Nigeria’s real estate sector is booming, but it is also plagued by fraudulent activities. Many unsuspecting buyers and investors fall victim to scams due to lack of proper due diligence. Here are common real estate scams and how to protect yourself.
1. Fake Land or Property Ownership
Scammers sell properties they don’t own by forging documents.
Solution: Always conduct a land search at the land registry before making payments.
2. Omonile Fraud
Local land grabbers (Omoniles) often sell land multiple times to different buyers.
Solution: Get legal verification and insist on official documentation.
3. Government-Acquired Land Sales
Some properties sold by individuals or agents are under government acquisition.
Solution: Check with the appropriate government agencies before buying.
4. Uncompleted or Fake Housing Schemes
Some developers collect payments for houses that are never built.
Solution: Buy from reputable real estate companies like Amaka Eke Homes and Properties.
5. Rental Fraud
Scammers pose as landlords or agents, collect rent from multiple tenants, and disappear.
Solution: Always visit the property in person and confirm ownership before paying.
Final Tip: Always work with a trusted real estate firm to safeguard your investments. Contact Amaka Eke Homes and Properties for verified properties today!