As the crack down on real estate scammers continues, tips have emerged on ways to avoid falling victim.
This is in view of the fact that the road to recovering investments could be long and tedious.
Recommended tips:
1. Verify Agent Registration
Always deal with LASRERA-licensed estate agents.
2. Ask for their valid permit/license and cross-check on the official LASRERA portal or by contacting the agency.
3. Conduct Proper Due Diligence Physically inspect the property/land.
4. Engage a qualified lawyer and surveyor for title verification.
Search the Lagos State Land
5. Registry (e-GIS platform) to confirm ownership and status of the Certificate of Occupancy (C of O) or Deed of Assignment.
6. Avoid Pressure Tactics
Never rush into payments. Scammers often create urgency with “limited offers” or “today-only” deals.
7. Payment Safety Use traceable bank transfers, not cash.
8. Pay in stages only after milestones are verified (e.g., after survey and documentation checks).
9. Get receipts and signed agreements for every transaction.
10. Report Suspicions Immediately: If you suspect fraud, contact LASRERA promptly. Early intervention has helped many victims recover funds.
Extra Caution for Diaspora Buyers:
Work with trusted on-ground professionals and avoid remote “guaranteed return” schemes without full verification.
The Lagos State Government continues to warn that unregistered operators will face sanctions, including office sealing and prosecution. Residents are encouraged to report cases to LASRERA for mediation and possible recovery.
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