There’s a popular Nigerian saying, “no padi for jungle” meaning in the wild, there are no friends, only survival.
If you have ever considered buying land or property in Nigeria, understand that it is a jungle, and anyone walking in unarmed is either extremely naïve or dangerously overconfident.
This jungle isn’t filled with lions or snakes. No, here the predators wear suits, hold documents and smile disarmingly. They come as land vendors, estate agents, community representatives and developers.
If you slack, they will bite you in the ass and the wound might never heal..
In the Property Jungle, trust Is a liability. Never trust anyone in a land transaction without verifying claims.
Many buyers assume that because an estate developer has a billboard, an Instagram page, or branded T-shirts, they must be legit. But fraud has upgraded. Scammers now use Lawyers’ names without consent, show you fake allocations and produce counterfeit documents that could fool you.
Due diligence is the only way to know the true history, ownership status, legal standing and potential risks of a property.
Due diligence isn’t done by asking the vendor questions or peeping through documents yourself. It is systematic legal investigation.
Imagine saving for years to buy your dream plot only to find out you own nothing but paper.
Before you fall in love with the land, fall in love with the facts.
Before you commit a kobo, commit to due diligence.
Before you say “yes,” let your lawyer say “go.”
It is not rude to question every document. It is not excessive to ask for proof. It is not paranoid to delay payment until due diligence is complete.
In fact, it is the only intelligent way to survive the jungle.
There are no friends in the jungle; only the informed and the victims.
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APEX CHAMBERS, Law Firm of best Property/Real Estate and Business Lawyers, Attorneys, Barristers, Solicitors and Notary Public in Port Harcourt, Nigeria