Every day, hardworking Nigerians, especially civil and public servants, step into the real estate market with high hopes. Many trust the system and the sellers. But often, that trust is betrayed. One of the most recent examples is the property dispute currently playing out in Ajah, Lagos.
Introduction:
A woman, Mrs. Adesanya, reportedly paid 60 million naira for a property located at No. 12 Adewale Crescent, off Adetokunbo Ademola Street, Ajah. She’s been in possession of the property since 2020. However, the son of the late original owner, Mr. Babatunde Oladipo, who sold the land to her, is now facing legal opposition from the executors of his father’s estate.
The late Mr. Oladipo had a will and appointed executors. These executors claim they never authorized the sale of the property and that Mr. Babatunde Oladipo had no right to sell it. Now, both parties are locked in a legal battle at the Lagos State High Court.
Mr Enwere’s take:
According to legal expert and founder of EncumberedProperties.com, Mr. Madueke Enwere, the man violated the law by selling a property he didn’t legally inherit. And Mrs. Adesanya, despite paying millions, failed to conduct proper due diligence. She never confirmed if the property had been officially passed on to the seller through a will or probate.
This case underscores the importance of verifying ownership, especially when buying family or inherited property. As Madueke explained, “It’s criminal for someone to sell what they don’t legally own.” He also warned that paying for a property doesn’t make you the legal owner until every legal document checks out.
To avoid such painful mistakes, always:
- Verify ownership through a land registry
- Investigate the family structure behind inherited properties
- Consult legal experts or use an escrow account for payments
- Check for red alerts on InkimbaProperties.com before buying
Conclusion:
This case is a wake-up call. As the court decides the fate of the 60-million-naira property, prospective investors must take note: no matter how attractive a property deal may look, never bypass due diligence.
For daily red alerts on encumbered and disputed properties across Nigeria, visit EncumberedProperties.com. It’s your free tool for safe real estate investing.
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At Encumbered Properties, our mission is to help you make safe and informed property investments decisions.
In summary, before you buy any property anywhere in the world, always:
Verify the property’s status on EncumberedProperties.com;
Consult a real estate lawyer; and
Avoid untraceable cash transactions.
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This article was put together by Madueke Enwere: a property lawyer, a real estate investor, and a senior police officer and by God’s grace, the founder, encumberedproperties.com