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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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Reps Launch Investigation into NPF Amidst Allegations of N50 Billion Procurement Fraud

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House of Representatives has resolved to investigate the alleged contract racketeering in the Nigerian Police amounting to billions of naira.

The decision was taken after a motion of urgent national importance moved by the member representing Arochukwu/Ohafia federal constituency, Abia, Rep. Ibe Osonwa during the plenary on Thursday in Abuja.

Mr Osonwa had raised concerns over the alleged award of N6 billion contact by the Nigerian Police Procurement department without due process which according to him was erosion of public trust.

“The Nigeria Police Force Procurement department allegedly awarded N 6 billion contract to Crown Natures Ltd.

By splitting it into 66 separate contracts in a deliberate attempt to circumvent the public procurement Act of 2007 particularly in procurement of uniforms,” he said.

The lawmaker who expressed concern over the violation of section 214 of the 1999 Constitution as amended by the Police, called for urgent action to address the allegation.

Mr Osonwa, further called the attention of his colleagues to undermining of the country’s internal security architecture by the Nigeria Police with its award of contract for procurement of arms to private companies in violation to procurement rules.

The Speaker, Tajudeen Abbas referred the motion to the committee on public accounts and public procurement for further legislative actions.

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Peter Obi’s brother Lagos Property: We didn’t carry out the demolition – Omotosho

Omotoso said Obi’s allegations on the demolition are “disturbing and without facts

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• Peter Obi at the scene of the demolished property

The Lagos State Government has commenced an investigation into the demolition of a property belonging to the brother of the Labour Party (LP) presidential candidate in the 2023 election, Peter Obi.

Obi had alleged that a property belonging to his younger brother was demolished in the Ikeja area of Lagos State without a court order.

Reacting to the demolition via a statement on Thursday, June 26, the Lagos State Commissioner of Information and Strategy, Gbenga Omotoso, said no agency was involved in the demolition.

Omotoso added that the investigation will help clarify the circumstances surrounding the demolition and ensure that any necessary actions are taken.

The former governor of Anambra State, in a post on his X account on Tuesday, June 24, 2025, disclosed that the property owned by his brother’s company had stood for over 15 years before it was demolished.

Omotoso said Obi’s allegations on the demolition are “disturbing and without facts”.

The commissioner stated: “We wish to categorically state that the Lagos State Building Control Agency (LASBCA) or any other arm of the Lagos State Government did not carry out the said demolition.

“Dr. Olajide Abiodun Babatunde, Special Adviser, eGIS & Urban Development, who supervises LASBCA, has confirmed that the agency was not involved in the demolition.

“The Lagos State Government is committed to upholding the rule of law and ensuring the safety and security of all residents.

“We will not tolerate any acts of lawlessness or violations of extant laws. Any individual or group found involved in such acts will be brought to justice,” he said.

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BREAKING: President Tinubu Vetoes NDLEA Bill Due to Crime Proceeds Clause

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President Bola Tinubu has declined to sign the National Drug Law Enforcement Agency Bill, 2025 into law.

The President’s decision not to sign the bill passed by both chambers of the National Assembly was contained in a letter read in the Green Chamber on Thursday during plenary.

The President, citing Section 58(4) of the 1999 Constitution (as amended), explained that the proposed law seeks to empower the NDLEA to retain a portion of the proceeds from drug-related crimes, a move he said contradicts existing financial regulations.

He noted that under the current system, “All proceeds of crime are paid into the government’s Confiscated and Forfeited Properties Account.

Disbursements to any recovery agency, including the NDLEA, can only be made by presidential approval, subject to the consent of the Federal Executive Council and the National Assembly.”

The President maintained there was no compelling reason to alter a process designed to uphold accountability through executive and legislative oversight.

Details later….

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