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Mistakes to Avoid When Buying Property in an Estate in Lagos by Dennis Isong
Investing in real estate, especially in Lagos, Nigeria, can be a lucrative opportunity, but it’s not without its pitfalls. Lagos is known for its dynamic property market, with a wide range of options, including estates.
However, navigating this market requires careful planning and consideration to avoid common mistakes that could lead to financial losses or legal issues.
In this article, we will highlight the mistakes you should avoid when buying property in an estate in Lagos.
● Lack of Due Diligence
One of the most crucial steps when buying property in an estate is conducting thorough due diligence.
Failing to investigate the property’s history, ownership, and legal status can be a costly mistake.
Make sure to obtain all necessary documents, including a Certificate of Occupancy (C of O) and a survey plan. Verify the property’s ownership and history to ensure it is free of disputes and encumbrances.
● Ignoring Location Considerations
Lagos is a sprawling city with varying property values depending on location.
Failing to consider the location carefully can lead to dissatisfaction with your investment.
Evaluate the estate’s proximity to essential amenities like schools, healthcare facilities, markets, and transportation hubs.
Also, consider the security and infrastructure in the area.
● Overlooking the Reputation of the Estate Developer
The reputation and track record of the estate developer are crucial.
Avoid buying property in an estate developed by a company with a history of legal issues, subpar construction quality, or delays in project delivery.
Research the developer’s past projects and seek feedback from previous buyers.
● Not Inspecting the Property
Never buy property without physically inspecting it. Pictures and descriptions can be misleading, and visiting the site allows you to assess the property’s condition, potential renovation needs, and whether it aligns with your expectations.
● Skipping a Property Inspection
In Lagos, some properties may be subject to flooding during the rainy season.
Ignoring a proper inspection, which includes checking for flood risk and drainage systems, can lead to devastating consequences.
Engage a qualified surveyor or engineer to assess these factors.
Avoid buying property in an estate developed by a company with a history of legal issues, subpar construction quality, or delays in project delivery
● Overextending Financially
Avoid the mistake of stretching your finances too thin to acquire property.
Carefully assess your budget, including the purchase price, legal fees, taxes, and potential renovation costs.
Create a realistic financial plan to ensure you can comfortably afford the property without jeopardizing your financial stability.
● Neglecting Legal Assistance
Property transactions in Lagos can be complex, and legal guidance is essential to protect your interests.
Hire a reputable real estate attorney who specializes in Lagos property law. They can review contracts, conduct due diligence, and ensure all legal requirements are met.
● Not Understanding Estate Rules and Regulations
Each estate in Lagos may have specific rules and regulations governing property ownership and management.
These rules can affect your ability to use, rent, or resell your property. It’s essential to understand and abide by these regulations to avoid potential conflicts or penalties.
● Not Considering Future Growth
Lagos is a rapidly growing city, and the landscape can change significantly in a short time.
Failing to consider potential developments and infrastructure projects in the area can lead to missed opportunities or reduced property value appreciation.
Research upcoming projects and urban planning initiatives that could impact the estate you’re interested in.
● Underestimating Maintenance Costs
Owning property in an estate comes with ongoing maintenance responsibilities and associated costs.
These can include security fees, waste management, and common area upkeep.
Ensure you are aware of these expenses and budget for them accordingly to avoid financial strain in the long run.
● Relying Solely on Verbal Agreements
In real estate transactions, verbal agreements hold little to no legal weight.
Always insist on putting all agreements in writing, including terms, conditions, and any promises made by the seller or developer.
A written contract protects your interests and ensures both parties are held accountable.
● Rushing the Decision-Making Process
Buying property is a significant decision that shouldn’t be rushed. Take your time to thoroughly research, evaluate, and compare different options.
Don’t succumb to pressure from developers or agents to make a hasty decision. A well-informed and patient approach can lead to a more successful purchase.
● Neglecting Property Resale Value
While you may be focused on your immediate needs and preferences when buying property, it’s essential to consider its resale value. Market conditions can change, and you might need to sell the property in the future.
Choose a property that has the potential for appreciation and appeal to a broad range of buyers.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
News
Presidency: US FOIA Case Not Criminal Against Tinubu
The Presidency has clarified that the ongoing Freedom of Information Act (FOIA) case before the United States District Court for the District of Columbia is a civil records-disclosure dispute and not a criminal case against President Bola Ahmed Tinubu. The court has not found the President guilty of any criminal wrongdoing.
In a statement issued on September 3, 2026, Special Adviser to the President (Information and Strategy), Bayo Onanuga, addressed recent speculative reports surrounding the matter.
