Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To - Properties - Nairaland
Nairaland Forum › Nairaland General › Properties › Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To (14447 Views)
| Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by cityboylagos(op): 7:22am On Jul 18, 2025 |
Top Real Estate Red Flags in Lagos You Must Never Ignore – If You Don’t Want to Cry Laterhttps://eyesoflagos.com/top-real-estate-red-flags-in-lagos-you-must-never-ignore-if-you-dont-want-to-cry-later/
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| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Odunharry(m): 9:26am On Jul 18, 2025 |
This is informative. People should be careful of companies that offers ridiculous rate as return. The higher the rate, the higher the risk for many investment |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by qtx(m): 9:27am On Jul 18, 2025 |
Why are all the omoniles wearing berets? Is it that are in systems? |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by ksam(m): 9:30am On Jul 18, 2025 |
As a young man starting life or starting a family, Life is much easier in the north and i dont mean the core north and other new areas. Go to nassarawa, kaduna, kwara and some parts of abuja. Buy your land and have peace. This places are fast developing. You must not buy land in Lekki or Asokoro high or all these already developed areas to feel among. You will get there too |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by southsouthking(m): 9:35am On Jul 18, 2025 |
Pwan real estate company, the only company that is selling receipts instead of Land. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by AKAyomide(m): 9:37am On Jul 18, 2025 |
I wish I had seen this post earlier as it would have been a different situation for me. I bought a land in Ibadan and I made outright payments. It has been over 7 months since no land has been allocated physically just on a survey paper that has been giving me distrust for some weeks. What can I do about this kind of situation? I need an assistant on how to proceed maybe what I can say |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by MAYOWAAK: 9:39am On Jul 18, 2025 |
Plots of Deceit: When Shelter Becomes Scam Once upon a quieter season in Nigeria’s real estate journey, wealth was earned, not staged. Men like Jide Taiwo built reputations through quiet precision, not public parades. Their offices weren’t filled with influencers; they were anchored by trained surveyors, town planners, and professionals who understood the soul of land, not just the cost of it. Companies such as Primewater View, UPDC, and Landmark Africa emerged not from Instagram reels, but from consistent service and credible results. They sold homes, not dreams. They laid blocks, not traps. But the winds have shifted. In the last five years, real estate has begun to wear a mask. And under that mask is a theatre of performance: one where everyone, suddenly, is a realtor, without licensure, without land, without legacy. The streets of Lagos, Ogun, Oyo and Kwara are now stage sets for unsolicited pitches. Young, uniformed women stationed at malls, junctions, train platforms, sometimes with radiant charm but dubious briefs, wave glossy flyers like sacred scrolls: “Own a plot just five minutes from the airport!”, though it is buried deep in uncharted bushes, where even Google Maps loses its way. The story gets darker. A troubling trend has emerged where CEOs of these pop-up firms gallivant across London, Doha, and Dubai, showcasing wealth not backed by credibility, but by illusion. Their Instagram pages are laced with soft life aesthetics, seducing unsuspecting investors who believe, “This man is too wealthy to scam me.” But as history now shows, many of these companies collapse under their own falsehoods. There are buyers who receive nothing after payment. Some inherit swamps, others receive layouts that never see approval. Then there are the wild investment schemes: “Get 200% ROI in 6 months”, Ponzi wrapped in real estate lingo. And yet, the madness doesn’t end there. Land in some Lagos suburbs now rivals outer London in price, but with none of the infrastructure. Plots are priced in pound(and dollar) like they come with Queen’s guards and underground rails. The question must be asked: where are the regulators? Agencies like LASRERA and REDAN ought to be gatekeepers. Instead, many function as distant spectators, trapped in red tape or slumber, watching as citizens are bled dry. Of course, Nigeria’s housing deficit remains one of the country’s greatest ironies, tens of thousands homeless in a nation bursting with “For Sale” signs. A functioning, ethical real estate sector would be a balm. But in its current form, it is a marketplace of parasitism: where inflated hopes are sold in square metres, and shelter is held hostage by scam artistry. It is high time the government and its regulatory agencies rose from their bureaucratic stupor. The firestorm of fraud will not quench itself. And if we do not act, homeownership in Nigeria will become not just a dream deferred, but a tragedy lived in full daylight. Taken together, these days, whenever I stumble upon a real estate advert, my brain whispers: ‘Buy now, regret forever.’ |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by ARISHEM: 9:40am On Jul 18, 2025*. Modified: 5:57am On Jul 19, 2025 |
I hear PWAN and some estates have not allocated plots to their clients for years. Yet people in this forum say that they are legit and not scam. I don’t know why some Estates after allocation to few available clients that shows up for allocation will go into hiding |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Dzzzz: 9:45am On Jul 18, 2025 |
