27/03/2025
Buying Property in Nigeria? Don’t Skip Due Diligence!Acquiring real estate is a big investment, and in Nigeria, failing to do proper checks can lead to major losses. Here are key steps to ensure you’re making a safe purchase:
✅ Verify the Seller’s Ownership – Request original documents like the Certificate of Occupancy (C of O), Deed of Assignment, or Survey Plan. Cross-check with the land registry.
✅ Conduct a Land Search – Visit the appropriate land registry to confirm if the property has any government acquisition, pending litigation, or encumbrances.
✅ Check Family/Community Land – If buying from a family or community, ensure all principal members consent to the sale to avoid future disputes.
✅ Confirm the Zoning & Land Use – Some lands are meant for agricultural, residential, or commercial purposes. Ensure it aligns with your intended use.
✅ Engage Professionals – Work with a real estate lawyer, surveyor, and estate agent to guide you through the process and spot any red flags.
✅ Get a Proper Deed of Assignment & Register It – Ensure the property transfer is documented legally and registered with the relevant authorities.Cutting corners can cost you millions! Do your due diligence, and invest wisely.
