If you are doing Land Banking, please do it with wisdom. Land Banking is not just about buying a big parcel of land, waiting for some years for the value to appreciate and selling it.

The success of land banking depends a lot on what you do during the “waiting period”. During this period, you need to monitor your land. Asking someone living in the area to monitor it for you is not enough. Some of these people connive with land grabbers. So, you have to ensure you or someone you trust visits it often. It’s your investment. It’s your money. Don’t be like the man that left his 2 hectares land in Ijoko (Ogun state) for over 10 years and couldn’t find it when he needed some money and wanted to sell it. The area where his land was located had changed drastically and most of the landmarks were gone. Sometimes it is unbelievable the amount of change that can happen in a developing area in 5-10 years.

Another good reason why you have to visit your land often is because of encroachers, land grabbers and trespassers. By law, if your land is occupied by a trespasser for more than 12 years and you don’t sue, the trespasser can take LEGAL possession of your land.


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Land Banking is one of the secrets of the wealthy