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A buyer paid N100 million for land in Lagos in 2024. Two years later, no deed, no possession. He wrote to the developer HIMSELF to ask for a soft copy for review. Read what the developer sent him. Then read the seven tactics behind it. [Thread]
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Defective title behind marketing. In March 2026, a federal high court in Abuja granted the forfeiture of N5.28 billion worth property after the developer sold 962 units and completed zero construction. No escrow. No institutional precondition on accessing buyer funds
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The article examines the topic: WHEN THE DEVELOPER HOLDS THE KEYS: THE ARCHITECTURE OF POST-PAYMENT OBSTRUCTION IN NIGERIAN PROPERTY TRANSACTIONS.
See the link below:
bit.ly/4cWmpKR
#NigerianPropertyLaw #OffPlanProperty #LagosRealEstate #PropertyDueDiligence
A question for Nigerians in the diaspora: If the developer who took your deposit fails to complete the off-plan property you bought in Lagos, what protection do you have? The answer should surprise most of you
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Negotiate staged payments tied to verified construction milestones. 6. The contract must specify, with a timeline, the obligation to deliver title documents and grant possession. "Process documents at a later time" is not a contractual obligation. It is a red flag.
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