The statement recalled that 23 years ago, on February 4, 2003, the American Consulate in Lagos informed the then Inspector General of Police, Mr Tafa Balogun, that an FBI records check found no criminal arrest records, wants, or warrants for then Governor Bola Ahmed Tinubu.
In 2022, Mr Aaron Greenspan, known to work with Nigerian opposition figures including David Hundeyin and Atiku Abubakar, submitted FOIA requests to several United States government agencies seeking records relating to President Tinubu. After the agencies withheld certain records or declined to confirm or deny their existence, Mr Greenspan filed Civil Action No. 23-1816 in the United States District Court for the District of Columbia in 2023. The court later allowed President Tinubu to participate as an intervenor.
During the proceedings, the defendants invoked the “Glomar defence,” a standard position under which a US government agency neither confirms nor denies the existence of records in order to protect personnel, techniques, and sources. On this basis, the court granted summary judgment in favour of the CIA, EOUSA, Department of State, Department of the Treasury, and the Internal Revenue Service (IRS), removing them from the case. Claims involving the Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) remained for further consideration.
In compliance with court orders, the FBI and DEA produced 399 pages of records with portions redacted under statutory exemptions. The plaintiff challenged the redactions. The agencies, through the United States Department of Justice, defended the withholdings on the following grounds:
- Protection of grand jury materials and pen register information under FOIA Exemption 3
- Attorney-work product and attorney-client privileges under FOIA Exemption 5
- Records prepared for law enforcement purposes under FOIA Exemption 5
- Protection against unwarranted invasion of personal privacy under FOIA Exemptions 6 and 7(C)
- Protection of confidential sources and law enforcement techniques under FOIA Exemptions 7(D) and 7(E)
President Tinubu has also asserted his rights under FOIA Exemption 7(C) on the advice of his lawyers.
The plaintiff has until September 11, 2026, to file any opposition, while the FBI, DEA, and the intervenor have until September 18, 2026, to respond.
The Presidency emphasised that the release or withholding of records under FOIA does not, by itself, establish criminal liability. The case concerns access to government records and the proper application of statutory exemptions. It remains exclusively under the control of Judge Beryl A. Howell of the United States District Court, who will decide the matter based on the evidence, applicable law, and the parties’ arguments—not political preferences.
Recent public commentary by Mr Karl von Batten has inaccurately portrayed him and his client as central to the proceedings. Neither is a party to the case.
The Presidency urged the media and the public to distinguish verified court proceedings from partisan speculation.
News
Eko Electricity blames Lekki-Ajah power outages on feeders disruption
The following feeders are currently out of supply: Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1, Eleko,” the company said.
Eko Electricity Distribution Plc (EKEDP) has announced a power outage across parts of Lagos, including Lekki, Ajah and Ibeju-Lekki, following a loss of supply affecting 12 feeders.
The affected feeders are Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1 and Eleko.
In a notice to customers, EKEDP said the VGC, Oke-Ira and Agungi injection substations were also affected by the disruption.
The distribution company attributed the outage to a fault affecting electricity supply within the Lekki, Ajah and Ibeju-Lekki axis.
The following feeders are currently out of supply: Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1, Eleko,” the company said.
EKEDP said it was working with the Transmission Company of Nigeria (TCN) to restore the affected transformer and reconnect all the impacted feeders.
News
IGP Disu Launches Nigeria Police Force Vigilant App, for Tracking Crimes
” The police cannot be everywhere at the same time, but through technology and partnership with the citizens, we can significantly expand our capability to prevent and respond to crimes,” he noted.
The Inspector-General of Police, IGP Olatunji Disu, has launched the Nigeria Police Force Vigilant App as part of efforts to strengthen public engagement, internal communication and the fight against increasingly sophisticated crimes.
Disu also unveiled MTN Closed User Group (CUG) Network for strengthening communication among police commands, formations, divisions and specialised units nationwide.
Speaking during the launch ceremony in Abuja, IGP Disu said that the changing nature of crime and the speed at which information travels have made it necessary for the police to embrace technology.
The policing environment is changing rapidly. Crime is becoming more sophisticated. Information moves faster, and citizens increasingly expect public institutions to be accessible and respond to technology,”said Disu.
He explained that the Vigilant App was designed to improve communication between the police and members of the public by enhancing information sharing and citizen engagement.
The IGP urged Nigerians to use the platform responsibly to report suspicious activities, provide useful information and seek assistance when necessary .
Disu also charged officers managing the platform to operate with professionalism and integrity, stressing that information received through the system must be handled responsibly, investigated diligently and protected appropriately.
“The police cannot be everywhere at the same time, but through technology and partnership with the citizens, we can significantly expand our capability to prevent and respond to crimes,” he noted.
Disu observed that effective communication often determines the success of operations, emergency responses and investigations.
“In policing, information delayed can be information lost,” the IGP declared.
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