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Is It Safe to Invest in Lagos Real Estate? Here’s What You Must Know by Dennis Isong

“Na bush you go buy?”

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In 2018, Chinedu bought a plot of land in Ibeju-Lekki for ₦600,000. At the time, his friends laughed.

“Na bush you go buy?” they teased. Even Chinedu had doubts, especially after struggling to locate the land twice.

But he had a gut feeling and decided to take the risk.Fast forward to 2024, Chinedu got a call from a developer building around the Lekki Free Trade Zone. They were interested in acquiring his plot.

The offer? ₦8.5 million. He thought it was a joke—until the cheque cleared.“I almost sold that land two years ago for ₦1.2 million because I was broke,” he told me, shaking his head with a smile.

“But something told me to wait.”Today, that same bush has a tarred road, power poles, and new buildings sprouting like mushrooms.

The value keeps rising, and Chinedu is already scouting for his next plot—this time in Epe.

His only regret?“I wish I bought three plots instead of one.”

That’s Lagos real estate for you. It looks like nothing at first—but if you play your cards right, it could be the best decision of your life.

Let’s not beat around the bush—Lagos real estate is hot cake.

Everyone seems to be talking about it, whispering about one land deal in Epe or a smart investment in Ibeju-Lekki.

The conversations are endless, and so are the questions. But the one that keeps bouncing from one corner of the room to another is this:Is it really safe to invest in Lagos real estate?Well, short answer? Yes.But let’s not stop at “yes.”

This is Lagos. Nothing is ever that simple. Before you pull out your wallet or empty your savings app, you need to know a few things that the billboards won’t tell you.

First, Why Is Everyone Rushing to Invest in Lagos Real Estate?

If Lagos were a person, it would be that loud, fast-talking cousin who always seems to have money flowing from one hustle or the other. Lagos is not just a city—it’s a mood, a movement, a madness that somehow makes financial sense.

It’s the commercial heartbeat of Nigeria. And where the heart beats, money flows.

From tech bros in Yaba to deep-pocket oil boys in Lekki, everyone is looking for where to park their money, and land is the new bank.

Real estate in Lagos has become the golden goose for the smart investor. And why not? Land here doesn’t sleep—it appreciates, sometimes with the arrogance of a billionaire who knows he can’t fail.

But Wait—Is It Safe?

Now, this is where it gets interesting. Lagos isn’t Disneyland. It’s not all shiny buildings and smiling agents. The truth is, there are landmines in the system—some figurative, some legal, and some spiritual (ask anyone who’s ever mistakenly bought “Omonile land”).

Yet, thousands of people are making solid money from it. Some have even become landlords from buying land they never visited. How is this possible? It all comes down to how you invest, where you invest, and who you’re dealing with.

The Shaky Past, The Bright Future

Let’s be honest: Lagos has had its fair share of land drama. The tales are plenty—fake documents, family land disputes, sudden demolitions. These stories are scary, yes, but they’re not the full picture.

Over the years, the Lagos real estate sector has matured, especially with government regulations, better documentation processes, and real estate firms who are finally doing things the right way.

This is not 1997 when you could buy land and discover later that the “agent” was actually a carpenter with a borrowed suit.

Today, with a bit of caution and proper due diligence, you can invest in Lagos real estate and sleep well at night—like a baby who just signed a deed of assignment.Lagos Is Expanding—And That’s a Clue.

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FEC Hold Session of Tributes for Buhari, Tomorrow

President Bola Ahmed Tinubu will lead the session of tributes for the departed leader

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A special session of the Federal Executive Council in honour of former President Muhammadu Buhari will be held on Thursday 17 July from 1pm.

President Bola Ahmed Tinubu will lead the session of tributes for the departed leader, according to Bayo Onanuga, Tinubu’s spokesman.

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JUST IN: Court Discharges Ex-Ekiti Governor Fayose of ₦6.9bn Money Laundering Charges

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The Federal High Court in Lagos has discharged former Ekiti State Governor Ayodele Fayose of money laundering and theft charges totaling ₦6.9 billion.

Justice Chukwujekwu Aneke, who presided over the case, upheld a no-case submission filed by Fayose’s legal team, ruling that the Economic and Financial Crimes Commission (EFCC) failed to establish a prima facie case or link him directly to the alleged offences.

Originally arraigned in 2018 before Justice Mojisola Olatoregun, the case was later reassigned to Justice Aneke at the EFCC’s request.

The anti-graft agency had accused Fayose of receiving ₦1.2 billion for his 2014 governorship campaign and accepting $5 million in cash from then Minister of State for Defence, Musiliu Obanikoro, without passing through a financial institution. He was also alleged to have laundered over ₦1.6 billion through companies such as De Privateer Ltd and Still Earth Ltd to acquire properties.

Fayose and his company, Spotless Investment Ltd, were re-arraigned on 11 counts of money laundering and theft, with the alleged crimes said to have been committed during his time in office, involving funds reportedly traced to the Office of the National Security Adviser.

Defending the former governor, Senior Advocate of Nigeria (SAN) Chief Kanu Agabi argued that the EFCC failed to substantiate its claims and noted that key figures allegedly involved, including Abiodun Agbele, were not charged.

“The predicate offences on which these charges are based do not hold water. Criminal breach of trust and conspiracy are distinct, and no co-conspirator was charged alongside the defendant,” Agabi stated.

Agreeing with the argument, Justice Aneke ruled in favour of the no-case submission and discharged Fayose.

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JUST IN: Sanwo-Olu Warns Against Attacks on LASTMA Officers, Vows Offenders Will Face Full Force of the Law

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Lagos State Governor Babajide Sanwo-Olu has reaffirmed his administration’s zero tolerance for assaults on officers of the Lagos State Traffic Management Authority (LASTMA), warning that anyone found guilty will face the full weight of the law.

Represented by Deputy Governor Dr. Obafemi Hamzat, Sanwo-Olu gave the warning on Tuesday at the Second Lagos Traffic Conference, held in celebration of LASTMA’s 25th anniversary.

The event, themed “Enhancing Traffic Efficiency and Safety on Lagos Roads: Challenges, Opportunities, and Innovations,” marked a key milestone for the agency responsible for managing traffic across the state.

The governor praised the dedication of LASTMA officers who, he said, often operate under dangerous and demanding conditions to maintain road order.

“I want to specially commend the men and women of LASTMA whose unwavering commitment ensures that Lagos keeps moving. Your uniform stands as the thin yellow line between road order and chaos,” he said.

He paid tribute to officers who had lost their lives in the line of duty, calling them heroes whose sacrifices would never be forgotten.

Looking ahead, Sanwo-Olu shared his vision of transforming LASTMA into a technology-driven agency. He revealed plans to invest in AI-powered systems, automated number plate recognition, and drone surveillance to improve traffic flow and incident response across Lagos.

“These innovations will enhance our ability to monitor real-time traffic, ease congestion, and strengthen enforcement,” he said.

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