HOW TO BUY LAND/BUILDING IN NIGERIA SAFELY

HOW TO BUY LAND/BUILDING IN NIGERIA SAFELY

A property mistake can cost you more than the purchase price.

It can cost you the land/building, your hard-earned money and legal battles.

Many people enter property transactions in Nigeria believing that trust, familiarity, recommendation or impressive-looking documents are enough to keep them safe.

Buying property in Nigeria can be like entering a jungle. Fraud does not announce itself. It often comes with convincing stories, friendly smiling faces and documents that appear genuine.

A seller may have documents but have no legal right to sell. A land/building may be affected by dispute, Government acquisition, court cases, mortgages or competing ownership claims, yet these problems will be visible to an unsuspecting buyer.

So legal due diligence (investigation) is important. It is investigating the property, seller and the ownership history before paying.

It helps uncover unseen risks that could cause you losses.

Many buyers only consult a Lawyer after a problem arises. By then irreversible damage may have been done.

Prevention is mostly far less expensive than correction.

This also applies to Nigerians in the diaspora. Distance means relying on information provided by others. Without independent legal verification, the risks increase significantly.

Before paying a deposit or signing any document, consult an experienced Property/Real Estate Lawyer.

Trust is not a substitute for verification. Investigate first.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com