’s how to stay sharp and safe:
Always Verify Documents
Check the land title at the local Land Registry. Engage a property lawyer or surveyor to confirm all documents are legit.
Don’t Skip Site Inspections
See it. Touch it. Ask neighbors questions. Confirm that what’s on paper exists on ground.
Work With Registered Professionals
Use verified agents, lawyers, and surveyors. Ask for CAC registration and NIESV/ESVARBON certification.
Pay With Traceable Channels
Use bank transfers, not cash. Keep receipts, stamped agreements, and copies of the seller’s ID.
Use a Lawyer for Documentation
Even if it’s “family land,” don’t sign a thing without legal advice. Lawyers help draft binding agreements that protect you in court.
What to Do If You’ve Been Scammed
If you suspect you’ve fallen victim:
- Report to the EFCC or Nigerian Police Special Fraud Unit.
- Consult a property lawyer to recover what you can.
- Share your experience online — you might save someone else.
Conclusion
Buying land or property in Nigeria is a big deal — and it should be a blessing, not a burden. Take your time. Ask questions. Get legal help. Verify everything.
Remember, if it sounds too sweet to be true… it probably is.
Still confused about how to spot a real estate scam? Let’s walk you through it — one safe step at a time. Click here to get started.”
