This is the season of demolitions up and down Lagos and the majority of these houses pulled down were either sold by wayo real estate companies, fraudulent developers or dubious sellers. To help prevent your own house from being demolished in future, these are 25 Warning Signs to Help You Avoid falling victim to Fraudulent Real Estate Developers.

1. A Developer or Owner of a real estate company that roams around with mobile police security is a Fraudster. He has stolen people's money and cannot face them One-on-one to refund their money or land. He is only accessible when you want to pay money to them or when they want to collect your money but disappear afterwards. Alhaja Funke Run oooo!!!

2. A Real Estate company that sells land with only a Contract of Sale and no Deed of Assignment is a scammer. What are they selling to you? They don’t own the lands 100% and cannot pass good title to you since they still owe the Family/Village money and have not paid fully for the lands from the community land owners. Omalicha Run oooo!!!

3. A Real estate company that shows you only a survey coordinates to check without giving you a registered survey plan showing the land has been surveyed properly and registered at the Surveyor general’s office is a scammer. I.T Expert Dotun Run ooo!!!

4. A real estate company that promises allocation after a maximum of 1 month of full payment is a scam. Why should you be allocated a land 1 month after collecting full payment? It’s either they have oversubscribed the lands promised to you or they have issues. Either way, run away from them. Baba Kazeem Run oooo!!!

5. A Developer who does not send you the title documents of the land to verify but insists on showing it to you in private is a scammer. A Land Document is a public document. There is nothing to hide except the cost of how much the land was bought. If the developer does not want you to know how much the land was bought or who they bought it from, the names and prices can be redacted but for them to tell you that it's only in their office they can show you a land document means they have something to hide. My brother Run oooo!!!

6. A Real estate company that pressurizes you to buy a land without allowing you to do due diligence on it is a scam. When you hear "If you don't pay for the land in 48 hours, the price will increase" Why is it when it’s time for you to make inquiries to buy the land, that’s when the price of the land increases. Sister Zainab run ooo!!!

7. A Real estate company that shows you a large expanse of land and does not show you the layout of the land to show you the exact portion of what you want to buy is a Scam. What they show you today, is not what they might allocate to you tomorrow. Only a layout that specifies where you are buying would prevent this issue. If they start explaining rubbish about why they don’t have a layout or cannot follow the layout, Uncle Ejiro you better take-off ooo!!!

8. A Real Estate company that spends all its money to do only a fence and a big gate without any development on the land is a Scammer. Those lands have been there for months and years and it's only the fence and beautiful gate they spent money on to deceive you to part with your hard-earned cash. If there is no development there, Aunty Iyabo, Run ooo!!!

9. A Real Estate company that says it would only give you a contract of sale after full payment instead of a deed of assignment is a scam. Sister Ngozi abeg run oooo!!!

10. A real estate company that takes instalment payments from you and asks you to pay extra money not listed in the contract of sale is a scam. Broda Ahmed…Run oooo!!!

11. A real estate company that builds houses but cannot show you an approved building plan is a scam. Daddy Onome Run oooo!!!

12. A Real estate company that markets itself with slogans such as “close to the airport, close to Dangote Refinery, close to the seaport etc without good title documents such as a C of O or Governors consent is a Scam. Mummy Ekaette run ooo!!

13. A Real estate company that continues to give stories that touch the heart after receiving money but cannot allocate you the land paid for is a scam. Alhaji Abdullahi Run oooo!!!

14. A Real estate company that refuses to return your money after paying for a land that cannot be allocated or you cannot take possession of is a Scam. Mazi Chinedu Run ooo!!!

15. A Real estate company that tells you to pay for land in full but when they fail to deliver on their promises, they deduct 30% of the money to refund to you after forcing you to sign that wicked contract is a scam. Engineer Diepreye Run oooo!!!

16. A Real estate company that takes your money but fails to deliver and after telling them to refund your money they tell you that there is no money and until the availability of funds gets to them they cannot pay you. Doctor Tokunbo Run oooo!!!

17. A Real Estate company that hoodwinks you with the marketing slogan “Buy 5 plots and get 1 free” is a scam ooo! There is always one hidden clause somewhere in that contract of sale that would make you pay for that free 1 plot either by hook or crook. There is no free lunch in Moscow. If everyone is buying and getting one free plot, where did the free plots come from to dash you? Did it fall from heaven or the omooniles dash the real estate company lands who in return want to dash it to you for free? Pastor.Enahoro Run oooo!

18. A Developer who takes shortcuts to build a house without doing proper foundations and using quality materials is a Scammer. Such a Developer should be burnt alive with a tyre and petrol thrown over his head. The building would surely collapse and he would be in Seychelles eating your money. Once you inspect the house and you see low-quality materials used to build the house, Mrs. Enenche Run oooo!!!

