Business
Due Diligence: How to Handle Property Disputes in Lagos by Dennis Isong
Whether you’re a first-time buyer, a seasoned investor, or someone who inherited a family property, the nightmare of a property dispute can feel like a dark cloud hanging over your head.
Lagos, the bustling heart of Nigeria, is a city of dreams, opportunities, and, unfortunately, property disputes.
If you’ve ever found yourself caught in the web of a property dispute in Lagos, you know how emotionally draining and financially crippling it can be.
The city’s real estate market is booming, but with that growth comes a surge in conflicts over land, buildings, and ownership rights.
Whether you’re a first-time buyer, a seasoned investor, or someone who inherited a family property, the nightmare of a property dispute can feel like a dark cloud hanging over your head.
But here’s the thing: with the right knowledge and approach, you can navigate these murky waters and come out on top. Let’s talk about how.
The Emotional Toll of Property Disputes
Imagine this: You’ve saved for years, maybe even decades, to buy a piece of land or a house in Lagos.
You’ve dreamed of building a home for your family or starting a business on that property. Then, out of nowhere, someone claims the land is theirs. Or perhaps you inherited a property from your parents, only to discover that distant relatives or even strangers are contesting your ownership.
The frustration, anger, and helplessness can be overwhelming.
Property disputes are not just about money or assets; they’re about your dreams, your security, and your peace of mind. In Lagos, where land is gold and space is limited, these disputes are all too common.
But why?
The answer lies in the complex nature of land ownership, poor documentation, and sometimes, outright fraud.
Why Property Disputes Happen in Lagos
1. Multiple Sales of the Same Property: This is one of the most common issues. Unscrupulous sellers or agents sell the same piece of land to multiple buyers. By the time you realize what’s happened, you’re already in a legal battle.
2. Inheritance Conflicts: Family disputes over inherited property are rampant. Siblings, cousins, and even distant relatives may lay claim to a property, leading to prolonged court cases.
3. Boundary Disputes: Lagos is densely populated, and boundaries between properties are often unclear. Disputes arise when neighbors encroach on each other’s land, intentionally or unintentionally.
4. Fraudulent Documents: Fake land titles, forged signatures, and doctored documents are tools used by fraudsters to swindle unsuspecting buyers.
5. Government Acquisition: Sometimes, the government acquires land for public use, but the information doesn’t reach the rightful owners, leading to confusion and disputes.
How to Protect Yourself: Due Diligence is Key
The best way to avoid property disputes is to do your due diligence before buying or inheriting any property. Due diligence is not just a fancy term; it’s your shield against fraud and conflict.
Here’s how to do it:
1. Verify the Seller’s Identity: Ensure the person selling the property is the rightful owner. Ask for valid identification and cross-check with the land registry.
2. Check the Land Title:
In Lagos, the most secure form of land ownership is a Certificate of Occupancy (C of O) issued by the government. If the property doesn’t have one, tread carefully. You can also check for a Governor’s Consent, which is required for the transfer of ownership.
3. Conduct a Search at the Land Registry:
This is crucial. A search will reveal the true owner of the property, any existing encumbrances, or pending litigation. Don’t skip this step, no matter how trustworthy the seller seems.
4. Inspect the Property Physically:
Visit the property and inspect it thoroughly. Look for signs of occupation, boundary marks, and any red flags. Talk to neighbors; they often have valuable information about the property’s history. .
5. Hire a Lawyer: A real estate lawyer can guide you through the process, review documents, and ensure everything is in order. Yes, it’s an extra cost, but it’s worth every penny to avoid future headaches.
What to Do If You’re Already in a Dispute If you’re already caught in a property dispute, don’t panic. While the process can be stressful, there are steps you can take to resolve the issue:
1. Gather Your Documents: Collect all relevant documents, including your deed of assignment, receipts, and any correspondence with the seller or other parties. These will serve as evidence in your favor.