You must also ask how long before you pay development fee cause some of them won’t tell you until you paid..Some may be 8months and if you don’t pay within that time they will have to give someone else your land..P.S if you ask for a refund they take 40percent off your payment. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Benoxvals(m): 9:51am On Jul 18, 2025 |
Red Flag: If it rains and the land vanishes, you just bought a mini ocean..make I no kukuma tell my story |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Nazgul: 9:52am On Jul 18, 2025 |
qtx:That's an AI generated picture. Most omoniles are usually middle aged alhajis or baale, then they recruit common touts to harras land owners for money. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by xynerise: 9:53am On Jul 18, 2025 |
qtx:If you can't spot an AI generated image, then shame on you ![]() |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by designking: 9:55am On Jul 18, 2025 |
PWAN is a major culprit... They will give you receipts to a land that doesn't exist. Their documentation process can take you over 2years for a piece of land that is fully paid for. Beware |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Orch1981: 9:58am On Jul 18, 2025 |
cityboylagos:Watin be una madness with this mumu Lagos land wey government go still come break down because of there envy for ordinary citizens success especially envy of the Igbos success? I can't take any land in Lagos for free |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by chidiebere2020(m): 9:58am On Jul 18, 2025 |
Shelter trust real estate, another estate company that I bought land for like 2years now no alocation with different excuses |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by vislabraye(m): 10:00am On Jul 18, 2025 |
southsouthking:Hahaha.. The company name don cast. Unfortunately, the Scot has been arrested. The thing don pepper them. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by POSSIBLE402: 10:24am On Jul 18, 2025 |
AKAyomide:Dm on 08134665284 on whatsapp It will be resolved! |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by adonainana: 10:46am On Jul 18, 2025 |
AKAyomide:Contact me I am a lawyer who worked on all the petitions against PWAN real estate company, let me know the name of the firm that is about to defraud and the details I would assist you free of charge Too much fraud going on in Nigeria as we speak we have to do something about it 070 775 138 36 |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by BucketHat(m): 10:56am On Jul 18, 2025 |
qtx:My brother! Nigeria system of government nah big time nonsense & fraudulent. Wetin omonile mean? A country with no proper town planning 🤔 Chaos left right and centre! Who remove Nigeria brain box🤔 |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Nobody: 11:05am On Jul 18, 2025 |
designking:The major culprit is the adult who can't use their 1.6m naira smart phone to do a simple research! Type anything on Google and you get millions of results that would show all the details you need asides personal phone numbers or emails. But no, they want to please the young woman who refers to herself as a realtor so they can be friends. They end up buying non existent property in return. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by hope4nigeria(m): 11:12am On Jul 18, 2025 |
cityboylagos:perfect information, God bless you for this info, it's left for the prospective victims to listen |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by stpat1(m): 11:13am On Jul 18, 2025 |
Scammers are on the prowl in real estate. Kamorudeen Adebowale Zulu of Shaffykay is a Nigerian Scammer in Real Estate. Was scammed of 15m. His accomplices are Asualor Benjamin Odinaka and Emmanuel Ben Ewa. They sell non existent Splendid gardens with fake documents. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by professore(m): 11:18am On Jul 18, 2025 |
If you hear things like: “Omo onile will settle themselves after you buy” “We’ll handle the boys for you” “Just pay development fee, community levy, and traditional rites fee separately…” That’s a scam in disguise. ![]() |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Reference(m): 11:27am On Jul 18, 2025 |
Only deal with people that have a lot to lose, period. What do you expect of a city hosting 20 million people on a piece of land no bigger than a barge.... of course many will be thrown off. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by jaxxy(m): 11:39am On Jul 18, 2025 |
designking:I thought pwan is a reputable and established real estate Company? |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by Yampotatocarrot(m): 11:47am On Jul 18, 2025 |
jaxxy:Same here o... I'm surprised hearing they're scammers in disguise |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by hosemujica: 12:14pm On Jul 18, 2025 |
jaxxy:I thought so too, I know a guy that worked for the director in the early stage of Pwan , he always told me that the guy has fraudulent tendencies. But I used to doubt him thinking maybe my guy is the problem , but I guess he maybe be right after all |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by LZAA: 12:28pm On Jul 18, 2025 |
qtx:AI Generated photo Please spell words correctly when you post, and try to use perfect grammar and punctuation. |
| Re: Top Real Estate Red Flags In Lagos You Must Never Ignore – If You Don’t Want To by InvertedHammer: 12:40pm On Jul 18, 2025 |
ARISHEM:/ People vouched for MMM until the last minute. PWAN agents are on this forum too scouting for victims. / |
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