19. A Developer who is not accessible to purchasers and always has to go through agents or marketers to get information or documents is a scammer. Oga Chukwudi Run ooo!!!

20. A Real Estate company that always has to explain verbally or with mouth why the estate project is not moving forward due to certain reasons without official documents from the land registry or the court to explain why there are issues on the land is a Scam. Architect Emeka Run ooo!!!
21. A real estate company that will never show you the original title documents of the Land for sale and always gives one flimsy reason why you cannot sight the original copy of the land documents is a scam. Alhaja Folashade Take-off oooo!!!

22. A real estate company that tells you that its documents such as the Survey plan or consent are in process at the Land Registry but they are still selling Lands without confirmed documents is a scam from the land registry, Mallam Shinkafi Run ooo!!!

23. Be very wary of real estate companies using Celebrities on their flyers and posters to market their estates to lure you to buy from them. These Celebrities would not help you if the land is bad and the documents are defective. Many of these celebrities don't even know what they are selling. They are just as clueless as you marketing an estate they have no idea about. Their own is to collect their Ambassador money as the face of the real estate company. If anything happens to the land or money, you are on your own ooo! Iya Bunmi Run ooo!!!

24.. The popular real estate companies are the worst scammers. Beware of buying a land sold by a popular real estate company. They are the ones that commit the most real estate crimes. When you check them very well, you will realise that they are only using their big nam[quote]es to lure you to buy lands that have no good title and have issues. They have spent millions on propaganda and marketing. Apart from that, they have nothing and you would lose your money for free. Corper Uchenna Run ooo!!!!

25. Real Estate companies that offer Bags of Rice, Goats, Palm Oil, and Christmas Chicken to lure you to buy their lands have the biggest baggage in their corner. After they have used 2 free Chickens to entice you to buy their lands, you will end up with the chickens but no land or very bad title documents on that land and that’s even if they allocate you these lands. Don’t mortgage your family’s life savings because of a free bottle of groundnut oil to buy a wayo land. Social media influencer Adewale Run ooo!!!

Credit: www.omonilelawyer.com

When I was a young boy, I use to ask God "Why do you allow the Bad people to be so many and good people so few"?
But when I went to school to study Civil Engineering I understood the answer to that childhood question. I spent years to study Civil Engineering from a Federal polytechnic. Then with Direct Entry entered a Federal University to study Civil Engineering. And after NYSC went to study MSc Structural Engineering and became COREN-Certified.

When I started building houses and roads, I noticed one strange occurrence. When client come to a real professional, they price tiny amount. But when they go to Fake business people with sweet mouths, they spend huge amounts. And when they get duped they blame "Nigerian Engineers" or "real estate companies" generally. Thus they lump the good with the bad.

The bad people are there to attend to clients who don't value truth spoken by the good.

I have built houses for more than 100 Nairaland users out of more than 1800 houses I have built in my 4 and half decades on earth so far. I have run adverts here also. But one incident that happened was when a client I got here was owing me an amount and he reported me to one Mufutau55 who appeared as a Mod then. That Mufutau guy without hearing me out started shouting on phone "You Nigerian Engineers like duping Foreign-based clients". I was so pissed with that statement. It was the my UK-based client that was owing me more than N2m for a particular milestone in his building. Yet he kept reporting me here and there. So I went to my bank and printed out my statement. When I extracted the facts and sent to him, that evening he sent me N1.5m out of my money he was owing with apologies.
Yet that Nairaland Mod called Ahajj Muftau had insulted me and even deleted my major post on Nairaland for what I did nothing about.

Please God-fearing builders here, keep doing the good and while at it, dont allow fraudulent clients to dupe you because you re based in Nigeria. There are good-hearted highly experienced experts here in Nigeria who will never run away or japa from here for anything. I am one of such.

A Real Estate company that sells land with only a Contract of Sale and no Deed of Assignment is a scammer. What are they selling to you? They don’t own the lands 100% and cannot pass good title to you since they still owe the Family/Village money and have not paid fully for the lands from the community land owners. Omalicha Run oooo!!!

Very important

Great write up ....this is how one man that claimed to be chief nearly ripe me ...if not that I know their tricks...this man took me to a new layout...almost all the surrounding lands was his as he claimed but he look poor and don't even have a bicycle...the price was even too high for such area ...indeed I ran as fast as possible

K

Following The Update

Lol

Nothing vex me pass " It's just 15 mins drive from the airport". That statement don make many unsuspecting investors buy land for places wey far pass Sambisa forest

On the other hand, There are a few key features to look out for when it comes to real estate
Firstly they should have a strong track record of successful transactions and satisfied clients.