2. Engage a Competent Lawyer: A good lawyer is your best ally in a property dispute. They can help you understand your rights, file the necessary legal actions, and represent you in court if needed.
3. Explore Alternative Dispute Resolution (ADR): Court cases can drag on for years, draining your time and resources. Consider mediation or arbitration as a faster and less expensive way to resolve the dispute.
4. Stay Calm and Patient: Property disputes can be emotionally charged, but losing your temper won’t help.
Stay focused, follow your lawyer’s advice, and be patient. Justice may take time, but it’s worth fighting for.
Real-Life Stories: Lessons from the Trenches Let me share a story that hits close to home.
A friend of mine, let’s call her Ada, bought a piece of land in Lekki, one of Lagos’ most sought-after areas. She did everything right—or so she thought.
She verified the seller’s identity, checked the documents, and even paid for a survey plan. But a year later, while preparing to start construction, she was served with a court notice. Someone else was claiming ownership of the same land.
Ada was devastated. She had invested her life savings into that property. After months of legal battles, it turned out that the original seller had sold the land to multiple buyers. Ada eventually won the case, but it cost her time, money, and sleepless nights. Her story is a stark reminder of why due diligence is non-negotiable.
The Human Side of Property Disputes
Behind every property dispute is a human story—a family torn apart, a dream deferred, or a life savings lost. It’s easy to get caught up in the legalities and forget the emotional toll these conflicts take.
I’ve seen families stop speaking to each other over inherited property. I’ve met people who lost everything because they trusted the wrong person. And I’ve also seen the relief and joy of those who fought for their rights and won.
If you’re going through a property dispute, know that you’re not alone. Many have walked this path before you, and many will come after. What matters is how you handle it. Will you let it break you, or will you rise above it?
Lagos is a city of endless possibilities, but it’s also a city where you need to be vigilant. Property disputes can happen to anyone, but with due diligence, you can minimize the risks.
If you’re buying property, take your time, do your research, and seek professional help. If you’re already in a dispute, don’t lose hope.
Fight for what’s rightfully yours, but do it wisely. Remember, your property is more than just an asset; it’s a part of your story, your legacy, and your future.
Protect it with everything you’ve got. And if you ever feel overwhelmed, take a deep breath and remind yourself why you started this journey in the first place. Your dreams are worth fighting for.
So, the next time you hear about a property dispute in Lagos, don’t just see it as a news headline.
See it as a cautionary tale, a call to action, and a reminder that in this city, due diligence isn’t just an option—it’s a necessity.
Business
33 Nigerian Banks Beat CBN’s Recapialisation with ₦4.65trn Combined Capital Base
The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is wellpositioned to support economic growth and withstand domestic and external shocks.”
•Governor of CBN, Olayemi Cardoso
The Central Bank of Nigeria (CBN) has wrapped up the banking sector recapitalisation programme it introduced two years ago (March 2024-March 31, 2026) with 33 banks successfully met the requirements deadline.
The banks raised a total of ₦4.65 trillion in new capital, according to a statement signed by Olubukola A. Akinwunmi, the Director, Banking Supervision and Hakama Sidi Ali (Mrs.), the Ag. Director, Corporate Communications.
It said that the recapialisation exercises recorded strong participation from both domestic and international investors, with 72.55% of capital sourced locally and 27.45% from international markets, reflecting sustained confidence in the Nigerian banking sector.
The statement noted that the Governor of CBN, Olayemi Cardoso said “the recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is wellpositioned to support economic growth and withstand domestic and external shocks.”
“The CBN confirms that 33 banks have met the revised minimum capital requirements established under the programme.
A limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks.
“All banks remain fully operational, ensuring continued access to banking services for customers.
Business
Afreximbank Leads $4bn Financing for Dangote Refinery with $2.5bn Commitment
African Export-Import Bank has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed at strengthening the refinery’s financial position and supporting its long-term growth and expansion strategy.

