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21 Jan

FOUR COMMON REAL ESTATE SCAMS IN IBEJU LEKKI THAT YOU SHOULD AVOID IN 2022

Numerous Ibeju Lekki real estate companies tell the biggest lies to convince you to purchase their fraudulent lands. Their dubious techniques consist of the following:

  1. “The Excision will be released next month” hoax. How often have you heard this line from a fraudulent marketer or agent in an attempt to deceive you into purchasing substandard land? “The Excision will be released next month, which is why they want to end sales in three days and then raise the price of the land to N5 million once it is released. If you wait until the excision is published, the price of the land will double as soon as the excision is published”. This lie from the depths of hell has bankrupted a great number of Nigerians who attempted to invest in real estate. Due to the emotional fear engendered by the lie, many individuals do not want to be the last to purchase a property at a low price and miss out on the benefits of purchasing a property that will soon have an Excision added to it. The truth is that NO ONE CAN PREDICT WHEN THE EXCISE WILL BE RELEASED. Every Excision that has been released is at the Governor’s whim. Since becoming Governor, Sanwoolu has issued very few or no Excisions to any community or town. Where did the marketer, agent, or developer of that real estate company obtain their own information if the Governor has not issued any Excisions in nearly three years? In 2022 and beyond, subscribers should be extremely vigilant to avoid falling for this deception. Check with your local property attorney, surveyor, or the Land Registry Alausa to confirm if an excision will be issued to the community you intend to purchase in. If it is false, please leave before it’s too late.
  2. Visit Alausa and Determine the File Number. “The Land is Authentic”. I cannot count how many times I’ve heard the phrase “Take the File Number and verify it at Alausa”. When I inquire whether they have actually viewed the file they are promoting, they become reticent and evasive. When I inquire about the contents of the file they just handed me to review, they become reticent and attempt to deflect the question. When I ask them where the file is located at the Land Registry Alausa so that I can directly inspect it, they begin speaking in tongues, mumbling gibberish, and realize that they cannot con me with that stupid “Take the coordinates and go and check the file number” scam. What they do not realize is that the file they are discussing is the File in which the community has requested an Excision from the Lagos State Government. Because it contains so many documents in preparation for the issuance of an Excision, it is not a file that is readily accessible to all Tom, Dick, and Harry. It includes a letter from the community to the Lagos State government requesting approval of their Excision application. It contains the general perimeter survey plan drafted by the community’s Surveyor to assist the Lagos State government in determining the portion of land to be issued to the community. It includes the various letters of correspondence between the Lagos State Government and the community. This file contains the fees, receipts, and taxes paid by the community to the Lagos state government, as well as acknowledgment letters and a number of other vital documents. It includes a report from the office of the surveyor general regarding the issuance of an Excision Survey plan for that community, etc. In short, this so-called file should not be treated lightly. This file is strictly between the Community or Village and the government of Lagos state. It has nothing to do with the real estate agency’s request that you check the file number.
  3. IF THE EXECUTIVE ORDER IS ISSUED, IT IS IN THE NAME OF THE COMMUNITY, NOT THE REAL ESTATE COMPANY OR FINANCIER THAT PAID AND PUSHED FOR THE EXECUTIVE ORDER TO BE ISSUED. Until a provisional copy of the Excision survey is published and a public notice in the Newspaper is issued that the government is about to issue a new Excision in that community, it is a complete waste of time and irrelevant to check the so-called file. The real estate firm has no control over when the governor issues the Excision or when it is released. The file is not validated by checking it. A sample letter from a community requesting an excision on its land. It must be issued in the name of the Community, Village, and Town, not the Real Estate Company, when it is issued. Until the real estate company provides you with a copy of the Lagos state government’s public notice publication of intended Excisions that it intends to release and you see the name of the Village or community where the property is located, please walk away from the Marketer, Agent, or Developer who told you to check a funny file number. It is all a hoax, and they are speaking nonsense, because the government can decide to withhold the release of Excision or halt the process without providing you with a reason. When the real estate company or vendor discovers that the Excision will not be released, they begin to play games with your money.
  4. Take the number from the Coordinates field. It must be confirmed at Alausa. “The land is free and problem-free”. I am always amused whenever I hear this statement. If I had saved 100 each time I was given a set of questionable coordinates to verify at the Land Registry Alausa, I would be richer than Dangote right now. When authentic Alausa Surveyors visit the site to verify the coordinates, many of the coordinates provided to subscribers are vastly different from the coordinates obtained on the land itself. Many of them are fabricated survey plans created in private offices to deceive individuals. When the dubious coordinates given to you are checked based on the fraudulently prepared survey plan that was given to the subscriber to check, it would indicate that the land is a very good land that is free from problems on the Survey Plan, but when a Surveyor from the Surveyor General’s Office goes to the land to pick the same coordinates, something potentially dangerous and problematic would be discovered. At that point, you will notice that the Land either falls under Lekki Acquisition, the land’s title has been revoked, the land is zoned for agricultural purposes only, or it is reserved for a government project. Over 80% of these Estates, particularly in the Ibeju lekki axis, lie about the number of coordinates in order to deceive people into purchasing their land. Because I have already caught these real estate companies in the act, whenever I inform them that I will be bringing a Surveyor from the Surveyor General’s Office to check their lands and confirm the veracity of their Coordinates claims in their survey, they become extremely hostile. Please don’t fall for this “go check the coordinates” con. Use independent licensed surveyors or the Surveyor General’s office to confirm the veracity of their coordinate’s number claims. If you choose to fall for this trick and enter problems, remember that there are tens of thousands of lawyers ready to charge you exorbitant fees to help you escape the situation. You have the option of doing the intelligent thing or paying through the nose to escape problems tomorrow. Worst of all, when the problem arrives, the Agent or Marketer who told you to check the number of the coordinate with extreme confidence in order to dupe you into purchasing the land will deny and pretend to be unaware of ever having persuaded you to buy the land based on the number of the coordinate. When you squeeze him or her, the Agent will inform you that he is not the owner of the Estate, as he was instructed to tell everyone. At the end of the day, you appear foolish, deflated, and confused, not to mention that you have paid him a commission that you will never receive a refund for, in addition to the outstanding problem of recovering your money from the fraudulent real estate company and having no land.

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