A reputable company will prioritize transparency and honesty, providing you with all the necessary information about properties and potential risks.
Lastly, excellent customer service is crucial, ensuring that your concerns are addressed promptly and professionally.

One of the many real estate company I have seen with this distinctive feature is Ayhomes.ng


Meanwhile, we offer design and build services
Check my profile

Very funny hahaha

Fraud become Nigeria symbols both home and abroad

True

Ok

They're lots of them... One particular one that scammed my husband EUC homes and Edge homes...

Following

Very good thread..Many people have fallen prey...

They would buy land inside one thick bush to sell to unsuspecting folks...when the problems begin...they just lock up

[quote author=lawyer post=127424151][/quote]I have to save this piece.....e go dey useful for me next year

lawyer:

25. Real Estate companies that offer Bags of Rice, Goats, Palm Oil, and Christmas Chicken to lure you to buy their lands have the biggest baggage in their corner. After they have used 2 free Chickens to entice you to buy their lands, you will end up with the chickens but no land or very bad title documents…

Oga this table you are shaking violently is very fragile oo

This is a country that supports criminality, after all the president is the richest landlord in Africa and the only drug baron turned president in the world.

Plenty scam real estate agents dey abuja.
E get one wey dey always do housing fair,na them be number one for the scam for abuja,them do they shift base to lag now.

Na why my guys dey always consult with me first before buying any land for abuja.

THEIR LATEST SCAM IS IBEJU LEKKI. PLS NO MATTER HOW MUCH U WANT TO WASTE MONEY DO NOT BUY ANY PROPERTY AT IBEJU LEKKI OR YOU WILL REGRET IT.

Hmm

Am a realtor and I sell land for a Real Estate company.

Yes...i agree with what the poster has talked about 1000%.

That's why when I market properties to clients, I always tell my clients these truths

1) Always go to the Real Estate Company yourself or have someone go on your behalf. Try and see the office physically for yourself before making any payments. E get why.

2) Ask for documents. Documents such as C of O, Global C of O, Deed of Assignments, Survey Plan etc. Except it's a village land, it should have a valid document to prove it's authenticity.

I always tell my clients to go the extra mile to check the authenticity of the land by going to the Ministry to see if the land is free from government acquisition. A good surveyor can do that for you.

3) Get up and see the land with your eyes. Most clients are too lazy. Na u go dey beg them to come for site inspection.

I can NEVER make sale to a client who does not agree to come for site inspection. If u like, be in the abroad, send ur friend or family member to come and make a live video of the land for u.
This is to avoid stories that touch in future. I love my integrity.

4) The truth is most lands u see in Lagos especially at Ibeju-Lekki, Epe, are not Buy-Build-And-Pack-In Lands. Read that again.

When u go to these places, it's still bush.
So u ask urself, can I build in this place now? Can I build and pack in now?

Am a realtor but I rarely make sales because I tell my clients the truth. People hate the truth. CEO's hate u telling clients the truth.

Most lands Real Estate Company's in Lagos sell at Ibeju-Lekki, Epe will not develop in the next 10 years. Read that again.

So I tell my clients such areas are Investment Lands and not Build-And-Pack-In Lands. Project to use them in the next 10years, then u can make payment.

What are Investment Lands? They are Buy and wait for the next 5 to 10 years lands.

Once u know this, it is now left for you to decide.

Most Realtors will never tell u this. They will convince so much to buy so that they can make sale for themselves.

In Lagos, where do u want to see Buy and Pack In Lands?

Except in Ayobo, Isheri, Ipaja in Lagos and maybe itele which is even Ogun state.

Anywhere else is Investment Lands.

Somebody was asking me to get him a land at Ikeja in Lagos

Even if u get a land at Ikeja which is almost impossible, the price will cut your neck

It is well.

With these few points of mine, I now know why most Real Estate Company CEO's hate me working for them

Court Rise

Very informative writeup.

Revolution Plus was dragged for this scam at the Real Land Conference of 2021 or 2022. Video is on YouTube.
The owner is the highest Partner in Christ Embassy. The highest Partner before him was Maxwell of MBA Forex.

I fear who no fear all these so called real estate agents. One agent done sell property wen belong to army barracks before give my uncle. My funny uncle con even rush start to dey build. Na for guard room we take con bail my uncle.

It'd be nice if we could know some of the real estate scamming companies out there...

THEY ARE ALL SCAMMERS.
Landmark( BEACHFRONT 1&2 na scam.
ISIMII Lagos na scam.
ITUNU na scam..
AMEN PHAZE 2 na HELL.
no light no water,. Looking like abandoned estate .The owner (sade Gbadamosi) focuse on Phaze3 and TIARA.
I Will never put my kọɓọ in Nigeria housing market again. If u are living in western countries it's far better to invest in properties market than NIGERIA

A word is enough for a wise