Business
Buying Land in Lagos: Legal Considerations Every Investor Must Know by Dennis Isong
Additionally, visit the site yourself. Don’t rely on Google Maps or the seller’s description. Go there, walk the land, and make sure it matches what you’ve been told.
Lagos is the city of dreams, hustle, and endless opportunities.
It’s a place where fortunes are made, where the skyline is constantly changing, and where the promise of a better future lures thousands of people every day.
But beneath the glitz and glamour of Nigeria’s commercial capital lies a complex, often treacherous landscape—especially when it comes to buying land.
If you’ve ever dreamed of owning a piece of Lagos, whether to build your dream home, start a business, or simply as an investment, you need to tread carefully.
The stories of heartbreak, betrayal, and financial ruin are as common as the tales of success. Let me tell you, buying land in Lagos is not for the faint-hearted. But with the right knowledge, you can avoid the pitfalls and make a smart, secure investment.
You’ve worked hard, saved diligently, and finally have enough to buy a plot of land in Lagos.
You envision building a home where your family will thrive or developing a property that will generate passive income for years to come. You’ve seen the ads—prime locations, affordable prices, and promises of quick returns.
It all sounds perfect, doesn’t it? But here’s the harsh reality: not all that glitters is gold. Lagos is notorious for land disputes, fraudulent sellers, and bureaucratic nightmares.
I’ve heard too many stories of people who paid for land only to discover that it belonged to someone else, or worse, that it was part of a government acquisition.
Take the story of Ada, a single mother who saved for years to buy a plot of land in Lekki.
She was thrilled when she found what seemed like the perfect deal. The seller was charming, the paperwork looked legit, and the price was within her budget.
She paid in full, only to find out months later that the land was under dispute between two families. She spent years in court, draining her savings and losing sleep over what was supposed to be her golden ticket to financial security.
Ada’s story is not unique. It’s a cautionary tale that underscores the importance of doing your due diligence before buying land in Lagos.
What You Need to Know
Buying land in Lagos is not as simple as handing over cash and getting a receipt. There are legal considerations that every investor must be aware of. Ignoring these can lead to costly mistakes.
Here are the key legal aspects you need to consider: 1. Verify the Title Documents
The first step in any land transaction is to verify the title documents.
In Lagos, the most secure form of land ownership is a Certificate of Occupancy (C of O) issued by the state government.
This document proves that the government has allocated the land to the owner and grants them the right to use it. However, not all lands have a C of O. Some may have a Governor’s Consent, Deed of Assignment, or other forms of documentation.
The important thing is to ensure that the documents are genuine and that the seller has the legal right to sell the land. This is where many people get into trouble.
They assume that because the seller has a piece of paper, everything is fine. But in Lagos, fake documents are rampant. Always engage a lawyer to conduct a thorough search at the Land Registry to confirm the authenticity of the documents and ensure there are no encumbrances on the land.
2. Check for Government Acquisition One of the biggest risks when buying land in Lagos is purchasing a property that has been acquired by the government for public use.
This is more common than you might think, especially in areas like Lekki, Ibeju-Lekki, and Epe, where large-scale infrastructure projects are underway. If the land is under government acquisition, you could lose it without compensation, no matter how much you’ve paid.
To avoid this, your lawyer should conduct a search at the Ministry of Physical Planning and Urban Development to confirm whether the land is free from government acquisition.
This step is non-negotiable. Don’t let anyone convince you to skip it, no matter how trustworthy they seem.
3. Survey and Land Verification
Before you buy any land, you need to know exactly what you’re buying. This means conducting a survey to confirm the size, location, and boundaries of the property. A survey plan prepared by a licensed surveyor will give you a clear picture of the land and help you avoid disputes with neighbors or other claimants.
Additionally, visit the site yourself. Don’t rely on Google Maps or the seller’s description. Go there, walk the land, and make sure it matches what you’ve been told.
I’ve heard stories of people who bought land only to discover that it was in the middle of a swamp or already occupied by squatters. Don’t let that be you.
4. Engage a Competent Lawyer
I cannot stress this enough: do not try to navigate the land-buying process on your own. The legal complexities are too great, and the risks are too high.
A competent lawyer will guide you through the process, conduct the necessary searches, and ensure that all the paperwork is in order. They will also help you draft a solid contract that protects your interests.
Yes, legal fees can be expensive, but they are a small price to pay for peace of mind. Think of it as an insurance policy against fraud and future disputes. As the saying goes, “If you think hiring a professional is expensive, try hiring an amateur.”
5. Beware of Omo-Onile (Landowners)
In Lagos, the term “Omo-Onile” refers to the original landowners or their descendants. These individuals often demand fees from buyers, claiming it’s their right as the original owners of the land. While some of these claims may be legitimate, many are not. Some Omo-Onile are notorious for extorting money from buyers and causing trouble during construction.
To avoid this, make sure you understand the history of the land and any agreements the seller has with the Omo-Onile. Your lawyer can help you navigate this delicate issue and ensure that all necessary payments have been made.
The Emotional Toll of Land Disputes
Buying land is not just a financial transaction; it’s an emotional journey.
For many people, it represents hope, stability, and a brighter future.
When things go wrong, the emotional toll can be devastating. Imagine the frustration of watching your dream property slip through your fingers because of a legal technicality.
Or the heartbreak of realizing that the land you’ve invested in is embroiled in a dispute that could take years to resolve.
I’ve seen families torn apart by land disputes, friendships ruined, and lives upended. It’s not just about the money; it’s about the dreams that are shattered along the way.
That’s why it’s so important to get it right from the start. Don’t let impatience or excitement cloud your judgment. Take the time to do things properly, and you’ll save yourself a world of pain.
