HOW DUE DILIGENCE SAVED A NIGERIAN IN PHILADELPHIA FROM BUYING GOVERNMENT LAND NEAR PORT HARCOURT

HOW DUE DILIGENCE SAVED A NIGERIAN IN PHILADELPHIA FROM BUYING GOVERNMENT LAND NEAR PORT HARCOURT

Last week a Nigerian based in Philadelphia, USA, contacted Apex Chambers, Property and Business Lawyers/Attorneys/Barristers, to conduct due diligence on a piece of land he intended to buy in Ipo, Rivers State.

The land was being sold by a real estate company that presented documents claiming full ownership. However, having handled numerous land transactions in Nigeria, we knew better than to take their word for it.

Our investigations revealed a shocking truth—the land was government-owned and not available for private purchase. It had been acquired by the government for public use, meaning any private transaction involving the land was unlawful.

Had our client proceeded with the purchase, he would have lost millions of naira, as the government could reclaim the land at any time without compensation.

This case explains why you must never skip due diligence when buying land in Nigeria. Many buyers fall victim to fraudsters and real estate companies that sell lands that have hidden issues. By engaging a Property Lawyer, our client avoided the pains of having to lose his property in investment in the future.

Get a Property Lawyer to be sure that you are investing in lands that are genuine, safe, and free from government acquisition.

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APEX CHAMBERS, best Law Firm of Property/Real Estate and Business/Corporate Lawyers, Attorneys, Barristers & Solicitors in Port Harcourt, Nigeria.

Phone: +234(0)7030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com