16/09/2025
Before buying land from a developer read thisđ
Every day, people rush into property deals because the price sounds sweet or the estate advert looks fine. Then later, they hear stories of EFCC, court cases, or multiple buyers dragging the same land.
Why does this happen? Because some developers fall into trouble for things like:
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Selling one land/house to more than one buyer.
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Using land without genuine title or government approval.
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Running estate subscription like a Ponzi scheme.
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Using property sales to launder money.
Before you pay any developer, take note of this:
1. Verify title â Donât stop at allocation paper or agreement. Ask for C of O, R of O, or genuine title document. Cross-check at the land registry.
2. Check approvals â Is the land zoned for housing? Any government acquisition wahala?
3. Investigate the developer â Do they have a track record of delivering houses or only fine billboards everywhere?
4. Insist on proper receipts and agreements â Not handwritten notes or flimsy acknowledgments.
5. Carry your lawyer along â Itâs cheaper to pay a lawyer for due diligence than to lose millions later.
Pepper soup wisdom: A house is not groundnut you buy by the roadside. Shine your eyes before you subscribe, so your property dream wonât turn to police case.