Over the years, many Nigerians in the diaspora have lost money to fake agents, deceitful developers, and fraudulent property transactions. It’s heartbreaking to see hardworking individuals abroad send their life savings home for property investments, only to discover later that the land doesn’t exist or the documents are fake. The truth is, buying real estate in Nigeria from abroad comes with risks, but these risks can be avoided with the right approach and due diligence.
The first key to avoiding scammers is proper and adequate verification. Every legitimate property must have verifiable documents such as the Certificate of Occupancy (C of O), Governor’s Consent, Deed of Assignment, or Survey Plan. Before you make any payment, confirm these documents with the appropriate government authorities or trusted legal professionals. Never rely solely on what an agent shows you; insist on independent verification. This single step can save you from major losses.
Another important aspect is to work with registered real estate companies rather than individuals. Many scammers pose as agents or middlemen who disappear after collecting money. A registered real estate company has an office address, CAC registration, and traceable records. Before doing business, check the company’s website, social media presence, and reviews from past clients. Reputable firms are transparent and have nothing to hide.
If possible, involve a trusted family member or representative in Nigeria to visit the property physically. Photos and videos can be edited, but an on-ground visit gives real confirmation of what’s being sold. Ask your representative to take live videos, confirm the location, and speak with neighbors or local authorities around the area. Genuine developers are never afraid to show their properties openly.
Legal guidance is another powerful layer of protection. Always involve a real estate lawyer in your transaction. A lawyer can help you verify ownership, cross-check documentation, and draft contracts that protect your interests. Never sign any agreement or transfer money without understanding what you are agreeing to. Legal consultation may cost a little, but it is cheaper than losing millions to fraud.
Technology can also make your buying process safer. Virtual inspections via video calls, digital document verification, and secure online payments can help you stay involved in every step. Reputable developers today use technology to connect with diaspora buyers transparently. If a company avoids video calls or refuses to show you real-time updates, that’s a red flag, run please.
It’s also important to beware of deals that sound too good to be true. Scammers often lure buyers with unbelievably cheap offers or promises of fast returns. In real estate, value is tied to location, documentation, and development. If a property price is far below market value, take it as a warning sign to investigate further.
Finally, maintain open communication throughout your buying journey. Stay connected with your agent, developer, and lawyer. Request updates, demand progress reports, and keep all receipts and agreements in writing. A transparent process is a safe process.
Buying property in Nigeria from abroad can be a rewarding experience when done correctly. Many Nigerians in the diaspora have successfully acquired homes and land without issues because they took the time to verify, research, and partner with the right professionals. Don’t let fear stop you from investing; instead, let wisdom guide you. Just make sure every step you take is backed by clarity, patience, and due diligence, and with the right approach, you will enjoy peace of mind knowing your investment is safe and your money is building something real.
