Business
Five Hidden Dangers of Buying Inherited Land in Nigeria by Dennis Isong
Not every land deal in Nigeria is as straightforward as it looks.
In fact, one of the trickiest types of property transactions you can ever get involved in is buying inherited land.
It often comes with stories, long family histories, and sometimes, unexpected headaches.
While the price may be attractive and the land location desirable, buyers need to slow down and look deeper.
Understanding the 5 Hidden Dangers of Buying Inherited Land in Nigeria can save you from emotional stress, wasted money, and years of court battles.
Let’s take the case of Chidi, a businessman who returned from abroad with the dream of building his retirement home in Lagos.
A relative introduced him to a family selling their dead father’s land.
The documents looked convincing, the price was lower than the market rate, and everything seemed fine—until a year later when one of the late owner’s children sued him, claiming the land was sold without his consent.
What Chidi thought was a dream turned into a nightmare of endless court sessions.
Sadly, his story is not uncommon.This is why we need to unpack the hidden dangers behind inherited land transactions.
1. Family Disputes and Unresolved Ownership
One of the biggest dangers of buying inherited land is family disagreement.
In many Nigerian families, land is passed down without clear documentation of who truly owns what. Some children may feel entitled, while others may want to sell.
The problem arises when not all family members agree.Imagine buying a piece of land from three siblings only to discover later that their fourth brother, who lives abroad, never approved of the sale.
That brother can return anytime and challenge the transaction in court. Until the matter is resolved legally, the land remains under dispute, and your investment stays trapped.
This is why it’s important to confirm that all rightful heirs have agreed in writing before any transaction takes place.
2. Lack of Proper Documentation
Inherited land often lacks complete or updated documentation. Many times, the original owner may have bought the land decades ago without processing proper title documents like a Certificate of Occupancy (C of O), Governor’s Consent, or even a Deed of Assignment.
As the land passes down to the children, the paperwork becomes even more confusing.
Some families rely only on informal documents, such as old receipts or local chiefs’ notes, which are not recognized in court.
If you buy such land, you may spend years chasing documents or, worse still, discover that the land was never legally theirs to sell.
Without valid documentation, ownership becomes shaky, and as a buyer, your claim over the land may not stand when challenged.
3. Multiple Sales of the Same Land
This is a common trap with inherited property. Because different family members may see themselves as “owners,” they sometimes sell the same land to multiple buyers.
One sibling may sell to you today, another may sell the same plot to someone else tomorrow, and yet another may use it as collateral for a loan.
When this happens, the buyer with the strongest legal proof wins. If you’re unlucky, you may lose both the land and the money you invested.
In fact, many land disputes in Nigerian courts stem from this exact scenario.
To protect yourself, you need to investigate carefully, confirm the true heirs, and insist on a family agreement that is signed, stamped, and legally backed.
4. Pending Legal Cases or Government Encumbrances
Another hidden danger of buying inherited land in Nigeria is the possibility of hidden lawsuits or government interests. Sometimes, the land may already be under dispute in court between family members.
Other times, the government may have acquired the land for future development, but the family continues selling to unsuspecting buyers.
If you unknowingly buy such land, you automatically inherit the legal problems that come with it.
Court cases can drag for years, draining you financially and emotionally. Worse still, if the government has plans for the land, you may lose everything without compensation.
This is why land verification through proper search at the land registry and even community checks is not optional—it is essential.
5. Emotional Attachments and Delays
Again, many families selling inherited land struggle with emotional attachments. Even after they agree to sell, one family member may suddenly change their mind or refuse to sign the final documents.
Others may delay the process, hoping to renegotiate or back out.This often frustrates buyers who have already invested time and money into the deal.
Unlike buying land from a registered estate company, transactions involving inherited property tend to drag on unnecessarily, causing you to lose both opportunities and peace of mind.
Final Thoughts
Buying land in Nigeria can be one of the smartest investments you ever make, but it must be done with caution.
When it comes to inherited property, the risks are higher than most people imagine.
From family disputes and lack of documents to multiple sales and hidden court cases, these are the five Hidden Dangers of Buying Inherited Land in Nigeria that every buyer must be aware of.
If you ever consider buying such land, work with professionals—lawyers, surveyors, and trusted realtors who understand the system.
Cutting corners may look cheaper today, but it could cost you everything tomorrow.
And remember, you don’t have to walk this path alone.
• I’m Dennis Isong, a top realtor in Lagos. I help Nigerians in the diaspora own property in Lagos, stress-free.
If you have questions about safe property investment or need guidance on avoiding land scams, call or WhatsApp me at +2348164741041.
Business
CBN admits it opened domiciliary accounts for PFIPC agency
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
File photo : PFIPC agency DG, Adeniyi Adeyemi
The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).
The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.
Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.
He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.
“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.
He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.
“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.
The department that handles the mandate is different from the department that actually does the account opening,” he said.
Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.
Business
Naira Exchange Rates At The Parallel/ Official Market Tuesday, 21 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 410 Sell ₦1,415
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,580 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.11
GREAT BRITISH POUND (GBP) ₦1,857.35
EURO (EUR) ₦1,575.95
SWISS FRANC (CHF) ₦1,705. 31
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.94
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.49
SOUTH AFRICAN RAND (ZAR) ₦83.69
Business
Naira Exchange Rates Monday, 20 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422
GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915
EURO (EUR) Buy ₦1,590 Sell ₦1,610
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,380.18
GREAT BRITISH POUND (GBP) ₦1,854.42
EURO (EUR) ₦1,577.00
SWISS FRANC (CHF) ₦1,707.94
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦203.57
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦367.48
SOUTH AFRICAN RAND (ZAR) ₦83.29
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