The five-year facility, arranged alongside Access Bank as co-Mandated Lead Arrangers, is designed to consolidate existing debt, optimise the refinery’s capital structure and align its financing with current operational realities.
The transaction marks a significant milestone for the Dangote Refinery, Africa’s largest refining and petrochemical complex with a capacity of 650,000 barrels per day.

Afreximbank’s $2.5 billion participation represents the largest share of the syndicate, underscoring its strategic role in mobilising capital for industrial projects across the continent.
The bank said the financing aligns with its mandate to promote industrialisation, reduce reliance on imported petroleum products and deepen intra-African trade.
Since refining operations commenced in February 2024, Afreximbank has played a key role in supporting the project, including providing a $1 billion working capital facility and acting as financial adviser on the Naira-for-Crude initiative, which facilitates crude procurement and product sales in local currency.
Speaking during a strategy session in Cairo, Egypt, President and Chairman of the Board of Directors of Afreximbank, George Elombi, said the bank’s continued backing reflects confidence in indigenous African enterprises.
“We take immense pride in being the single largest provider of financing to the Dangote Group. We do so primarily because Dangote is African,” he said.
“When we invest in ourselves, we do more than create jobs and wealth or expand government revenues; we build a secure and resilient future for our continent”
Elombi disclosed that Afreximbank has committed about $15 billion to Dangote Group since 2015, highlighting the scale of its long-term partnership with the conglomerate.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, described the financing as a critical step in positioning the refinery for its next phase of expansion.
“This financing marks an important step in strengthening the financial foundation of Dangote Petroleum Refinery & Petrochemicals and positions the business for the next phase of its growth,” he said.
“We appreciate Afreximbank’s continued support and confidence in our vision to build world-class industrial capacity that serves Nigeria, Africa and global markets.”
The syndicated loan attracted strong participation from a mix of African and international financial institutions, reflecting sustained investor confidence in the refinery as a transformative industrial asset in advancing Africa’s energy security, reducing import dependence and supporting the continent’s broader industrialisation agenda.
Business
BUA Foods Plc Reports Strong 2025 Performance with ₦1.77 Trillion Revenue, Proposes Record ₦28 Dividend per Share
Leading Nigerian food manufacturer BUA Foods Plc has announced robust full-year 2025 audited results, with revenue climbing 16% to ₦1.77 trillion from ₦1.53 trillion in 2024.
The growth was driven by sustained consumer demand for the company’s core staples sugar, flour, pasta, and rice alongside higher sales volumes and strategic pricing amid a challenging economic environment marked by inflationary pressures on households.
Profit after tax nearly doubled, rising 95% to ₦518.4 billion, while gross profit surged to ₦737.3 billion from ₦540.8 billion the previous year.
Operating profit also increased significantly to ₦656.6 billion.In a strong signal of confidence in its outlook and commitment to shareholder value, the Board of Directors has proposed a final dividend of ₦28 per ordinary share of 50 kobo.
This represents a 115% increase from the ₦13 per share paid in 2024, translating to a total payout of approximately ₦504 billion, subject to approval by shareholders at the company’s 2026 Annual General Meeting.
Chairman Abdul Samad Rabiu highlighted the results, stating that the substantial dividend hike underscores the company’s dedication to rewarding investors while continuing to invest in business expansion and operational efficiency.
BUA Foods, a major player in Nigeria’s food processing sector controlled by billionaire Abdul Samad Rabiu, has continued to benefit from scale advantages, market expansion, and resilient demand for essential food products despite broader economic headwinds.
The company’s shares have reacted positively in recent trading, reflecting investor optimism over the strong earnings and generous dividend proposal.
Full details of the financial statements were filed with the Nigerian Exchange (NGX) on Monday.
Analysts view the performance as a testament to BUA Foods’ robust business model and ability to navigate Nigeria’s macroeconomic challenges through volume growth and cost discipline.
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