The Rewards of a Smart Investment Despite the challenges, buying land in Lagos can be one of the best investments you’ll ever make. The city is growing at an unprecedented rate, and land values are skyrocketing.
If you do your due diligence and follow the legal process, you could secure a valuable asset that will be appreciated over time. I know people who bought land in Lekki 10 years ago for a fraction of what it’s worth today.
They’ve built homes, started businesses, and created a legacy for their families. With the right approach, you can do the same. But remember, success in real estate is not just about buying land; it’s about buying the *right* land.
Buying land in Lagos is a journey filled with both opportunities and risks. It’s a test of your patience, diligence, and resilience. But with the right knowledge and guidance, you can navigate the complexities and come out on top.
Don’t let the horror stories scare you away. Instead, let them inspire you to be smarter, more cautious, and more determined.
Your dream of owning a piece of Lagos is within reach. Take the time to do it right, and you’ll be rewarded with an investment that will stand the test of time.
Remember, the city may be tough, but so are you. And with the right legal considerations in place, you can turn your dream into a reality.
STOP LOSING MONEY IN LAGOS REAL ESTATE! Learn
How to Protect Your Investment Today. => LandProperty.ng/free
Your future deserves the assurance of due diligence.
Business
President Tinubu Hails NGX for Crossing ₦100 Trillion Market Capitalisation Milestone
Urges Deeper Local Investments
President Bola Tinubu has commended corporate Nigeria, investors, and stakeholders in the capital market for propelling the Nigerian Exchange (NGX) beyond the historic ₦100 trillion market capitalisation threshold.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described the achievement as a “new economic reality and rejuvenation,” signalling strong investor confidence in Nigeria’s reforming economy.
“With the Nigerian Exchange crossing the historic N100 trillion mark, the country is witnessing the birth of a new economic reality,” President Tinubu said. He highlighted the NGX All-Share Index’s impressive 51.19% return in 2025 — outperforming the previous year’s 37.65% and ranking among the world’s top performers — even as many global markets faced stagnation.
The President noted year-to-date gains surpassing benchmarks like the S&P 500 and FTSE 100, positioning Nigeria as an attractive investment destination rather than a overlooked frontier market.
He praised resilient performances across sectors, from industrial giants localising supply chains to innovative banks, and anticipated further growth with upcoming listings in energy, tech, telecoms, and infrastructure.
President Tinubu linked the stock market’s success to broader reforms yielding macroeconomic stability. Inflation has declined for eight consecutive months, dropping from a peak of 34.8% in December 2024 to 14.45% in November 2025, with forecasts suggesting 12% in 2026 and potentially single digits by year-end.
Nigeria recorded a $16 billion current account surplus in 2024, projected to rise to $18.81 billion in 2026, driven by surging non-oil exports (up 48% to ₦9.2 trillion in Q3 2025) and manufacturing growth. Foreign reserves have exceeded $45 billion, with the naira stabilising and projections to surpass $50 billion in early 2026.
Infrastructure advances, including rail expansions, major highways like Lagos-Calabar and Sokoto-Badagry, and port revitalisation, were also highlighted, alongside improvements in healthcare, education loans via NELFUND, and research funding.
Urging Nigerians to invest more domestically, President Tinubu assured that “2026 will yield even greater returns” as reforms mature. He pledged continued efforts toward a transparent, egalitarian, high-growth economy, bolstered by tax and fiscal changes effective January 1, 2026.
“Nation-building is a process requiring hard work and focus. This ₦100 trillion milestone signals to the world that Nigeria’s economy is robust and productive,” he concluded.
Business
MTN’s 5G subscribers reach 15m
“We are proud to be the first telco to achieve over 82 percent coverage in 4G, and the first to roll out 5H in Nigeria, already reaching an estimated 15 million of the population and counting,”
MTN Nigeria says that its 5G network, has reached an estimated 15 million subscribers across the country.
In a statement, the company linked the growth to its aggressive leadership in 4G/5G deployment and the accelerated rollout of its Fibre-to-the-Home (FTTH) network.
” We are proud to be the first telco to achieve over 82 percent coverage in 4G, and the first to roll out 5H in Nigeria, already reaching an estimated 15 million of the population and counting,” the statement reads.
It added that the drive for connectivity is backed by significant capital spending, stressing that Capex, excluding leases, soared by 248.0% to N757.4 billion.
The firm said that this investment was strategically directed at capacity enhancement to reduce congestion and to deliver ultra-fast broadband to households through FTTH.“Demand for data remains robust, driving a 36.3% YoY increase in data traffic, with average usage per subscriber rising by 20.8% to 13.2GB.
Business
China-Nigeria bilateral trade hits $22.3bn in 2025
“From January to October 2025, bilateral trade exceeded $22.3 billion; this represented a 30.2 percent year-on-year increase,” Yuqing said.
• Consul General of the People’s Republic of China in Lagos, YAN Yuqing
Chinese Consul-General in Lagos, Ms Yan Yuqing, had said China-Nigeria bilateral trade exceeded $22.3 billion between January and October 2025.
Yuqing disclosed this at the Lagos Forum New Year Media Symposium, where she reviewed bilateral relations and outlined prospects for deeper cooperation in 2026
.“Over the past year, China-Nigeria economic and trade cooperation has shown great vitality and strong momentum.
Over the past year, China-Nigeria economic and trade cooperation has shown great vitality and strong momentum.
“From January to October 2025, bilateral trade exceeded $22.3 billion; this represented a 30.2 percent year-on-year increase,” Yuqing said.
She said Nigeria had remained one of China’s major investment destinations in Africa for many consecutive years.
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