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How to Spot a Fake Property Listing in Nigeria Before You Lose Your Money

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  • Salam Participant

    Here’s the article:

    **How to Spot a Fake Property Listing in Nigeria Before You Lose Your Money**

    Nigeria’s real estate market holds genuine opportunity, but it also holds serious risk. Over 50% of real estate transactions in Nigeria involve some form of fraud or malpractice. Knowing how to identify a fake listing before you part with your money is not optional; it is survival.

    **The price is too attractive**

    One of the biggest red flags in a real estate scam is a property listed at an unbelievably low price. Scammers use cheap rates to lure victims, claiming they need to sell quickly due to an emergency. If a property in Lekki or Victoria Island is priced far below market rate, treat it as a warning, not a bargain.

    **You cannot inspect the property**

    Some fraudsters discourage buyers from inspecting a property before making payments. They might send fake pictures or make excuses about why you cannot visit the location. Always insist on a physical inspection. If the seller resists, walk away immediately.

    **Documents cannot be verified**

    Sellers sometimes present fake Certificates of Occupancy or claim non-existent government allocations. Always verify documents physically at the relevant state land bureau, such as LASLBA in Lagos or the FCDA in Abuja, and cross-check survey plans with the Surveyor-General’s Office.

    **The same property sold to multiple buyers**

    Scammers often forge property titles and sell the same property to multiple buyers. Always conduct a title search at the land registry to confirm authenticity and check for any existing liens or disputes.

    **Unverifiable agents**

    Always demand the agent’s NIESV or ESVARBON license number. Legitimate agents have signed agreements with property owners and will never request upfront cash payments before due diligence is completed.

    Nigeria’s property market rewards the patient and the prepared. Verify everything, rush nothing.

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