WHY YOU MUST ALWAYS ASK FOR A PAYMENT RECEIPT WHEN BUYING LAND OR HOUSE IN NIGERIA

WHY YOU MUST ALWAYS ASK FOR A PAYMENT RECEIPT WHEN BUYING LAND OR HOUSE IN NIGERIA

Osita, a rig worker thought he had found his dream land (10 plots) near Port Harcourt. He paid the seller (his friend’s uncle) in full with bank transfer and some in cash, but didn’t ask for a payment receipt. “He’s a trusted family friend” he thought.

Months later, the uncle claimed Osita still owed him millions of naira. Osita was shocked and insisted he had paid in full. But without a receipt, he had proof for only the amount he paid by bank transfer.

He was disappointed that someone he trusted could betray him.

The court battle was long, costly and stressful, but Osita eventually won after 4 years. He learned a hard lesson: always ask for a payment receipt, no matter who you are buying land from.

A payment receipt is proof that you have paid for the land or house. It protects you from future counter claims and ensures that the seller can not deny receiving payment.

Don’t make Osita’s mistake! Always ask for a payment receipt when buying land or a house in Nigeria.

It’s a simple step that saves you stress, money and your reputation.

If the seller dies before signing your land documentation, how then do you prove to the seller’s family that you have paid for the land or house?

Insist on a payment receipt.

Buy smart!
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